How insurers can turn vision into reality?

We helped one of the largest conglomerates, who is actively involved in financial and leasing services in South Asia. We partnered and assisted in launching their insurance business which has been growing rapidly in the competitive market.

Challenges & Opportunities

  1. Launching with proven approaches and processes is required as there are many established players in the insurance market.
  2. Leveraging on conglomerates with other established financial lines to capture business.
  3. Differentiating and serving the Takaful segment.
  4. Integrating and aligning with groups’ centralized business and IT strategy.
  5. Ensuring cost effective to penetrate into all insurance segments.

Solutions

AETINS offered a single core system for Life, Group and General insurance. A ready solution was used with comprehensive product configurator, integrations and reporting approaches. Takaful protection products were also introduced on the same framework to expand into Takaful lines in a gradual manner. Furthermore, all the distribution channels were empowered by digital tools with Straight Through Processing and Real Time information access facilities. This boosted the sales and reduced the servicing costs substantially.

Benefits

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