Tune Protect Becomes The First Insurer to Move Its Core to the Cloud
by Fintech News Malaysia March 18, 2022Tune Protect Malaysia is now the first insurer in the country to have received approval from Bank Negara Malaysia (BNM) to host its insurance core system on Telekom Malaysia’s (TM) Cloud α Edge.
This was made possible via a collaboration between Tune Protect, TM and Huawei Malaysia.
This partnership will enable Tune Protect to re-platform its existing GIS (General Insurance System), an insurance core system, on to cloud.
This collaboration between the three parties aims to provide Tune Protect’s customers with consistent speeds in user portal experience; more tailored insurance offerings for their requirements; and better insurance premium rates due to infrastructure and intelligence optimisation.
Tune Protect said that works are currently underway for the core insurance system to be deployed in multiple phases commencing July 2022.
Prasanta Roy
Prasanta Roy, Group Chief Technology Officer of Tune Protect said,
“As the first insurer to have received the approval to host the core system on Cloud, we are further enhancing our group credentials.
Cloud is the centrepiece of our digital transformation that will enable us to achieve speed-to-market and introduce more innovative products and services for our customers.”
Imri Mokhtar
Imri Mokhtar, Group Chief Executive Officer of TM said,
“With TM Cloud α Edge being fully compliant to BNM’s RMiT, FSI players can reap the benefit of scalability and agility to future-proof their business, while simultaneously protecting customer data, at a superior price advantage.
Through our enterprise and public sector business solutions arm, TM ONE, we are ready to serve the industry with end-to-end robust and secured digital infrastructure, befitting our role as the sole Malaysian Cloud Service Provider (CSP) under the MyDIGITAL initiative.”
Lim Chee Siong
Lim Chee Siong, Huawei Malaysia’s Vice President of the Cloud and AI Business Group said,
“It is always our goal at Huawei Cloud to dive into digitalisation and to provide everything as a service. Huawei will continue to innovate and team up with our partners to dive into digital and build the cloud foundation for an intelligent world.
Cloud is just the beginning. We view it as a runway to transport businesses to even greater heights.”
