Muang Thai Life prepares itself for future in world of disruptive tech
Muang Thai Life Assurance has unveiled an IT development initiative that encompasses use of the Oracle Enterprise Resource Planning Cloud and Oracle Enterprise Performance Management Cloud.
President and chief executive officer Sara Lamsam said on Monday that this was in preparation for its future in a world of disruptive technology where changes happen rapidly.
It is highly essential for the listed life insurer to keep pace with this constant revolution by adopting new technologies that are able to strengthen its operational efficiency while sustainably expanding business growth, he added.
Moreover, an early effort to prepare for such a future will allow Muang Thai Life to assess the impact of IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts, which are set to become effective before long, Sara said.
