Tuesday, 18 March 2025
26.7 C
Singapore
26.8 C
Thailand
21.5 C
Indonesia
26.1 C
Philippines

DXC Technology helps Allianz PNB Life issue insurance policies in five minutes

DXC Technology partners with Allianz PNB Life, reducing product launch times by 30% and enabling policies to be issued in five minutes.

DXC Technology, a Fortune 500 global technology services provider, has partnered with Allianz PNB Life, one of the Philippinesโ€™ top life insurers, to enhance its digital capabilities. Through this collaboration, Allianz has reduced its product launch time by 30% and can now issue insurance policies in just five minutes, a significant improvement from the previous wait of several days.

Six-month transformation for faster service

Within just six months, DXCโ€™s team of engineers and industry experts integrated 12 different systems at Allianz PNB Life. This integration modernised the insurerโ€™s core operations, introducing a secure, cloud-based infrastructure that enabled quicker service delivery and improved efficiency.

โ€œThis six-month project set an internal record at Allianz PNB Life for a core system implementation that was both on time and on budget,โ€ said Teh Kim Leng, Regional Chief Operating Officer, Allianz Asia Pacific. โ€œWe are already experiencing increased service levels, and customers are receiving policy contracts within minutes instead of days. While speed is important, we are also committed to ensuring our customersโ€™ data is safe and secure, and DXC is our trusted partner in doing just that.โ€

Cloud-based solution driving digital efficiency

A key part of the transformation was the implementation of DXCโ€™s Assure Integral, a comprehensive cloud-native policy management software. Integrated into Allianzโ€™s digital infrastructure, the solution is built on DXC Assure Cloud, powered by Amazon Web Services (AWS). The technology helps Allianz launch new products more quickly, issue policies faster, and enhance the overall customer experience.

The insurance sector is data-intensive, relying on large volumes of information for risk assessment, premium calculations, and claims processing. DXCโ€™s Assure platform addresses this need by providing advanced data management and security features that align with Allianzโ€™s stringent standards.

โ€œWith over one billion policies on our platform, and 10% of the worldโ€™s premiums processed through our systems, DXC today serves 21 out of 25 of the worldโ€™s leading insurance companies,โ€ said Ray August, managing director of Insurance Software & BPS at DXC Technology. โ€œOur partnership with Allianz demonstrates how working alongside the right partner can produce meaningful results.โ€

Regional outlook and future potential

In Asia Pacific, insurers are prioritising IT investments to stay competitive and enhance security. โ€œAbout a quarter of DXCโ€™s IT budgets in Asia Pacific are dedicated to new system implementations, and APAC insurers cite IT cost reduction, competitive advantage, cybersecurity, and data protection as key to their growth in 2025,โ€ said Max Ang of Celent, a leading research firm focused on technology for financial institutions.

DXCโ€™s Assure Integral is highlighted as a key cloud-native solution for insurers in the region. Its successful deployment at Allianz PNB Life serves as a model for other insurance companies aiming to speed up digital transformation and improve customer service.

Hot this week

Meta tests in-house AI chip to reduce reliance on Nvidia

Meta is testing an in-house AI chip for training models to cut costs and reduce reliance on Nvidia. The chip is currently in a trial phase.

OpenAI pushes for clear copyright rules in AI development

OpenAI urges the US government to protect AI training under "fair use," sparking debate over copyright laws and AI development.

AI startup Sesame unveils base model for its voice assistant

AI startup Sesame has released CSM-1B, the base model behind its voice assistant Maya, raising concerns over voice cloning risks and safeguards.

Sandmarc launches 10x optical zoom lens for iPhones, leaving Android users amused

Sandmarc launches a 10x optical zoom lens for iPhones, enhancing long-range photography while amusing Android users already using this feature.

NTT DATA boosts India’s digital future with major AI and infrastructure investments

NTT DATA boosts India's digital future with AI expansion, MIST cable launch, and Indiaโ€™s largest data centre campus, driving innovation and connectivity.

Nominations open for 4th edition of Singapore 100 Women in Tech Awards

Nominations for the 4th Singapore 100 Women in Tech Awards are open, celebrating women in tech. Submit nominations by 30 April 2025.

IT leaders accelerate AI PC adoption despite security and infrastructure concerns

A new AMD and IDC survey reveals that 82% of IT leaders plan to adopt AI PCs by year-end, despite security and infrastructure concerns.

Samsung to launch Galaxy A56 5G and Galaxy A36 5G in Singapore on 28 March

Samsung will launch the Galaxy A56 5G and A36 5G in Singapore on 28 March 2025, featuring AI tools, upgraded cameras, and exclusive launch promotions.

Airwallex partners with Discover Global Network to expand payment options

Airwallex partners with Discover Global Network, allowing merchants to accept Discover and Diners Club International cards, reaching 345 million cardholders.

Related Articles