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April 5, 2024
Is Your Insurance Business Getting the Most from Your Core Platform?
The insurance sector in Africa is experiencing rapid changes and having the right core technology at your disposal is paramount to staying ahead of the curve. With the increasing demands of customers, shifting regulatory requirements, and emerging technological advancements, insurers face a myriad of challenges in effectively managing their operations. Central to these challenges and…
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Turnkey Africa
January 23, 2024
Transforming the African Bancassurance Landscape: TurnQuest System
In recent years, the African financial services sector has witnessed a significant transformation driven by advancements in technology. One notable area that has experienced a great shift is Bancassurance, the integration of insurance services into the traditional banking model. The emergence of sophisticated software technologies, such as the TurnQuest Bancassurance System, has played a pivotal…
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Turnkey Africa
January 15, 2024
Bridging the Job Preparedness Gap: Three Strategic Approaches
In our previous article, we took a general look at the job preparedness gap and some of the challenges employers face when looking to hire new graduates. Some of the challenges we identified included lack of technical proficiency, poor soft skills and inadequate domain and industry-specific knowledge. We attributed this challenges to among other factors…
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Turnkey Africa
September 18, 2023
INTRODUCING TQ ACADEMY: Practical, Hands-on Training and Mentorship for IT Professionals
Insurance Industry Three-Fold Talent Crisis The insurance industry is experiencing a three-fold talent crisis: An aging workforce, difficulty attracting new and graduate talent and the challenge of retaining ‘good’ employees at all levels. Inability to access talent with the proper skills, knowledge and experience puts the industry players at a competitive disadvantage especially in the…
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Turnkey Africa
June 21, 2023
Transforming Insurers’ Roadblocks to Success
Amidst the relentless momentum of the insurance sector, companies are constantly striving to overcome various challenges that hinder their growth and success. Let’s explore some of the tribulations faced by insurers and how Turnkey Africa Ltd, a leading insurance software technology provider in Africa, can address these challenges and empower insurers to thrive in today’s…
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Turnkey Africa
December 8, 2022
IFRS 17: What is it and How Can Insurers Become Compliant?
IFRS 17 is a new accounting standard that will come into effect in January 2023. This standard will have a significant impact on the way insurance companies operate and report their financial results. It is arguably the most complex IFRS issued to date. However, it is important to remember that the challenges inherent in insurance…
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Turnkey Africa
May 24, 2022
Modernizing Reinsurance Operations: How Insurers can Achieve Reinsurance Efficiency and Effectiveness
Reinsurance and risk transfer play a critical strategic role in ensuring the success and stability of an insurer especially where solvency and capital adequacy are concerned. Unfortunately, reinsurance management tends to be one of the most neglected parts of an insurer’s operations relegated to manual processes while the rest of the organization gets modernized. In…
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Turnkey Africa
March 24, 2022
3 Key Business Drivers for African Insurance APIs Initiatives
Insurance APIs enable data flow into and across the insurance value chain opening up the industry to huge opportunities for new and innovative solutions We generally tend to get caught up in the hype around certain technology. But we forget what it is that that technology brings to the insurance industry in terms of capabilities.…
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Turnkey Africa
December 23, 2021
DMVIC Integration: Conveniently order, generate and distribute virtual motor insurance certificates
TurnQuest-DMVIC integration helps streamline the motor vehicle certificate issuance process for speed, efficiency and accuracy TurnQuest Insurance Suite is now fully integrated into the Association of Kenyan Insurers (AKI) Digital Motor Vehicle Insurance Certificate (DMVIC) system. The DMVIC platform enables virtual motor insurance certificate issuance where insurers can conveniently order, generate and distribute virtual certificates…
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Turnkey Africa
December 23, 2021
Sybrin DMS Integration: Capture, organize and derive more value from your unstructured data
Sybrin’s addition to the ever expanding TurnQuest integration inventory enables our customers to derive more value from our products to drive their digital strategies. TurnQuest Insurance Suite users are now able to integrate into the Sybrin document management solution(DMS). With the new integration, TurnQuest users will be able to access and manage information from multiple…
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