ZA Tech World wins on this 12 months’s SBR Know-how Excellence Awards.
Redefining the insurance coverage know-how area takes experience and confirmed wins available in the market – with a relentless deal with delivering significant, handy, and inexpensive insurance coverage propositions for purchasers. To allow intermediaries and digital platform gamers to realize this, ZA Tech World Ltd. (ZA Tech) developed Fusion, a SaaS-based digital insurance coverage platform for intermediaries (i.e. distributors of insurance coverage merchandise).
Fusion is a next-generation insurance coverage platform to speed up and scale intermediaries’ insurance coverage enterprise, permitting them to manage the client touchpoints and knowledge, and decoupling from legacy IT constraints of insurers. ZA Tech’s Fusion affords key differentiators:
- Open APIs: Open API platform for straightforward integration with any gross sales channel and companion
- Multi-line protection: Life, Well being and P&C insurance coverage will be dealt with on one platform
- SaaS product: Constructed for the cloud, Fusion is extremely scalable, will be rapidly deployed and stays evergreen due to ongoing free upgrades
- No-/Low-Code: Totally configurable and templatised merchandise (from back- to frontend) for quicker and lower-cost go-to-market
For this ground-breaking growth, ZA Tech, which is headquartered in Singapore and operates throughout Asia and Europe, acquired the API – Insurance coverage Dealer Award on the 2023 SBR Know-how Excellence Awards.
The awards programme recognises the achievements and strides that corporations in Singapore have undertaken in pursuit of offering world-class services aided by digital improvements. ZA Tech differentiates itself from opponents with Fusion’s means to enhance the web buyer expertise, opening new income channels for intermediaries and permitting insurers to entry thousands and thousands of latest prospects.
Fusion will be utilized to many insurances use instances in a wide range of industries, starting from eCommerce and retail, delivery and logistics, journey and occasions, automotive, banking and fintech, and actual property.
One instance the place Fusion is deployed at scale is Southeast Asia’s tremendous app, Seize. Seize powers the insurance coverage vertical of Seize, processing tons of of thousands and thousands of insurance coverage insurance policies, underwritten by 20+ insurers throughout half a dozen international locations. Examples embrace journey delay and private accident safety throughout Seize rides (to supply peace of thoughts to passengers) and pay-per-trip important sickness merchandise for drivers (as a brand new modern method to supply insurance coverage protection within the gig economic system). Different examples of Fusion prospects within the area embrace, for instance, the web journey unicorn Klook and the main used automobile market Carro.
With a versatile no-/low-code product engine (for all times, well being and P&C insurance coverage), an built-in configurable frontend and Open APIs, Fusion accelerates the time-to-market while reducing launch prices. Fusion helps modern and complicated coverage buildings, enabling new enterprise fashions, together with transaction- and event-based insurance policies, seamlessly embedded in different services.
Via its microservices structure and cloud-native design, Fusion delivers excessive flexibility and efficiency, having the ability to scale to hundreds of insurance policies per minute to fulfill any surge in visitors. Fusion complies with PDPA (Singapore’s Private Knowledge Safety Act 2012) and GDPR (Europe’s Normal Knowledge Safety Regulation) and follows the newest cyber and knowledge safety requirements.
Other than offering a number one insurance coverage know-how platform, ZA Tech takes satisfaction in delivering unmatched (digital) insurance coverage and innovation experience, bolstered by an ingrained partnership mindset and powerful ecosystem expertise.
ZA Tech is continually trying to companion with new (digital) platforms and different intermediaries unlocking the worth that insurance coverage can supply to their core enterprise while serving to shut the widening insurance coverage safety gaps in Asia.
The SBR Know-how Excellence Awards is offered by Singapore Enterprise Assessment Journal. To view the complete record of winners, click on here. If you wish to be part of the 2024 awards programme and be acclaimed to your firm’s excellent contributions in pursuit of technological innovation, please contact Jane Patiag at [email protected].
