Janashakthi wins 'Best Insurer - Technology' award

AGM IT, Janashakthi Insurance PLC, Thilak Vithanage

A novel geographical information system that maps local weather patterns and assesses its insurance risk has won Janashakthi Insurance PLC, Asian Insurance Technology award this year.

Presented in Singapore, the second Asian Insurance Technology recognises regional insurance companies for developing novel solutions to mitigate insurance risk.

Janashakthi was among the three companies to win the category of 'Best Insurer - Technology' at the ceremony.

"Janashakthi Insurance PLC won the award of Best Insurer - Technology, because the use of game changing technology to improve risk management and enhance customer service," a spokesman for Asian Insurance Technology said.

"The GIS application has given us insights to assess our risks and deploy our resources more meaningfully," said Managing Director, Janashakthi, Prakash Schaffter.