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Malaysia sees global insurer launch shared services centre

According to a recent press release, a major global insurer announced that it will be establishing a new Shared Services Centre in Puchong Financial Corporate Centre (PFCC) – the latest MSC Cybercentre and an iconic corporate landmark in Puchong.

The global insurer is set to generate an approximate 200 jobs across different technologies and capabilities by the end of 2018.

The Paris-based global insurer, which was recently awarded the first insurance brand worldwide for the 9th consecutive year, has announced today that they are establishing a Shared Services Centre that will see the leading insurance company at the forefront of industry innovation as they continue to embark on their transformation journey.

The insurer is set to launch two hubs – one in Kuala Lumpur, Malaysia, and another in Manila, Philippines – which are envisioned to enable the company’s future-ready business strategy in Asia.

The vision is to enable business transformation by leveraging on technology to achieve the company’s goals in Asia. He added that the Shared Services Centres are a testament to the company’s long-term commitment towards investing in the region.

The new Centre will become the IT hub for the global insurer in Asia, and later to Japan and when required, globally across the Insurance Group.

They will also later stand as a central hub of actuarial expertise, serving as a centre of excellence in technical subjects including actuarial product pricing and valuation; providing guidance to its Asia entities on improvements to processes and methodologies.

Greater Kuala Lumpur was chosen as one of the located Centre for its potential robust growth which the company envisions will improve its agility and cost efficiency. As an Asia IT hub, the company will be creating opportunities for Malaysians, to work on high profile projects across different Asian countries and on the latest technology platforms for IT Infrastructure Services which includes End-User Computing, Network Management, and Server Management.

The centre will also be the central hub of actuarial expertise, serving as the centre of excellence in technical subjects including actuarial product pricing and valuation.

With that, the global insurance company is set to generate an approximate 200 jobs across different technologies and capabilities in Greater Kuala Lumpur – a move that will boost employment and empower career growth for the Malaysian workforce while contributing to the thriving BPO landscape in Malaysia.

The Chairman of InvestKL stated that the city is honoured to be part of the global insurer’s journey in the establishment of the new centre for the group in Asia.

He noted the hub exemplifies the ability and quality of the city’s world-class talents that are readily available in embracing the new era of Industry 4.0.

The insurer’s Asia hub in Greater KL is also a testament to the long list of Multinationals that believes in the unlimited value that the city offers. He congratulated the company on this auspicious launch and noted that he looks forward to the continued partnership between the group and InvestKL, with the support of MDeC.

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