About Bytesforce:

Bytesforce is an industry leading technology provider of insurance solutions. Recognized by Celent as a ‘LUMINARY’ in the Core Policy Admin System( PAS) space, receiving the HIGHEST RATING across Advanced Technology & Breadth of Functionality.

We provide Next Generation Digital CorePAS Platform whereby All Products and All Channels are supported on the same platform.

All Products on One Platform:

1) P&C: Motor, Home, SME Packages, Fire, Engineering, Liability, Bond, Fidelity, Marine, Fleet, Aviation. All lines of business
2) A&H: PA, Travel, Health, Employee Benefits
3) Life: Term, Whole Life, Endowment, Savings, ILP, Universal, Takaful Family Plans
4) Embedded Insurance Products: Event-driven products, UBI, Telematics, PAYG and many more patterns

All Channels on One Platform:

1) Intermediaries: Tiered Agents, Financial Advisors, Brokers, MGAs
2) Bancassurance
3) Affinity Channels
4) Internet Channels
5) Direct to Customer
6) B2A2C
7) B2B2C
8) B2A2C

End-to-End on One Platform:

1) Modern Core Operations: Product Factory --> Quotation --> New Business / Underwriting --> Endorsement --> Renewal --> Claims --> Reinsurance --> Billing, Collection, Payment & GL Posting
2) Out-of-the-box Portals Empowered by Core APIs: Intermediaries Portal, Customer Portal, White-labelling Portals (B2A2C, B2B2C, B2C2C)
3) Powerful Data Middle Office for data analysis, reports and inquiries
4) Compliant with IFRS17, PDPA, AML and industry standards

Industry-leading Differentiators:

1) Arguably, the industry's most comprehensive and modern insurance CorePAS built on full internet techstacks with no legacy issue
2) Open API, cloud native and micro-service architecture, with 2,700+ APIs out of the box
3) One platform for all purposes, from back-office operations to intermediary portals to direct customer portals to eco-system adoption
4) One platform for all Lines of Business (General & Life, Consumer & Commercial, Individual & Group, Traditional & Embedded)
5) Multi-tenancy: Run core system for multi-country operations on one single platform (for MNCs)
6) High security, 7*24 availability and app/db scalability
7) The highly modular, 'plug and play' nature of platform ensures quick deployment with low risks

Outstanding Implementation Success:

1) 100% implementation success rate for 20+ insurance company customers
2) 100% satisfaction ratio. All customers are willing to provide customer reference.
3) Fast platform launch
- CorePAS Suite: 4-6 months full Core+Portals for 10 products in Phase 1, followed by 10+ products being launched every subsequent month
- Embedded Insurance Core: 3-4 months full implementation
- Omni-channel Distribution: 4-6 months full impelmentation (all products all channels)
4) IT structure being simplified/modernised by removing redundant peripheral systems
5) IT Cost reduction of 70% for local players and up to 85% for MNCs
6) In 3 months after launch, 80% customers see significant business growth, 100% customers see increase in efficiency and user satisfaction
7) 100m policies being transacted in 2024