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  • 26 October 2016 22:52

3i Infotech benchmarks ‘Digitalization of Insurance’ in Vietnam

Sets it as a center-stage dialogue at a recently concluded Financial Summit

Hanoi, Vietnam & Mumbai, India: 3i Infotech Limited, a global provider of IT solutions and one of India’s mid-tier software companies, recently concluded its participation at the Vietnam Finance 2016. Rightly suited for the forum, 3i Infotech’s rightly crafted deck on ‘Digitalization of Insurance in Vietnam’ received an overwhelming response.

Speaking on the occasion, Rakesh Doshi, Global Business Head – Financial Services and Insurance at 3i Infotech, said, “The insurance sector in Vietnam and within the region is growing multifold. With the digital transformation, insurers view digital as a key priority to deliver high quality customer experience. This is the right time to embrace digital insurance to leverage upon the next phase of growth in the economy. With an overwhelming response, 3i Infotech is keen to look at expansion in the region with multiple alliances and partnerships.” Digitization shall enable insurers to transform the insurance sector.

New digital technologies are irrevocably changing the way consumers involve and relate with insurers. With focus from Government on leveraging E-government and five-year plan of IT application (2nd time) of the Ministry of Finance, the period of 2016-2020, remarks for key IT investments in the sector. The application of IT in the insurance sector currently being implemented is in its early stages. It’s imperative for the country to build an integrated management system, comprehensive fraud management framework, modernizing actuarial functions while business practices and customer interactions are still primarily executed through traditional channels.

3i Infotech’s flagship insurance technology solution PREMIA offers insurance organizations with an array of powerful solution accelerators that enable efficient end-to-end management of insurance business processes. PREMIA would leverage on its custom based solutions encompassing General Insurance, Life Insurance, Medical Insurance, e-Portal (for B2B & B2C), Mobility (B2B & B2C), Business Intelligence, Annuity and CRM to suit the regional insurance needs.

About 3i Infotech ( 3i Infotech one of the key IT banking and insurance software and solutions is a public global company empowering business transformation and services a variety of industry verticals predominantly Banking, Insurance, Capital Markets, Asset& Wealth Management (BFSI). The company has a very strong foothold and customer base in geographies like South Asia, Middle East and Africa, Asia Pacific, Kingdom of Saudi Arabia and North America. It is also focused on value added services such as business intelligence and analytics services, infrastructure management services, testing and compliance, application development and maintenance, consulting and its BPO offerings.

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