CPI Hosts Insurance Industry C-Suite Gathering, Journey to Embracing Innovation

3 minute/s read - November 20, 2023

On September 22, 2023, CPI in partnership with Amazon Web Services (AWS), hosted an Insurance Industry C-Suite Gathering at the AWS office in BGC. This event was co-hosted by the Philippine Insurers and Reinsurers Association (PIRA) and the Insurance Institute for Asia and the Pacific (IIAP). This was a 2-sessions event, aimed at bringing together C-Suite level representatives from the insurance industry to engage in discussions about digital trends and to spark action within the industry to help create an environment that would bring the Philippines to the forefront of digital adoption.

CPI’s President and CEO, Carl Ventura welcomed the attendees by highlighting the importance of digital adoption in today’s world, saying that “whether we like it or not, the future is already here”. Ito Gruet, CPI’s EVP, then opened the presentation and discussions by stating to have “Digital Pilipinas”, we first need to learn to continuously adapt to change.

An On-Demand World and Differences in Technology Advancement

Our main speaker was Naveen Asrani, AWS’s ASEAN Head for Strategic Growth, Digital Native Businesses and ISVs. As an advocate for promoting adoption in the Philippines, Naveen began with how we are living in an on-demand world and how industries and countries have transformed and adapted through this new reality. He then shared India’s 7-year digital transformation journey that began with a small group of young nationalistic Indians, the cooperation of a handful of companies and the government, who are now considered one of the world’s most ambitious and successful, transforming the lives of over 1 billion Indian citizens through financial inclusion enabled by simple yet effective digital platforms.

The Industry’s Response to Change

After Naveen’s presentation, the group engaged in an interactive session led by a panel of Insurance Industry executives – Marissa Dela Cruz and Francis Papa from Insurance Institute for Asia and Pacific (IIAP), Jef Lacson from Pacific Cross, and Cindy Gernan from Natre – together with CPI’s Ito Gruet, they invited the audience to share the challenges that their businesses face in the digital age which included security, legal regulators, and data concerns. From there, it became a very interactive discussion of how those challenges can be addressed and what other possible steps can be taken to drive digital adoption within the industry. To sum up our exchanges, Francis Papa stated, “It’s alright to start small as long as you start”.

Quoting British mathematician Clive Humby that “Data is the new oil,” Naveen remarked that just as oil fueled the industrial revolution, data is fueling the digital revolution. It is the key to unlocking innovation, efficiency, and growth in every industry as data can be used to track trends and develop policies that can be beneficial to users. In short, data is essential for success in today’s world, and we must learn to adapt to stay ahead of the curve.

Carl Ventura closed the event and reiterated CPI’s commitment to innovation both in technology and for the insurance industry. By encouraging collaboration within the industry and opening more discussions on our challenges, we can work together to take actionable solutions and changes in being a digital-ready industry.

We offer our many thanks to the attendees and our partners, namely Amazon Web Services (AWS), PIRA, Insurance Institute for Asia and Pacific (IIAP), and the Philippine Insurers Club (PIC) for their support and help in putting this together.

To know more about the services and solutions by CPI, feel free to reach out to us via sales@cpi.com.

Here are some event highlights:

Data Privacy Notice

This Data Privacy Notice applies to all users accessing and using our website. We are committed to protecting your personal information and respecting your privacy. By using our website, you consent to the collection, use, and protection of your personal information as outlined in this notice.

Information We Collect:

We may collect personal information that you provide when using our website, including but not limited to your name, contact details, and any other information you voluntarily provide.

Use of Your Information:

The personal information we collect may be used for various purposes, including responding to your inquiries, providing services you request, personalizing your user experience, and improving our website’s functionality.

Data Privacy Act Compliance:

We adhere to the principles of the Data Privacy Act of 2012 in the Philippines. Your personal information will be treated confidentially and processed lawfully. 

Your Rights:

You have the right to access, correct, update, or request the deletion of your personal information. If you have any questions or requests regarding your personal information, please contact us at security@cpi.com.ph.

Security Measures:

We implement reasonable technical and organizational measures to safeguard your personal information from unauthorized access, disclosure, or misuse.

Third-Party Links:

Our website may contain links to third-party websites or services. We are not responsible for the privacy practices or content of these third parties. We encourage you to review the privacy policies of any third-party sites you visit.

Changes to this Notice:

We may update this Data Privacy Notice periodically to reflect changes in our practices. The updated version will be posted on our website, and the date of the latest revision will be indicated.

Terms of Use

By accessing and using our website, you agree to abide by the following terms and conditions. These terms apply to all users, including those submitting applications through our website:

General Use:

  1. You may use our website for lawful and legitimate purposes only.
  2. You must not engage in any activity that could harm, disrupt, or compromise the functionality of our website.

Job Application Submission:

  1. You are responsible for providing accurate and complete information in your application.
  2. We reserve the right to contact references and verify the accuracy of the information provided in your application.
  3. For inquiries regarding your application, please contact us at careers@cpi.com.ph.

Intellectual Property:

  1. All content on our website is protected by intellectual property rights and is the property of Computer Professionals Inc.
  2. You may not use, reproduce, distribute, or modify any content without prior written consent.

Limitation of Liability:

  1. We strive to provide accurate and up-to-date information, but we do not guarantee the accuracy, completeness, or reliability of the content on our website.
  2. We are not liable for any direct, indirect, incidental, or consequential damages arising from your use of our website.

Changes to Terms:

  1. We reserve the right to modify and update these terms at any time without prior notice.
  2. Changes to the terms will be effective immediately upon posting on our website.

Contact Information:

For inquiries, concerns, or requests related to these terms, or personal information, please contact us at security@cpi.com.ph.