Digital Products
JAKARTA, May 23, 2024 – (ACN Newswire) – Perfios was recognized for its innovative solution, Perfios Acclaim, at a ceremony hosted by Zurich Asuransi Indonesia in Jakarta on 30 April 2024. Among the notables in attendance were Benny Jioe (Head of Digital Transformation, Zurich), Daniel Susanto (Digital Project Manager, Zurich), Amitabh Singh (Chief Business Officer, APAC and EMEA) and Mahendra Ramaiyyah (Director of Insurance Acquisitions, APAC).
Zurich Innovation Championship
The Zurich Innovation Championship is a global competition hosted by Zurich Insurance, one of the world’s largest insurance companies with a presence in over 215 countries. This annual event seeks out startups that are looking to create a significant social impact, not just profitability. The championship focuses on creating new value propositions and offering innovative services that go beyond mere product distribution. As the winner of this prestigious competition, Perfios has established itself as a key player in shaping the insurance industry through its impactful solutions.
Award Criteria and Eligibility
The Zurich Innovation Championship’s selection process is rigorous and globally oriented, focusing on companies that demonstrate the twin aims of profitability and improving society. Participants are assessed on their ability to address key industry problems with innovative solutions that have the potential to revolutionize market practices.
Significance of the Award
The significance of winning the Zurich Innovation Championship cannot be understated. It underlines Perfios as a force for change in the insurance industry, particularly in the fight against claims fraud, a key driver of rising premium prices globally.
Perfios Features
Founded in 2019, Perfios Technology Solutions Sdn Bhd has been expanding rapidly across the Southeast Asian region. Backed by top-tier investors such as Bessemer Venture Partners, Warburg Pincus, Kedaara Capital and Ontario Teacher’s Venture Growth, Perfios raised $80 million in a recent funding round. The company’s clients include some of the world’s leading banks and insurance companies who rely on Perfios for seamless digital transformation.
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Amitabh, Chief Operating Officer, Perfios Insurance International, said: “We are honored to receive this recognition from Zurich Insurance Indonesia. Perfios Acclaim embodies our vision of providing cutting-edge technology that simplifies operations for insurers and protects them from fraud.”
Future Goals
Winning the Zurich Innovation Championship is perfectly aligned with Perfios’ mission to empower insurers with innovative and reliable technology. Perfios Acclaim aims to expand its influence across Asia and further cement its presence as a leader in the insurance technology space.
About Perfios AcclaimPerfios Acclaim is addressing the pressing challenge of missed health insurance claims, which is costing the industry up to $28 billion annually through fraudulent and ineligible claims. Traditional methods are insufficient, as it is difficult for human adjusters to correlate data across vast amounts of documentation to detect fraud. Perfios Acclaim combines claims digitization and fraud detection into an integrated solution, enabling straight-through processing (STP) and automated adjudication. This has reduced processing times from over a week to just 30 minutes and reduced claims payments by up to 5% in regions such as Vietnam, Malaysia and Indonesia. For more information, please visit: https://perfios.ai/acclaim/.
This press release can also be found at:Marketing in Asia (https://shorturl.at/eGWLs).
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Komaldeep Kaur Dhir
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JAKARTA, May 23, 2024 – (ACN Newswire) – Perfios was recognized for its innovative solution, Perfios Acclaim, at a ceremony hosted by Zurich Asuransi Indonesia on April 30 in Jakarta…
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