ThaiSri, one of Thailand’s largest insurers has chosen Juniper Networks, a leader in secure, AI-driven networks to upgrade and automate the management of its network infrastructure. With the partnership, ThaiSri can now centrally manage devices and resources, greatly reducing complexity. This has allowed them to bring new applications and services to the market rapidly, while also transforming the digital experience dramatically for its vast and exponentially growing client base.
“For over 10 years, our partnership with Juniper Networks has built a stable and scalable system that has empowered ThaiSri to grow rapidly in a digital-first world. The deployment of Juniper’s AI-driven solutions has set a strong foundation for even further digital transformation in the future, which allows us to continue to offer cutting-edge services that are responsive to our customer and employee needs. In fact, we are already reaping the benefits of the AI-driven network refresh, where increased workloads are executed without disruption,” said Teerawut Chanachote, System and Technology Manager, ThaiSri Insurance.
ThaiSri has been continuously evolving its business to harness the rapid developments in technology for the good of its customers, with a strong market position as a leading insurer across Thailand for over 67 years. When ERGO, the primary insurance arm of German-based Munich Re, one of the world’s leading reinsurers, became a major shareholder in 2016, these digital transformation initiatives were further intensified.
The digital-first strategy of ThaiSri drove substantial growth in its total insurance premiums by 41 percent in 2019, with over 1.2 million policies released for the year. Compared to the year before, this reflected an improvement of over 100 percent, all without hiring any extra employees or deploying any new physical infrastructure. ThaiSri made the decision to broaden its IT capability to keep up with current customer growth with this rapid acceptance of online insurance sales, while also provisioning for potential demand.
“ThaiSri Insurance is a frontrunner in digitally transforming insurance services in one of Southeast Asia’s most dynamic economies. Similar to how ThaiSri is supporting the ambitions of millions of Thai businesses and consumers by underwriting their risks in the most efficient and intuitive manner, we are excited to be able to support their growth through our AI-driven solutions. I am confident that with Juniper, the customers they serve will be able to reap the benefits of stable, reliable, and efficient network infrastructure,” Ang Thiam Guan, VP & GM, APAC, Juniper Networks concurred.
