BANGKOK and COIMBATORE, India, April 30,
2024 /PRNewswire/ -- KGiSL has recently signed up
with Thai Life Insurance Public Company Limited as their trusted
technology solution provider for the reinsurance business. This
strategic partnership aims to transform Thai Life Insurance's
reinsurance business through KGiSL's state-of-the-art comprehensive
NSURE Reinsurance Suite.
KGiSL's expertise in technology and utilization of cutting-edge
AI/ML capabilities and reputation for delivering innovative and
highly customizable solutions, will significantly enhance
operational efficiency as well as risk mitigation, and pave the way
for sustainable growth and increased profitability of Thai Life
Insurance.
Prassadh Shanmugam, CEO, KGiSL, stated "We are thankful to the
Thai Life Insurance Team for this opportunity, as this marks a
significant milestone in KGiSL's expansion efforts in the Thai
market, particularly in the Insurance business domain. This
relationship not only strengthens our presence in Thailand but also underscores our commitment
to driving innovation and excellence in the insurance
industry".
Speaking on the occasion, Hsi-Ling
Yang - Chief Actuary, Thai Life Insurance, said "We are
delighted to be associated with KGiSL. Our vision is to be a
value-driven life insurance company of sustainability. We are
transforming in many aspects for a sustainable tomorrow. This
partnership marks the beginning of a transformative journey of our
reinsurance operations." He further said, "With KGiSL's
technical expertise and unwavering commitment to excellence,
we are able to transform our reinsurance operation for a greater
efficiency, and getting more insights from reinsurance data to
create value for all stakeholders."
Arnab Das, Vice President &
country head – Thailand operations
of KGiSL, highlighted how the NSURE Reinsurance Solution will
modernize Thai Life Insurance's operations, further stating, "Our
NSURE Reinsurance Suite offers Thai Life Insurance a fully
integrated and highly configurable solution tailored to their
specific needs. By leveraging advanced solutions and being
empathetic to customers aim to empower Thai Life Insurance with the
tools they need to thrive in an increasingly competitive
landscape".
NSURE is an end-to-end software solution for conventional &
Takaful businesses and a flagship product of KGiSL.
KGiSL, a global provider of AI-powered software solutions,
empowers businesses in insurance, capital markets, wealth
management, and more. With over 1,700 professionals across 6
countries, KGiSL serves top clients, including Fortune 500
companies. Learn more at https://www.kgisl.com/
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