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SINGAPORE, March 1, 2023 - Azentio Software, a Singapore-headquartered technology firm owned by funds advised by Apax Partners, was announced proud winner at the 8th edition of InsureTek Golden Shield Excellence Awards.
The award ceremony was held as part of the annual InsureTek Middle East International Conference 2023, which took place on 22 & 23 February at Address Marina, Dubai in UAE. This prestigious accolade recognizes the company’s flagship insurance platform - Azentio ONEInsurance as a state-of-the-art technological breakthrough bringing modularity and powerful innovation to life.
Representing Azentio, Harkaran Singh - Sr. Vice President Insurance - MENA and other team members, took the stage to receive the ‘Best Technology Partner for Digital Transformation’ trophy for exhibiting outstanding performance in the industry over the past year. This is the second year in a row for Azentio to claim InsureTek’s distinguished award after receiving ‘The Core Transformation Leader of The Year’ award in 2022. Azentio ONEInsurance platform helps insurance companies conform to regulatory requirements, provide the best customer experience, while enabling scalability and speed to market.
Krish Narayanaswami, Managing Director - Banking, Financial Services, and Insurance at Azentio, commented, “We are honoured to win this prestigious award for the second time in a row. This recognition is an endorsement of Azentio ONEInsurance product being valued by our clients, as it caters to the insurance market needs of digital transformation.”
Azentio’s next-gen insurance platform provides end to end automation across new business, underwriting, policy serving, claims processing and reinsurance; It helps expedite new insurance product launches via business driven configuration and user centric design; as a result system dramatically improves customer experience.
Over 250+ leading insurers across the globe have adopted Azentio’s insurance suite to upgrade their businesses. Azentio has built an end-to-end, innovative platform catering to all insurance verticals across General Insurance, Health Insurance, Life Insurance & Pensions.
According to InsureTek panel of judges, "This award particularly recognizes the commitment and professionalism of Azentio's operational staff in delivering value for their clients, and investing in innovative technology in what continues to be a constantly challenging environment."
Azentio ONEInsurance is a scalable and robust cloud-based platform, deployed with seamless API integration with external systems and powerful configuration capabilities to meet the specific business needs of both insurers and customers.
About InsureTek Middle East 2023
The Middle East’s largest insurance event, InsureTek is an annual gathering of brokers, insurers, technology service providers, and insurance entrepreneurs, offering an unmatched platform to network with like-minded professionals and engage in meaningful discussions on the latest industry trends.
InsureTek Golden Shield Excellence Awards 2023 recognize and celebrate innovation and thought leadership. It honors as well pioneering individuals and organizations that have exhibited outstanding performance in the industry.
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A leading Japanese non-life Insurance service provider has chosen Premia’s™ eCargo web portal, claims mobile application, and motor mobile application, part of Premia’s™ digital solutions to strengthen its operations in Egypt.
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3i Infotech Limited, a global information technology company, today announced that it has entered into a definitive agreement to sell its Software Products business to funds advised by Apax Partners, for a total consideration of INR 10 billion.
Azentio Software (“Azentio“), a Singapore-based software products company owned by funds advised by Apax, is delighted to announce the appointment of Sanjay Singh as its new Chief Executive Officer. This strategic move marks
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, and Nityo Infotech, a global IT services company, today announced a formal partnership aimed at providing innovative and comprehensive technology solutions to the Banking, Financial Services & Insurance (BFSI) industry.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that it been recognized as a Notable Vendor in the Digital Banking Engagement Platforms (DBEPs) Landscape Report, Q1 2023, published by leading research and advisory firm Forrester. The report aims at helping digital leaders in banking, understand the value they can expect from a DBEP vendor, learn how vendors differ, and select one based on size and market focus.
We are excited to announce that SICOM GIN, has successfully gone live with the Azentio Health Insurance platform along with the mobile application to digitalize its health insurance business.
We are excited to announce that the NIC General Insurance Co. owned by the Government of Mauritius has gone live with Azentio Insurance suite to manage its general insurance business along with the agent portal.
We are excited to announce that Shinhan Life Insurance Vietnam (SHLV), a life insurance subsidiary of Shinhan Financial Group, Korea has gone live with its website and Azentio’s end-to-end bilingual digital solution in just three months.
Azentio Software is pleased to announce that its Middle East Banking Division has been appraised at Level 5, the highest maturity level of the CMMI Institute’s Capability Maturity Model Integration (CMMI)® for New Product Release and Implementation.
A leading Takaful insurance company headquartered in Kuwait, selected Azentio’s Core Insurance platform for general, health and group life insurance business as part of a 10-year subscription deal, along with other digital applications including CRM, B2B Portal, IFRS 17 Accelerator to drive digital transformation across all business areas.
The award was presented during the InsureTek Middle East 2022 International Conference and Golden Shield Excellence Awards ceremony, at the Address Dubai Marina, UAE, on February 9 &10.
Sanlam Vie Plc, Rwanda has gone live with Azentio Insurance’s enterprise document management system in a years’ time. The Data Scan Online Solution has helped the client digitalize their operations using an in-built workflow process across all lines of business including claims, underwriting, accounts, commercial, agent licensing, legal and human resources.
Azentio Software is proud to announce the successful implementation of Insurance Authority’s data submission requirement for 10 insurers in UAE. The regulation seeks a trusted digital environment throughout the UAE with additional upgrades and improvements on the cards to facilitate this vision.
Path Solutions, a leading Islamic technology provider, recently acquired by Azentio Software, was ranked highly and named a winner in three categories among top firms worldwide at the recently held Faster Community’s Fintech Prize 2021 on December 1st via a virtual ceremony.
The client is an existing user of Azentio’s globally acclaimed Insurance Solutions Suite and chose Azentio Insurance’s B2B Portal for agents to meet their current set of challenges.
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds managed by Apax Partners, announced today that National Bonds, the UAE’s leading Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has selected Azentio’s market leading Islamic Banking solution, iMAL, to support its quest to improve process efficiency, enhance internal controls and deliver an exceptional customer experience as part of National Bonds ambitious growth strategy.
A leading Life Insurer in Thailand has gone live with Azentio Insurance’s document management system in September 2021. The client is an existing user of Azentio Insurance’s group life core solution – a dynamic, bilingual advanced application with innovative process automation features and a proven track record of benefitting life insurers globally.
A leading insurer in Thailand has gone live with Azentio™ Insurance’s digital policy servicing and digital claims transactions solutions helping bring basic automation and ensuring their team can perform their daily operations from home during the pandemic.
Shinhan Life Insurance, Vietnam (SHLV), a life insurance subsidiary of Shinhan Financial Group, Korea chooses Premia’s™ end-to-end bilingual web portal solution. The digital front-end is an interactive insurance solution helping insurance companies increase cost savings and sales capabilities.
A leading insurer in Philippines, has selected Premia™ Astra, an end-to-end integrated solution built on contemporary technology. Implementing the solution will help the insurer deliver better quality products and services and engage strongly with their customers.
A leading Japanese non-life Insurance service provider has chosen Premia’s™ eCargo web portal, claims mobile application, and motor mobile application, part of Premia’s™ digital solutions to strengthen its operations in Egypt.
Azentio is pleased to announce the signing of a binding agreement to acquire certain software assets from Path Solutions (including the flagship products iMAL™, iShraq™, Path Digital and Path Analytics), a leading provider of core banking software.
Romil Turakhia, Head of Markets at Azentio in conversation with the team from Co Mantis, our partner in Europe.
Apax Partners–backed Azentio flags Asia, MEA as key markets for organic growth, bolt-on
Azentio Software is pleased to announce that it has signed a binding agreement to acquire Beyontec, a leading insurance technology company.
Azentio Software is pleased to announce that it has acquired Candela Labs, a technology firm specialising in automation and digital solutions for insurance firms.
Azentio Software (“Azentio” or the “Company”), a Singapore-headquartered software products business owned by Funds advised by Apax, is pleased to announce that it has appointed Tony Kinnear to the role of Chief Executive Officer (CEO), effective immediately.
3i Infotech Limited, a global information technology company, today announced that it has entered into a definitive agreement to sell its Software Products business to funds advised by Apax Partners, for a total consideration of INR 10 billion.
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