Project Phoenix helps HNB General Insurance make strategic leap

Monday, 22 January 2024 00:00 - - {{hitsCtrl.values.hits}}

HNBGI CEO Sithumina Jayasundara and Azentio Software Vice President of BFSI Jatinder Bedi along with officials from both teams during the MoU signing for Project Phoenix

In a bold move to accelerate its digital transformation, HNB General Insurance (HNBGI) has announced the launch of Project Phoenix, a strategic initiative in collaboration with Azentio Software to implement a world-class Core Insurance System.

This ambitious project marks a significant milestone in HNBGI’s digital transformation journey, promising unparalleled value to its stakeholders.

Project Phoenix signifies HNBGI’s unwavering commitment to enhancing efficiency, accuracy, and overall operational effectiveness, ultimately benefiting all stakeholders.

“This initiative aligns perfectly with our mission to create sustainable value through innovation,” said HNBGI CEO Sithumina Jayasundara. “The upgrade and customisation brought about by Project Phoenix will propel us to new heights, elevating our competitiveness, operational efficiency, accuracy and agility in a rapidly evolving market. This, in turn, translates to better service delivery for our customers.”

Azentio Software, a leading banking, financial services and insurance (BFSI) software company headquartered in Singapore, is HNBGI’s trusted partner in this transformative journey. With over 25 years of expertise, Azentio serves 1,000+ clients across 65 countries, including 130+ insurance clients in Asia Pacific, the Middle East, and Africa. Azentio ONEInsurance platform allows to launch unique and bold new insurance products quickly, sell aggressively, and engage digitally by transforming into a customer-obsessed organisation, while remaining efficient, compliant, and secure.

Azentio Software Vice President – BFSI Jatinder Bedi said: “We are honoured to collaborate with HNBGI on Project Phoenix. Our expertise lies in providing cutting-edge insurance solutions that meet the highest global standards, and we are committed to supporting HNBGI throughout this transformative journey.”

Project Phoenix transcends mere technological advancement; it signifies a strategic commitment to excellence in the face of rapid industry change. As HNBGI embraces its digital future, it remains steadfast in its dedication to delivering top-tier services and maintaining its position as a trusted insurance provider. This initiative is not just about implementing a new system; it’s about taking flight towards a brighter, more efficient, and customer-centric future.