KGISL has completed the acquisition of AETINS to enhance its InsurTech capabilities and expand its market presence across the Asia Pacific, Middle East, and Africa.
Target Information
KG Information Systems Private Limited (KGISL) has successfully acquired AETINS Sdn. Bhd. through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. This strategic acquisition aligns with KGISL's growth objectives within the InsurTech sector. AETINS is renowned for its innovative insurance solutions across various lines, including Life, General, and Takaful insurance, complemented by extensive domain expertise. AETINS' superior Core Insurance Products and Solutions are widely recognized in the market and dominate in their respective segments, serving a diverse base of clients in the Asia Pacific, Middle East, and North Africa regions.
By integrating AETINS’ capabilities, KGISL aims to enhance its service offerings, leveraging their products and solutions to extend its market presence and solidify its leadership in the InsurTech industry. The expertise of AETINS will play a crucial role in KGISL's strategy to expand into the burgeoning markets of Life and Non-Life insurance, including Takaful segments across Asia Pacific and beyond.
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Industry Overview
The insurance industry in Malaysia has displayed robust growth, driven by an increasing demand for tailored insurance products, especially in the InsurTech domain. With a strong push toward digital transformation, the sector has witnessed
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