Key insurance executives come together to discuss new trends

GrayMatter Software Services and Global Business Counselling ( GBC) jointly conducted an event for key executives from the insurance industry recently at the Hilton Colombo Residences, in Sri Lanka.

The attendees were C-Suite officers and senior IT/ PMO personnel from Top Tier Insurance companies in Sri Lanka, such as AIA, Amana Takaful, Janashkathi, Union Assurance ( UAL), UAG ( now FairFirst), HNB Assurance, NITF and the Leadership Teams of the Insurance Association of Sri Lanka (IASL) and the Sri Lanka Insurance Institute (SLII).

Experts from GrayMatter presented insights on new trends in the insurance industry including mobility, big data, analytics, IoT, social media, usage based pricing, gamification of process, peer- peer insurance, cyber insurance, the organisers said in a media release.

The occasion was also an opportunity to raise a toast to the successful implementation of Insurance Analytics (IA+) solution at AIA Sri Lanka and Amana Takaful Sri Lanka as well as to celebrate the second anniversary of the fruitful business partnership between GrayMatter and Global Business Counselling.

Fazal Ghaffoor, CEO, Amana Takaful, shared his thoughts on the IA+ implementation, referring to the initiative as "transformational" and stating that "It has been a great enabler, for us it has been a great experience, it has turned the whole tide". He expressed his satisfaction that Amana Takaful, as the first adopter in Sri Lanka, had made great strides since implementation of the IA+ Solution and joked that it was to their competitive advantage as they were ahead of the game in embracing advanced analytics.

Chandri Gunawardhana, founder & CEO of Global Business Counselling, summed up the occasion, stating that "GrayMatter has delivered on its promises to the insurance industry of Sri Lanka with their advanced technology. Today we celebrate 2 years of successful partnership. I would like to take this opportunity to reiterate that great successful partnerships can only be completed with great clientele, and I thank you for placing your trust in GrayMatter and Global Business Counselling".