TAIPEI, Oct. 11, 2023 /PRNewswire/ — In a groundbreaking move, TPIsoftware, the market leader in digital transformation software technology, is set to build a new generation core system for Shin Kong Property Insurance Agency (SKPIA) within the coming year. This collaboration marks a pivotal moment in Taiwan’s insurance sector, as SKPIA becomes the first agency to invest in core system transformation, underscoring the company’s dedication to fintech and digital advancement. Implementing TPIsoftware’s microservices framework "InsureBrick: InsurTech Modular Platform" tailored for the insurance industry, the new core system will integrate diverse business operations within SKPIA, including modules to manage deposit, commission, performance analytics, insurance policy, products, customer relations, channels, etc. The new system is designed to boost operational efficiency and flexibility for SKPIA, revolutionizing its insurance services.

The microservices platform "InsureBrick" built by TPIsoftware empowers insurance providers to act swiftly to the dynamic market demands. "InsureBrick" encompasses 28 modules, ranging from customer, product and insurance policy management to underwriting, premium calculation, payment and more. These modules can be flexibly combined, allowing insurance agents to customize services based on roles and requirements. By leveraging microservices, the system enables packages of smaller and independent services, which optimizes resource utilization and system performance while reducing product development time with faster go-to-market to further deliver seamless customer experience. The new generation core system is expected to streamline the application process across channels and enhance administrative efficiency. Moreover, with split frontend and backend architecture and responsive web design (RWD), the system allows insurance agents to respond to customer needs anytime, anywhere simply through mobile devices.

David Huang, Chairman and President at SKPIA, said, "As the benchmark in the insurance agency sector, we have been serious about selecting a reliable partner to work with, and TPIsoftware’s extensive experience in building core systems for the BFSI sector is what we are looking for."

"We aim not only to enhance the digital capabilities of SKPIA but also to better serve our customers," added David Huang, "and we are confident that we can achieve unprecedented business milestones with the new system."

"As the leading digital transformation enterprise software provider in Taiwan, TPIsoftware exemplifies unparalleled expertise in Insurtech," stated Ben Yao, CEO of TPIsoftware, "We believe this collaboration will help SKPIA catalyze the industry’s digital transformation journey, and ultimately deliver greater value to customers."

Source : TPIsoftware Spearheads Digital Transformation for Shin Kong Property Insurance Agency with Its Innovative Insurance Microservice Middle Platform InsureBrick

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

TAIPEI, Oct. 11, 2023 /PRNewswire/ — TaiGen Biopharmaceuticals Holdings Ltd. ("TaiGen") announces that TaiGen Biotechnology, a subsidiary company of TaiGen, have signed an exclusive licensing agreement with Y.S.P. Industries (M) Sdn. Bhd. to develop and commercialize TaiGen’s new drug in Malaysia and Singapore.

TaiGen indicates that the agreement involves the development and marketing rights of the new drug in Malaysia and Singapore. Y.S.P. Industries (M) Sdn. Bhd. will be responsible for the New Drug Application (NDA) and market sales within the authorized region. The contract duration starts from the signing date and lasts for 20 years from the initial product sale.

Kuo-Lung Huang, Chairman and Chief Executive Officer of TaiGen, said, "The YSP Group has deep roots in Taiwan, and its subsidiary, Y.S.P. Industries (M) Sdn. Bhd., boasts over 30 years of outstanding experience in pharmaceuticals, drug development, and sales in Malaysia and Singapore. In collaboration with Y.S.P. Industries (M) Sdn Bhd., TaiGen is now expanding into the Southeast Asia market, offering a new selection of medication to meet the local medical needs. This partnership marks another significant milestone for TaiGen in terms of licensing its product overseas."

Both parties, in consideration of the competitiveness of the pharmaceutical market and concerns about proprietary information, currently refrain from disclosing the name of the new drug.

About YSP Industries (M) Sdn. Bhd.

Y.S.P. Industries (M) Sdn. Bhd. is a wholly-owned subsidiary of Malaysia-listed company Y.S.P. Southeast Asia Holding Berhad ("YSPSAH") (Stock code: 7178.KL). With over 30 years of expertise in pharmaceutical manufacturing, development, and marketing, YSPSAH also owns pharmaceutical warehousing and logistics facilities. It boasts a diverse product portfolio of more than 800 items, including prescription drugs, over-the-counter medicines, animal and aquaculture pharmaceuticals, traditional formulations, and medical health-related products. Its market presence spans across Southeast Asia, Africa, and Middle Eastern countries. The company’s products are distributed through 120 hospitals, 4,500 clinics, 1,450 pharmacies, and 500 Traditional Chinese medicine clinics.

About TaiGen Biotechnology Co. Ltd.

TaiGen Biotechnology, with a subsidiary in Beijing, China, was founded in 2001 and became listed on the Taiwan OTC Stock Market in 2014. TaiGen is a fully-integrated pharmaceutical company dedicated to the development of innovative small molecule drugs (New Chemical Entity, NCE) with a focus on anti-infective drug research. It has extensive experience in research topic selection, drug discovery, drug development, and regulatory approval. The company possesses the capability to conduct multi-country, multi-center clinical trials and has a track record of overseas licensing. Its flagship product, non-fluorinated quinolone antibiotic Taigexyn® (Nemonoxacin), has obtained marketing approvals in Taiwan, mainland China, and Russia. The influenza antiviral TG-1000 has completed the phase II clinical trial and out-licensed the development and commercialization rights in mainland China.

Source : TaiGen Enters Exclusive License Agreement with YSP

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Research affirms that smarter, simpler, and secure technology is what matters for microbusinesses[1] in mitigating business challenges

News Highlights 

Across the Southeast Asian markets of Malaysia, Indonesia, Thailand, and the Philippines, 77% of microbusinesses view technology as critical in helping mitigate business challenges. But over 70% also fear growing complexity of keeping up with technology and rising security threats, with Gen Z and baby boomers showing greatest fear and doubt over technology ROI. Gen X in Malaysia also show concern with 42% emphasizing cost of technology investment. Despite this generational difference, more than 8 in 10 (85%) microbusinesses are using smartphones and tablets to run their business, and 59% are currently using printers.

KUALA LUMPUR, Malaysia, Oct. 11, 2023 /PRNewswire/ — HP has revealed 56% of millennials (27 to 42-year-olds) and 55% of Gen X (43 to 58-year-olds) strongly believe that adopting technology for business is a smart choice for the future. But findings from the HP Smart Where IT Matters Study[2], show a generational gap is apparent, as Gen Z microbusiness owners now sit alongside baby boomers in displaying high levels of doubt and resistance to technology adoption in the Asian markets of Malaysia, Indonesia, Thailand, and the Philippines.

Across the region, 77% of microbusinesses view technology as critical in helping mitigate business challenges. In Malaysia, 54% of millennials see technology adoption as a customary to success, and 57% of Gen X view it as crucial for securing their future business endeavours. However, this enthusiasm for technology is met with scepticism within certain demographic groups.

Regionally, 69% of baby boomers (59 years and above) see no clear benefit or return from investing in technology and 57% of Gen Z (19 to 26-year-olds) expressing similar doubts on the benefits of technology investments.

Mirroring this pattern, 70% of baby boomers and 58% of Gen Z in Malaysia, echo this sentiment. Surprisingly, even 42% of Gen X locally express concern about cost considerations in their technology investments citing challenges linked to heightened competition, rising expenses, and tight cash flow conditions.

The study conducted by research firm Kantar and commissioned by HP, surveyed approximately 1,200 microbusiness owners to explore the dynamics of technology adoption in Southeast Asia.

The study findings suggest that for microbusinesses to thrive in the digital age, Gen X and Millennials must take the lead to dispel lingering technology fear uncertainty and doubt. Over 70% of all microbusinesses fear the complexity and security of new emerging technologies, which highlights the prevailing challenge that business owners face when considering new investments.

"HP recognises the vital importance of thriving microbusinesses to the growth of Malaysia’s economy. Microbusiness owners want to beat the competition, grow customers and revenue, be more efficient with time and money, so technology cannot be complex and intimidating. Technology simply has to work, be seamless, secure, and today it must also be sustainable," said Alex Tan, Managing Director of HP Inc, Malaysia. "HP is committed to building technology that is smart where it matters most and builds trust while empowering businesses of all generations and sizes to thrive in the emerging digital economy with confidence and ease."

Simple and Smart Overcome Fear and Doubt

While doubts remain, they have not stopped microbusinesses making the most of technology where the ROI has been clear and obvious. One key finding showed that 85% of microbusinesses in the region use smartphones and tablets to run their business, with 59% using printers for business.

HP has ensured the same level of technology convenience and simplicity with its recently launched HP Smart Tank 700[3] and 500 Series printer[4]. The HP study also highlights how business owners across Southeast Asia value simple smarts with 55% citing the ability to print and scan directly through mobile as a highly valued feature, while 56% value the ability to scan documents and share instantly on the cloud.

"Technologies like the HP Smart Tank and HP Smart App remove complexity by providing a smart print experience that works from anywhere, anytime, any device. In light of today’s business owner priorities, the ability to provide seamless, smart and sustainable printing on the go with high capacity and performance, can be critical to the smooth running of fast-growing microbusinesses everywhere," added Tan.

In Malaysia, microbusinesses seek a printer that is both convenient and cost-effective.

55% of business owners prioritize the capability to scan documents and instantly share them on the cloud for enhanced convenience. 52% of business owners value the ability to print documents whenever necessary. 49% of business owners highly value the ability to print and scan directly from mobile devices. 47% emphasize the importance of printing speed, which helps boost workflow efficiency. 26% of microbusiness owners prioritize low operational and maintenance costs, aligning with a budget-conscious approach.

HP Smart Tank is an example of a simple, no-fuss technology that helps businesses overcome prevailing fear uncertainty and doubt. Tailored for microbusinesses, HP’s Office-In-A-Box addresses need with affordable, customizable solutions featuring printers, laptops, and Poly’s hybrid-ready peripherals, and enjoy savings of up to RM5,000. 

HP’s belief is that or microbusinesses especially, technology matters most to them when it can be trusted to operate seamlessly – providing a no-fuss experience that just works; trusted to perform for a better business – deliver reliable performance as promised with security; and trusted for a better planet – drive a sustainable business and lifestyle.

For more information on the HP Smart Tank Series Printers and the HP Smart App, click HERE.

[1] Defined as businesses with an employee size of 10 and below

[2] Methodology: HP commissioned an online survey managed by Kantar that fielded between 19 July to 9 August 2023, in 4 countries: Malaysia, The Philippines, Thailand and Indonesia. HP surveyed 1,230 respondents in total, with business owners of companies that have 10 or less employees (~300  each country).

[3] Compared to OEM printing apps for the majority of top-selling, network-capable inkjet/laser printers and all-in-ones for the home and office, priced ≤450 USD. Printers selected by market share as reported by IDC Quarterly Hardcopy Peripherals Tracker – Final Historical CYQ4 2021. Claim based on research of printer manufacturer’s print apps and Keypoint Intelligence hands-on testing and study commissioned by HP, July 2022. For details, see keypointintelligence.com/HPSmartApp.

[4] Requires the HP Smart app download. For details on local printing requirements see hp.com/go/mobileprinting. Certain features/software are available in English language only and differ between desktop and mobile applications. Subscription may be required; subscription may not be available in all countries. For details, see: hpsmart.com. Internet access required and must be purchased separately.

About HP
HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com.

Media Contacts

Liveina Kumar

[email protected]

Chloe Cao

[email protected]

Hani Elena

[email protected]

 hp.com/go/newsroom

Source : HP Study: Millennials and Gen X Leading Tech Adoption in Microbusinesses

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Research affirms that smarter, simpler, and secure technology is what matters for microbusinesses[1] in mitigating business challenges

News Highlights

Across the Southeast Asian markets of Indonesia, Malaysia, Thailand, and the Philippines, 77% of microbusinesses view technology as critical in helping mitigate business challenges. But over 70% also fear growing complexity of keeping up with technology and rising security threats, with Gen Z and baby boomers showing greatest fear and doubt over technology ROI. In the Philippines, almost 60% of Gen Z and 71% of baby boomers are skeptical of investing in technology for their businesses. Despite this generational difference, more than 8 in 10 (85%) microbusinesses are using smartphones and tablets to run their business, and 59% are currently using printers

MANILA, Philippines, Oct. 11, 2023 /PRNewswire/ — HP has revealed 56% of millennials (27 to 42-year-olds) and 55% of Gen X (43 to 58-year-olds) strongly believe that adopting technology for business is a smart choice for the future. But findings from the HP Smart Where IT Matters Study[2], show a generational gap is apparent, as Gen Z microbusiness owners now sit alongside baby boomers in displaying high levels of doubt and resistance to technology adoption in the Asian markets of Indonesia, Malaysia, Thailand, and the Philippines.

Across the region, 77% of microbusinesses view technology as critical in helping mitigate business challenges. Countering this positive technology sentiment are the 69% of baby boomers (59 years and above) who see no clear benefit or return from investing in technology. Surprisingly, 57% of digital-native Gen Z (19 to 26-year-olds) also share similar doubts on the benefits of technology investments.

Similar to their regional counterparts, almost 60% of Gen Z and 71% of baby boomers in the Philippines are skeptical of investing in technology for their businesses. Additionally, only 36% of Gen Z and 22% of Gen X have a strong belief that technology is one of the key solutions to mitigating business challenges. Meanwhile, over 50% of millennials expressed a strong belief in technology’s relevance in business, with 66% agreeing that adopting technology for business is a smart choice for the future.

The study conducted by research firm Kantar and commissioned by HP, surveyed approximately 1,200 microbusiness owners to explore the dynamics of technology adoption in Southeast Asia.

The study findings suggest that for microbusinesses to thrive in the digital age, Gen X and Millennials must take the lead to dispel lingering technology fear uncertainty and doubt. Over 70% of all microbusinesses fear the complexity and security of new emerging technologies, which highlights the prevailing challenge that business owners face when considering new investments.

"HP recognises the vital importance of thriving microbusinesses to the growth of Philippines’ economy. Microbusiness owners want to beat the competition, grow customers and revenue, be more efficient with time and money, so technology cannot be complex and intimidating. Technology simply has to work, be seamless, secure, and today it must also be sustainable," said Christian Reyes, Managing Director of HP Philippines. "HP is committed to building technology that is smart where it matters most and builds trust while empowering businesses of all generations and sizes to thrive in the emerging digital economy with confidence and ease."

Simple and Smart Overcome Fear and Doubt

While doubts remain, they have not stopped microbusinesses making the most of technology where the ROI has been clear and obvious. One key finding showed that 85% of microbusinesses in the region use smartphones and tablets to run their business, with 59% also using printers for business.

HP has ensured the same level of technology convenience and simplicity with its recently launched HP Smart Tank 700 and 500 Series printers. Both feature the best-in-class[3] HP Smart App[4] that enables full mobile capability that is core to a smarter user experience. The HP study also highlights how business owners across Southeast Asia value simple smarts with 55% citing the ability to print and scan directly through mobile as a highly valued feature, while 56% value the ability to scan documents and share instantly on the cloud.

"Technologies like the HP Smart Tank and HP Smart App remove complexity by providing a smart print experience that works from anywhere, anytime, any device. In light of today’s business owner priorities, the ability to provide seamless, smart and sustainable printing on the go with high capacity and performance, can be critical to the smooth running of fast-growing microbusinesses everywhere," Reyes added.

In the Philippines, microbusinesses seek a printer that prioritizes multi-function capabilities (36%), speed (39%), and a user-friendly interface (41%). HP Smart Tank is an example of a simple, no-fuss technology that helps businesses overcome prevailing fear uncertainty and doubt.

HP’s belief is that for microbusinesses especially, technology matters most to them when it can be: trusted to operate seamlessly – providing a no-fuss experience that just works; trusted to perform for a better business – deliver reliable performance as promised with security; and trusted for a better planet – driving a sustainable business and lifestyle.

For more information on the HP Smart Tank Series Printers and the HP Smart App, click HERE.

[1] Defined as businesses with an employee size of 10 and below

[2] Methodology: HP commissioned an online survey managed by Kantar that fielded between 19 July to 9 August 2023, in 4 countries: Malaysia, The Philippines, Thailand and Indonesia. HP surveyed 1,230 respondents in total, with business owners of companies that have 10 or less employees (~300 each country).

[3] Compared to OEM printing apps for the majority of top-selling, network-capable inkjet/laser printers and all-in-ones for the home and office, priced ≤450 USD. Printers selected by market share as reported by IDC Quarterly Hardcopy Peripherals Tracker – Final Historical CYQ4 2021. Claim based on research of printer manufacturer’s print apps and Keypoint Intelligence hands-on testing and study commissioned by HP, July 2022. For details, see keypointintelligence.com/HPSmartApp.

[4] Requires the HP Smart app download. For details on local printing requirements see hp.com/go/mobileprinting. Certain features/software are available in English language only and differ between desktop and mobile applications. Subscription may be required; subscription may not be available in all countries. For details, see: hpsmart.com. Internet access required and must be purchased separately.

About HP
HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com.

Media Contacts

Liveina Kumar

[email protected]

Chloe Cao

[email protected]

Tish Martinez-Castillo

[email protected]

Source : HP Study: Onus on Millennials and Gen X to dispel Gen Z and baby boomer tech doubts

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

TAIPEI, Oct. 11, 2023 /PRNewswire/ — In a groundbreaking move, TPIsoftware, the market leader in digital transformation software technology, is set to build a new generation core system for Shin Kong Property Insurance Agency (SKPIA) within the coming year. This collaboration marks a pivotal moment in Taiwan’s insurance sector, as SKPIA becomes the first agency to invest in core system transformation, underscoring the company’s dedication to fintech and digital advancement. Implementing TPIsoftware’s microservices framework "InsureBrick: InsurTech Modular Platform" tailored for the insurance industry, the new core system will integrate diverse business operations within SKPIA, including receipt modules, deposit processes, commission structures, performance analytics, policy management, product management, customer relations, channel management, etc. The new system is designed to boost operational efficiency and flexibility for SKPIA, revolutionizing its insurance services.

The microservices platform "InsureBrick" built by TPIsoftware empowers insurance providers to act swiftly to the dynamic market demands in today’s rapidly changing digital landscape. "InsureBrick" encompasses 28 modules, ranging from customer, product and insurance policy management to underwriting, premium calculation, payment and more. These modules can be flexibly combined, allowing insurance agents to customize services based on roles and requirements. By leveraging microservices, the system enables packages of smaller and independent services, which optimizes resource utilization and system performance while reducing product development time with faster go-to-market to further deliver seamless customer experience. The new generation core system is expected to streamline the application process across channels and enhance administrative efficiency. Moreover, with split frontend and backend architecture and responsive web design (RWD), the system allows insurance agents to respond to customer needs anytime, anywhere simply through mobile devices.

David Huang, Chairman and President at SKPIA, said, "We really look forward to the development of the new core system. As the benchmark in the insurance agency sector, we have been serious about selecting a reliable partner to work with, and TPIsoftware’s extensive experience in building core systems for the BFSI sector is what we are looking for."

"We aim not only to enhance the digital capabilities of SKPIA but also to better serve our customers," added David Huang, "and we are confident that we can achieve unprecedented business milestones with the new system."

"As the leading digital transformation enterprise software provider in Taiwan, TPIsoftware exemplifies unparalleled expertise in Insurtech," stated Ben Yao, CEO of TPIsoftware, "In planning the core system, we take the flexibility of cloud migration into account by adopting the microservice middle platform InsureBrick. We believe this collaboration will help SKPIA catalyze the industry’s digital transformation journey, and ultimately deliver greater value to customers."

Source : TPIsoftware Spearheads Digital Transformation for Shin Kong Property Insurance Agency with Its Innovative Insurance Microservice Middle Platform InsureBrick

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

The collaboration will address growing customer demand for embedded insurance solutions for device and appliance protection across Asia Pacific and the United States

SINGAPORE, Oct. 11, 2023 /PRNewswire/ — Allianz Partners, a world leader in B2B2C insurance and assistance services, and bolttech, an international insurtech, today announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific and the United States. The strategic cooperation agreement[1] aims to bring together each company’s complementary strengths to offer best-in-class solutions enabling business partners to add insurance and protection products to customer journeys at the point of need.

The cooperation between Allianz Partners and bolttech will deliver embedded solutions for business partners such as retailers and e-tailers for electronic products and household devices, telecommunication providers, banks, insurers, and original equipment manufacturers (OEMs). The collaboration aims to make it easier and more convenient for customers to purchase protection at the point of need for a range of household products, including mobile and digital devices, and household appliances (white and brown goods).

The complementary strengths of both players will bring a broader range of products and services

Allianz Partners brings its worldwide presence to the cooperation, which includes a strong market footprint across APAC and the United States. Along with the capacity to support the growth of the business, Allianz Partners possesses underwriting expertise and servicing capabilities in appliance protection and a range of other insurance products including travel, mobility, cyber, home insurance and more.

bolttech’s technology and servicing capabilities will combine with Allianz Partners’ strengths to enable the distribution of device protection and other personal insurance products into digital and hybrid customer experiences, fully supported by proven technology, operational and customer service capabilities.

Providing protection for customers in a rapidly growing market

The protection gap continues to exist with global insurance penetration at 7% of GDP (gross domestic product), and penetration is particularly low in Asia with non-life insurance at 2% in 2021, according to Swiss Re research[2]. One example of this gap is the protection of valuables in the home including digital devices which are playing an increasingly central role in people’s lives as they become more reliant on them to manage their finances and daily life needs. Device and appliance protection insurance remains a largely underpenetrated market globally, and there is a significant opportunity to meet this growing customer need. The global market for extended warranty and accidental damage cover for consumer electronic devices and household appliances is expected to increase to more than US$210 billion within the next four years[3], from approximately US$160 billion today, according to research from both Statista and bolttech.

Tomas Kunzmann, CEO of Allianz Partners, comments: "We are thrilled to collaborate with bolttech around the rapidly growing business segment of appliance and device protection in Asia-Pacific and the US. As a global leader in assistance and insurance services, we will leverage our strong market presence and wide range of product offerings to co-create new solutions that protect consumers’ financial investments and deliver peace of mind. bolttech is an insurtech with a proven track-record in technological innovation, and our partnership will allow us to jointly create a seamless and unique setup for growth in the area of mobile device protection. We look forward to working closely together to re-imagine the future of device protection insurance."

Rob Schimek, Group Chief Executive Officer of bolttech says, "What makes this partnership so exciting is the tremendous opportunity to collaborate with Allianz, one of the world’s leading insurers, to reduce risk for customers in their daily lives and increase financial inclusion in the digital age. We are already working with Allianz Partners on a number of exciting opportunities, such as embedding device protection for customers of a leading electronics brand in Thailand. We can’t wait to uncover the possibilities of this extended partnership."

[1] The agreement is purely commercial and each company remains legally independent.

[2] Source: Swiss Re Institute – sigma No.4/2022 sigma 4/2022 – World insurance: Inflation risks front and centre | Swiss Re

[3] Source: Statista & bolttech’s own research: Devices include mobile phones and other consumer electronics, household appliances, hearing aids, eyewear.

Source : Allianz Partners announces strategic partnership with bolttech

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network