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Red Hat Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced Pramerica Life Insurance Limited., one of India's leading life insurance company, as the winner of 2017 Red Hat Innovation Awards APAC in the Digital Transformation category for its mobile app, "AceApp".
Pramerica Life is one of the fastest growing life insurance company in India, and in line with the company's vision to be a digital leader in the insurance sector, Pramerica Life sought a technology partner to help them realise this by balancing their IT investments, bringing in new capabilities for their sales advisors, and enabling them to innovate faster.
Pramerica Life implemented Red Hat Mobile Application Platform to strengthen its mobile app presence. The all-new state-of- the-art AceApp, designed to provide a 24/7 mobile office on-the- go for sales advisors, is equipped with features that can support the entire customer lifecycle journey with Pramerica Life. It aims to provide better customer prospecting through intelligent financial need assessment and recommends the right suite of products, assisting the customer in making an informed and prudent decision. In addition, it offers a smart and intuitive e-proposal form designed to make proposal filling quick, and give a real-time view of the document progress all the way to policy issuance.
Echoing the theme of the Red Hat Forum APAC 2017, "The Impact of The Individual," the Red Hat Innovation Awards recognize and celebrate enterprises which use open source to address IT challenges, transform and modernize information technology to help accelerate innovation, and achieve greater agility and efficiency. All entrants were evaluated by a panel of judges from Red Hat. Since the inception of the Innovation Awards APAC in 2011, Red Hat has witnessed more innovative use of open source solutions in the region.
Rajesh Rege, Managing Director, India, Red Hat, "We would like to congratulate Pramerica Life on winning the Red Hat Innovation Award. The insurance sector is a complex industry and it is critical to manage business processes efficiently. Our experience working with banks, insurance companies, and stock exchanges has helped us understand and tackle the scale of mobile application development challenges posed by Pramerica Life. We are excited that Red Hat Mobile Application Platform and JBoss BRMS have enabled Pramerica Life to be more agile and reach a wider variety of customers with specific demands.
"Anoop Pabby, Managing Director and CEO, Pramerica Life Insurance Limited, "We wanted to adopt a digital platform that could help define our business and provide an exciting mobile experience for our customers and workforce. After evaluating products from leading solution providers, we chose Red Hat Mobile Application Platform as we believe it is not only technically superior but cost-effective as well. When we embarked on our digital transformation journey, the idea was to work with a leading business partner and Red Hat presented us with a compelling mobile platform proposition.
Avoiding vendor lock-in and based on open standards, the platform helps our business respond to market changes with agility.
" Bhupesh Arya, Senior Vice President & Chief Digital Officer, Pramerica Life Insurance Limited, "We are honored to receive 2017 Red Hat Innovation award. Digital is becoming embedded in every business. Digital strategies in the most mature organizations are included with an eye on transforming the business. By joining hands with Red Hat, our main aim was to bring in a seamless mobility experience for our customers and transform the business real-time. The result is improved business agility, consistent and efficient decision execution, shorter development cycles, and faster time
to market.
