Eicore strengthens presence in Southeast Asia

Eicore Technologies adds two marquee names to its client list in the Vietnamese market.

InSmart Limited Company - a leading Insurance TPA that strives to be recognised as a “one stop service centre” in the insurance industry in Vietnam. InSmart opted for Eicore’s TPA system – HealthX. Given its adoption by some of the leading insurers and TPAs globally, HealthX met the majority of the requirements of InSmart and also enabled seamless integration with external entities right out of the box.

Dai-ichi Life Insurance Vietnam - a subsidiary of Dai-ichi Life Group that has consistently remained a market leader in Vietnam in terms of capitalisation and premium underwritten throughout its 12 years of operations. Dai-ichi Life Vietnam sought a standalone system that could help adjudicate both health and life insurance claims. The decision to opt for Eicore’s HealthBuzz (HB) insurance management software was made as HB addressed most of the business challenges envisaged with the help of the powerful product configurator built-in, the customisable workflows and the short implementation cycle.

According to the Asian Development Bank’s Development Outlook of 2019, Vietnam’s GDP is touted to grow at 6.7%. As per the the country's Insurance Supervisory Authority (ISA), Vietnam’s insurance sector seeks to sustain a growth rate of 18.42 percent this year. In a growing economy like Vietnam, having the right digital infrastructure is crucial for insurance organisations. 

This move further strengthens Eicore’s presence in the South & Southeast Asian Market as a leading choice for insurance organisations in emerging markets. The year 2020 has been envisioned as the year of expansion for Eicore, with a strong focus on further strengthening presence in Asia and expanding deeper into Africa and the Middle East.

Eicore’s products and services are designed keeping in mind the dynamic needs of the insurance ecosystem, with a laser-sharp focus on providing end-to-end functionality.

About Eicore Technologies                          

Both old and new Insurance organisations are looking at digital as the way forward and Eicore Technologies has emerged as a leading provider of software solutions for insurance companies around the world. 

At a time of rapid change in the industry landscape and mounting competition and customer expectation, products & services by Eicore empower insurers to compete by creating the digital infrastructure needed to move faster and connect more effectively with their customers and distribution partners.

Headquartered in New Delhi, India, Eicore has clients in 3 continents across Asia, Africa and Oceania and representative offices in Hong Kong. Eicore has an extensive distribution network that includes PwC as a global partner along with a bevy of country-specific partners.

Some of the most globally trusted names in Insurance rely on Eicore to meet the digital needs of their businesses.