Press release
Thai Life Insurance signs with KGISL Technologies as part of digitization efforts to deliver excellence
Thai Life Insurance & KGISL Technologies officials at the signing ceremony
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. It is proven to be successfully fulfilling the requirements of leading insurers across multiple geographies.
KGiSL is a BFSI-centric Multiproduct Enterprise Software Product Company serving global giants in insurance, capital markets, and wealth management segments as well as delivering AI-driven cross-segment solutions to varied industries. Being empathetic to end customer needs and armed with a mission to delight them right from the zero moment of truth, products are designed & developed by treating data as the new gold, combining it with Machine Learning (ML), Business intelligence (BI), conversational AI/UI to create next-gen CX. With over 1700+ professionals and having operations in India, US, Singapore, Malaysia, Thailand & UAE, to serve top-notch clients including a few Fortune 500 companies from across the globe.
KGiSL Technologies
365, GSS Towers, KGiSL Campus, Thudiyalur Road, Saravanampatti, Coimbatore - 641035, India.
Padmanaban Srinivasan, Director of Marketing
padmanaban.s@kgisl.com
KGiSL is a BFSI centric multiproduct Enterprise Software company focused on Insurance, Capital Markets, & Wealth Management segments. KGiSL by roots believe in being empathetic to customers and offering products and services that deliver incremental business outcome. Harnessing the power of Machine Learning (ML), Artificial Intelligence (AI), Analytics, Data Science and Cloud to empower our clients through our products and deliver Empathy based Outcomes backed by next Generation Customer Experience.
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