DynaFront Systems: Providing Cutting edge IT Solutions Customized For Regional Insurance Industries
Mr. Chan Eng Lim, Chairman & CEO
Today, customers look for and purchase insurance in entirely new ways. Face-to-face meetings are being replaced with online research and discussion. Many insurers are not as technologically resilient as they may have assumed, with their systems struggling to stand up to the disruption. The steps required to achieve these goals are more complex than ever since it took a pandemic to force insurers to speed up their digital agendas. That being said, COVID-19 has been the digital catalyst insurers so dearly needed. In the past, companies may have looked at digital transformation only at a product level. Now, there will likely be a greater realization of the need to transform the ecosystem digitally. There is a need for a reprioritization of technology spend. The change has been nearly universal, and as for the insurance industry, the digital roadmap has turbo-charged progress on creating a seamless digital customer experience.
With many carriers dabbling with cloud services, there is an urgency for Cloud implementations. They need to use new, scalable service delivery models to support their business application requirements and speed their products to market. Cloud computing is a valuable delivery model that insurers can use to facilitate or accelerate business transformation. There is already an increased rate of software vendors through whom digital capabilities (including greater use of AI, robotics, and automation) can be more quickly embedded. Insurers will look to significantly streamline and enhance processes through AI and intelligent automation, IoT, and Big Data technologies.
As the insurance sector focuses more on using new technologies to adapt to this market change, DynaFront realized that to tap on this opportunity, they need to provide a flexible infrastructure and charging model, which would enable insurance companies to offer their products via the web. Based in Kuala Lumpur, Malaysia, DynaFront specializes in life insurance applications, including developing and deploying complete and comprehensive insurance software ranging from frontend sales to backend administrative systems. DynaFront is built on one theme – to guarantee cost-effective and quality delivery through innovative solutions to enable our partner to excel. Serving the growing Asia-Pacific insurance industry, DynaFront offers flexible, high-performing IT solutions to local and multinational insurance companies.
With this adoption of microservices architecture, we expect our next generation of software solutions to be lightweight with modern technology stacks and AI-driven, in our quest to create a smarter insurance ecosystem
They firmly focus on upholding integrity to provide only the best services to all well-deserved clients. The company's extensive experience in the insurance industry and in-depth domain knowledge, coupled with our broad IT expertise, has been instrumental in designing and engineering their software solutions and the business' success over the years. In time to come, DynaFront seeks to be the household name in the insurance industry in the South Pacific Region.
The company showcases a comprehensive suite of software solutions extending from frontend sales automation systems to backend individual and group life administration systems, including their newly enhanced PrecentiaLife software solutions make it easier, faster, and much more cost-effective for DynaFront to improve its interaction with clients, helping them deepen their knowledge about consumer search and purchase decisions, deploy new services tailored to specific client needs and deliver them. It is a comprehensive life insurance administrative system that supports diversified distribution channels and a highly integrated system (SOA certified). PrecentiaLife practically serves as the backbone to DynaFront, providing an internet-based application server and a state-of-the-art database for managing the insurance policy information. Similarly, the PrecentiaTakaful backend system contains Takaful family insurance while PrecentiaGroup handles group insurance business, covering both employee benefit and worksite marketing. On the frontend side, PrecentiaCMS unifies all the functions conducted at the point-of-service hub (POSH), including the payment gateway for initial and recurring premium fees.
The global financial crisis has led to the re-design of payments systems and processes, and there will still be plenty of challenges to overcome in the years to come. At the same time, it will most likely lead the insurance sector to accelerate business innovation and shift more quickly from physical to digital channels and products, with end-to-end automation and optimization of processes from intake through to claims. The sector could look fundamentally different, coming out from a crisis: much more agile, secure, connected, and digitally enabled. It is the insurers that stay the course and keep pace with this transformation. The insurance tech movement provides a variety of opportunities for established insurers in the industry. Subsequently, traditional life insurance carriers are exploring multiple avenues and building up-to-date technological competencies. Insurance companies are also integrating with a diverse multitude of ecosystem partners to drive process efficiencies. This integration will help firms to manage market dynamics better and to plan future-readiness strategies. Perhaps, COVID-19 was the digital wake-up call the industry needed. Now, the opportunity is there for those who can gain value from it for their organization.
Since 1996, DynaFront Systems has expanded globally through a network of prominent business partners and distributors throughout the Asia Pacific region. The company takes great pride in delivering 'best-of-breed software solutions in a timely manner, backed by our in-depth knowledge of insurance operations and extensive understanding of their inherent technological needs. Over the years, DynaFront Systems has garnered an impressive clientele of local and multinational companies, built upon a reputation for forward-looking consultation and advisory expertise. Driven by a relentless vision for growth and passion for excellence, The company positions themselves as innovative and disruptive idealists poised to take our clients' businesses to the next level by striving to help insurance clients grow faster and more efficiently. The company is currently moving into the virtual insurance space, with its research and development team focusing on developing and implementing new mobile applications in wearable technologies, including web-enabled smart devices that use embedded systems. "With this adoption of microservices architecture, we expect our next generation of software solutions to be lightweight with modern technology stacks and AI-driven, in our quest to create a smarter insurance ecosystem" –– Mr Chan Eng Lim, Chairman, and CEO of DynaFront.
Description Based in Kuala Lumpur, Malaysia, DynaFront specializes in life insurance applications, including developing and deploying complete and comprehensive insurance software ranging from frontend sales to backend administrative systems. DynaFront is built on one theme – to guarantee cost-effective and quality delivery through innovative solutions to enable our partner to excel. Serving the growing Asia-Pacific insurance industry, DynaFront offers flexible, high-performing IT solutions to local and multinational insurance companies. The company's extensive experience in the insurance industry and in-depth domain knowledge, coupled with our broad IT expertise, has been instrumental in designing and engineering their software solutions and the business' success over the years