Azentio Software is proud to announce the successful implementation of Insurance Authority’s data submission requirement for 10 insurers in UAE. The regulation seeks a trusted digital environment throughout the UAE with additional upgrades and improvements on the cards to facilitate this vision.
As per Insurance Authority, all insurance companies in UAE, must post all the transaction level data to their Digital System using JSON. With a requirement to comply to this regulation by 15th of November 2021, there was a need to provide a fast, reliable and scalable solution.
Azentio Software’s solution enables our clients to comply with this regulation quickly and easily. In addition to this, the solution is also equipped to meet the evolving needs of IA as it seeks to transform in the new digital world. This flexible plug-in can be integrated with any core system in a short duration. It integrates with core applications to extract the data and create JSON file as required by the authority, validates the data processes, and submit them creating audit logs for traceability.
The solution was rapidly deployed for 10 clients with all implementations completed in less than two months to help meet the regulator’s deadlines and prepare for the second phase.
- Caters to all LOBs
- Database agnostic
- Third party data upload through Excel upload functionality
- Data extraction from multiple source system
- Rule based verification and validation
- Authority based access to users from different business units.