Tune Protect Malaysia Leads the Way in Digitalisation with First-of-Its-Kind Insurance Core System

  • Tune Protect Malaysia continues its digitalisation journey as the first insurer to leverage SAP for its core system hosted on cloud in Malaysia.
  • Together with SAP Malaysia, Serole Technologies and Huawei Malaysia, Tune Protect Malaysia aims to enhance customer experience further with the new go-cloud innovative core system.

KUALA LUMPUR, 1 June 2023 – Tune Protect Malaysia (“Tune Protect”), the Malaysian General Insurance subsidiary of Tune Protect Group Berhad, made a giant leap to be the nation’s first to leverage SAP insurance core and core on the cloud, to replace its legacy general insurance core system. The implementation of the new core system is a key component of Tune Protect’s continuous efforts in its digital transformation journey to enhance customer experience further.

Partnered with SAP Malaysia, Serole Technologies and Huawei Malaysia, the new system, which went live from October 2022, is a configurable general insurance core system that leverages cloud technology to provide faster and more efficient service to its customers.

“As a digital insurer, we have never stopped the technology innovation to digitally empower our customers. We are proud to be the first in Malaysia to leverage SAP Insurance core and core on the cloud, and this newly implemented insurance solution represents a major milestone for Tune Protect Malaysia. It creates a springboard from which we can quickly deliver new products and services to our customers,” said Jubin Mehta (“Jubin”), Chief Executive Officer of Tune Protect Malaysia. “We look forward to leveraging this technology to provide our customers with an even better experience.”

The core system streamlines policy processing and claims cycles through workflow simplification and automation. This aligns with Tune Protect’s 3:3:3 customer commitment, ensuring quick insurance purchases, responses, and claim payments for a seamless customer experience. Improved digital insurance capabilities and innovative products contribute to this. Furthermore, the core system reduces time-to-market and supports speed-to-market innovation, enabling Tune Protect to outpace competitors and respond promptly to customer demands in a highly competitive industry with evolving needs and regulations.

“Deploying the central system on the cloud reduces the operational complications for the internal technology team, enabling them to focus on delivering greater business value instead of dealing with physical infrastructure setup. Implementing the new SAP-based core system facilitates the effective management of our current product range while introducing fresh offerings, leading to value creation across various fronts,” said Prasanta Roy, Chief Technology Officer of Tune Protect.

“Additionally, it contributes to a comprehensive overhaul of data management, enabling a complete transformation from the front-end to the back end. The core system transformation, combined with our existing digital capabilities, will expedite the delivery of a cohesive customer experience across a wide array of products and services,” added Prasanta.

The new core system also includes various modules such as policy, claims, product and quote, reinsurance management, and finance operations. This supports Tune Protect in streamlining workflows and represents a significant advancement in its ongoing digital transformation journey. The result is improved efficiency and enhanced customer service.