back Back

Tamkeen Insurance implements SAM Corporate’s IFRS17 solution

By Delisha Fernandes

August 18, 2023

  • Corporate Performance Management
  • Digital Finance
  • finance sector
Share

SAM CorporateTamkeen, a Palestinian insurance company providing an array of insurance services, has announced integrating SAM Corporate’s IFRS17 solution into its business operations.

Mohammad Alremawi, GM Tamkeen Insurance, said “Accomplishing this task presented significant challenges stemming from various requirements, whether its calculations or disclosures. I am grateful to our expert team, who led the planning and implementation within the stipulated timeframe. While we initially contemplated selecting the optimal solution.”

Alremawi added, ” I can now affirm that it stands as one of the most successful choices in our journey towards IFRS17 compliance, and our positive impression that was created by SAM Corporate’s team at the early stages of our project was right.”

SAM Corporate is a FinTech provider in Corporate Performance Management (CPM) and digital finance space in the Middle East, combining its winning strategy of solution domain expertise, skilled advisory team, and experience in implementing a large number of projects in different industry segments.

Ala Karrain, Managing Director of Allied Actuarial Consultancy (AAC), said “Highlighting the significance of International Financial Reporting Standard 17 (IFRS 17) on actuarial services within the region, the key difficulty arises from the need to precisely depict liabilities while maintaining consistent measurement. This underscores the essential requirement for a comprehensive grasp of IFRS principles.”

Karrain added, “Our successful navigation of this challenge has been made possible through effective cooperation with our valued client, Tamkeen, and the innovative solution delivered by our esteemed partner, SAM Corporate. “

Previous Article

August 18, 2023

7 FinTech tweets you should see!

Read More
Next Article

August 18, 2023

Finland’s Basware plans to acquire Irish FinTech Glantus

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Corporate Performance Management

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 15, 2024

Daiwa Capital Markets Europe selects Delta Capita for CLM service

Read More

July 15, 2024

Duck Creek Technologies delivers HDFC ERGO’s new core InsurTech solutions

Read More

July 12, 2024

DCB Bank taps CyberArk to deliver secure services to customers

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024