Peak3, an AI-based software solutions provider, has partnered with EaZy Digital to drive digital transformation within the insurance sector in Thailand. This collaboration aims to revolutionize how insurers and intermediaries operate by implementing an integrated digital framework.
The primary goal of this partnership is to connect core policy administration with distribution functions, ultimately enhancing operational processes and data flow across all insurance activities. Peak3’s cloud-based platform, known for its scalability, will support insurance operations from underwriting to claims handling.
EaZy Digital, on the other hand, will bring its expertise in front-end tools to the table, focusing on distribution, commission management, and sales performance tracking. Harprem Doowa, the founder and CEO of EaZy Digital, expressed excitement about the potential of merging Peak3’s core systems with EaZy Digital’s distribution solutions. Together, they aim to help insurers achieve higher levels of transparency, efficiency, and innovation in their operations and customer engagement strategies.
The combined offering will enable insurers to seamlessly link core functions with their distribution channels, facilitating real-time data transfer from underwriting all the way to commission payments. Additionally, insurers will have the flexibility to adapt compensation models, gain insights into sales performance, and enhance user experiences for agents and customers through a connected digital framework.
An essential objective of this partnership is to streamline operations and reduce the time required to launch new insurance products to market. The collaboration initially took off with a project in Vietnam, where EaZy Digital’s platform was integrated with Peak3’s core Graphene system. This successful venture has paved the way for Peak3 to expand its presence in Asian markets and drive further developments in digital insurance solutions.
Arun Sangwan, Peak3’s APAC commercial head, emphasized the transformative impact of combining their intelligent insurance core platform with EaZy Digital’s distribution capabilities. This partnership underscores their commitment to supporting the Thailand insurance industry with adaptable, data-driven digital solutions.
The article “Peak3 and EaZy Digital partner to digitalize insurance sector in Thailand” was originally featured on Life Insurance International, a GlobalData-owned brand.
Please note that the information provided in this article is intended for general informational purposes only. It is advisable to seek professional advice before making any decisions based on the content presented.
