Takaful Malaysia Enters RM12 Million IT Services Contract with HP

Syarikat Takaful Malaysia Berhad (STMB), a listed company in the Main Board of Malaysian Stock Exchange has recently outsourced the management of its IT infrastructure to Hewlett-Packard (HP), the world largest technology company for a 3-year contract deal of RM12 million.This move which is part of STMB's strategy to establish itself as the country's leading takaful operator and a key player in the local insurance scene will see HP provide IT infrastructure operation management services to boost-up STMB service deliveries capabilities and enables STMB to focus on its core competency of delivering insurance services to exceed expectations and ultimately further improve business productivity and efficiency.
According to Dato Hassan,Group Managing Director of STMB," being the oldest Takaful player in the country, STMB places importance in enhancing its IT infrastructure and system to enhance responsiveness to customers' needs and to enable further expansion of their market share as well as increasing product development efficiency.
HP is excited to have this opportunity to work in close partnership with STMB and support their IT initiatives," said TF Chong, Managing Director of HP."Today's business success largely depends on leveraging IT.Streamlining the IT environment and making sure IT functions and business processes are carefully aligned to support business strategies will enable a company to increase flexibility and adaptibility to market changes and challenges."