About the Transformation
Bank Muscat is a leading asset manager in the GCC, and its wealth management offerings remain a preferred choice for Ultra HNWI and HNWI segments. The bank partnered with Infosys Finacle to create personalized insurance products for its esteemed customers. The implementation of the solution enabled the bank to quickly build a diverse portfolio of insurance products in addition to its existing offerings. This solution assists the bank with end-to-end insurance-related operations, including product configuration, interfacing with insurance providers for policy details, reconciliation of transactions, commission processing, and generating business reports. Today, the bank offers personalized insurance products related to Art, Health, Critical Illness, Family Protection, Home, Life, Motor, Travel, and Yacht
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