KUALA LUMPUR,MALAYSIA -- ISM Insurance Services Malaysia Bhd, in collaboration with partner SAS Malaysia, has launched its knowledge management services for the insurance and takaful industry. According to ISM chief executive officer Carl Rajendram, the launch marked a strategic milestone taken on course as Malaysia's insurance and takaful industry geared for a more competitive business environment. He said the services enabled insurance and takaful companies to access timely and actionable intelligence from ISM's vast database of insurance-related information to better support their business decisions. "Developing the services is strategic for us because we are able to deploy our reports to a wider range of people and also able to customise our reports and present to members as required," he told reporters after the signing ceremony between ISM and SAS Malaysia here Wednesday. The two companies said the services are a collaborative effort among insurers and takaful operators to share information via ISM, to build and extend the business intelligence for the fast-growing industry. It is the first such system outside the United States to provide access to business intelligence on insurance statistical databases, they added. The ISM-SAS partnership entailed the licensing of the SAS9 Enterprise Business Intelligence Server as the platform for the services. ISM currently has 39 members and nine affiliates comprising insurance companies, takaful operators and reinsurance companies in Malaysia. The company provides actuarial and statistical, insurance anti-fraud and information technology services to its members and affiliates. SAS specialises in providing business intelligence software and services.
Thanks to: 12 April 2006, By BERNAMA
