BKI Integrates Sapiens Platform for Operational Efficiency

Bangkok Insurance Public Company Limited (BKI), a leading insurer in Thailand, has achieved a significant milestone by successfully integrating Sapiens International Corporation's Property & Casualty platform. This move, which involved replacing BKI's core monolithic application, stands out as one of the largest and most intricate projects in Thailand's insurance sector.

By adopting Sapiens' acclaimed platform, BKI is set to witness accelerated revenue growth, improved operational efficiency, and faster time-to-market capabilities across various channels and business segments. The platform not only lowers BKI's total cost of ownership but also fosters self-sufficiency in core operations.

Dr. Apisit Anantanatarat, BKI's CEO and President, commended Sapiens' comprehensive end-to-end solutions and integration prowess, underscoring the platform's adherence to regional regulations. The implementation of Sapiens IDITSuite will streamline digital API configuration, supporting BKI's digital sales channels and internal system integration.

Roni Al-Dor, President & CEO of Sapiens, expressed pride in the company's contribution to driving BKI's growth and operational efficiency through a wide array of functionalities covering policies, reinsurance, claims, accounting, and more.

Sapiens' suite of solutions, including IDITSuite for Property & Casualty, ReinsuranceMaster, and Intelligence, boasts advanced features like AI-powered customer acquisition support, comprehensive reinsurance program management, and actionable insights for informed decision-making.

Established in 1947, Bangkok Insurance Public Company Limited is dedicated to becoming the preferred non-life insurer in Thailand by offering a diverse range of insurance products and services that meet customer needs while maintaining corporate integrity and accountability.

With over 40 years of industry experience, Sapiens International Corporation empowers the financial sector, particularly insurance, to embrace digital transformation through its cloud-based SaaS insurance platform. Serving clients worldwide, Sapiens delivers a comprehensive suite of solutions spanning core, data, and digital domains to foster digital innovation and agility.

The successful implementation of Sapiens' Property & Casualty platform by Bangkok Insurance Public Company Limited signifies a significant leap forward in Thailand's insurance landscape. This strategic move not only enhances BKI's operational efficiency and revenue potential but also underscores the importance of leveraging cutting-edge technology to meet evolving customer demands and regulatory requirements.