KUALA LUMPUR: KGiSL Technologies, a leading enterprise software provider, recently unveiled its AI-powered core insurance platform NSure at the exclusive NSure Connect event in Malaysia.
NSure is an advanced, AI-driven, data-centric platform that optimises insurance operations, from initial quotes to claims processing, while offering seamless omnichannel engagement.
Equipped with cutting-edge AI capabilities and powerful data analytics, NSure is poised to revolutionise both insurance and takaful operations by enhancing efficiency.
The platform delivers AI-powered solutions that streamline processes, provide real-time insights, and elevate the customer experience, setting a new standard for the industry's future.
The NSure Connect event, held in partnership with IBM and Oracle, attracted top executives from leading global insurance and takaful organisations.
Prassadh Shanmugan, director and chief executive officer of KGiSL, said that with NSure, the company is unlocking a new frontier in the insurance sector through AI innovation.
"By harnessing the power of data and AI, we are enabling insurers to revolutionise customer experiences, drive business agility, and gain a competitive edge.
"Our commitment to innovation and customer-centricity is transforming the industry, and we are proud to be at the forefront of this change," he said in a statement.
Speaking at the event, IBM APAC smarter process business unit executive Kuah Ann Thye said IBM is committed to advancing AI and business automation, and its partnership with KGiSL Technologies is a testament to that vision.
"Together, we are driving efficiency and transforming industry standards.
"The Nsure project exemplifies how our collaboration can streamline complex business processes and decisions and reshape the future of the insurance and takaful industries in Malaysia," he noted.
Oracle, a key sponsor of the event, has partnered with KGiSL since 2017. As a member of the Oracle Partner Network (OPN), KGiSL has implemented mission-critical insurance applications on Oracle Cloud Infrastructure (OCI), utilising Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) to ensure top-tier performance, security, and regulatory compliance.
NSure harnesses the power of AI to automate routine tasks, detect and prevent fraud, and enhance decision-making with real-time, data-driven insights. This enables insurers to operate more efficiently, reduce risks, and deliver faster, more accurate decisions, significantly improving overall business performance.
Designed to serve both conventional and takaful markets globally, NSure is a game-changer in insurance technology, offering unmatched scalability, flexibility, and AI-powered innovation.