Locally-owned IG Tech inked a deal with Malaysia-based Aetins to offer technology-enabled solutions targeting insurance companies and takaful operators.
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With this new partnership, IG Tech becomes the sole distributor of Aetins’ insurance solutions in Cambodia, Laos, Myanmar, Thailand and Vietnam.
The deal includes the distribution of Aetins’ flagship product – the Insurance Solution Framework, or ISF – an end-to-end core policy admin system covering all lines of insurance for businesses.
Kim Puthkiry, chairman and president of IG International Group, the owner of IG Tech, said at the signing ceremony that Cambodia’s potential in the insurance market is so high that it is imperative for players to seek the right technology-enabled solutions to stay competitive and grow.
“In pursuit of bringing the right solutions to our clients, we are confident Aetins’ cutting-edge and robust solutions, service capabilities and experience, will help us deliver according to our client’s expectations,” Mr Puthkiry said.
He said the partnership will bring value and innovation to the insurance industry in the Greater Mekong Subregion.
“We will further develop a ‘joint centre of excellence’ as a regional development, implementation and support hub in Cambodia to serve our clients in the Mekong, Asean and APAC regions,” he added
Mr Kuppusamy Kanniah, managing director at Aetins, said this partnership helps the company penetrate new markets and expand into not only Cambodia, but also Myanmar, Laos, Vietnam and Thailand.
“The focus of the partnership will be to jointly leverage on Aetins solutions to boost IG Tech’s growth,” Mr Kuppusamy said.