PAC Total Solutions Sdn Bhd, a member of HeiTech Padu Bhd, expects to attract a bigger slice of the Malaysian insurance market with its partnership with Danish insurance provider, TIA Technology A/S as announced on November 14, 2007.
PAC chief executive officer, Eric Loo, said the company has selected to partner TIA Technology because of its proven record in innovating solutions that were effective and could help lower costs of ownership for insurers.
“With the partnership we will be able to strengthen our business presence, initially, in Malaysia and other Asian markets such as Singapore, Indonesia and Thailand,” he said.
Under the agreement, PTS will market and implement TIA Technology’s flagship product called, TIA Solution, not only in Malaysia but throughout Asia.
TIA Solution is a modular integrated core insurance solution that manages the entire insurance processes that has since been successfully adopted in 45 insurance companies in over 20 countries.
