TIPH partners with BE8 to create subsidiary HoriXon T8 to expand InsureTech business

TIPH partners with BE8 to launch HoriXon T8 with a registered capital of 50 million baht to drive the Insurance Ecosystem with AI-Powered Digital Transformation in both domestic and international markets.

Dr. Somporn Suebthawinkul, Chief Executive Officer, Thipaya Group Holdings Public Company Limited. หรือ TIPH revealed that TIPH, together with Beryl 8 Plus Public Company Limited (BE8 Tech Company), a full-service company, launched Horizon T8 Company Limited, “HoriXonT8” or “T8”, with a registered capital of 50 million baht.

By TIPH holding 51% and BE8 holding 49% to enhance the Insurance Ecosystem for the insurance industry with AI-Powered Digital Transformation, empowering insurance innovation partners in Thailand and the ASEAN region with services that meet the needs of MORE + Better + Faster of HoriXon T8.

This collaboration with BE8 marks an important step in combining the strengths and expertise of both companies by using Artificial Intelligence (AI) to develop solutions to create The Future of Insurance that truly meets all customer needs.

As the world today is facing significant changes in many dimensions, including changes in consumer behavior, the environment, and technological advancements, especially AI, which plays a role in every industry worldwide, the insurance industry is also facing these challenges.

Insurance Ecosystem is an important ecosystem, including insurance companies, agents/brokers, partners, and non-industry service providers such as financial institutions, hospitals, e-commerce, and various marketplaces. We see an opportunity to unlock the original limitations to be able to offer insurance products and services in a new format that is diverse, fast, and meets the lifestyles of consumers better and seamlessly. This will help us expand our customer base and open new markets comprehensively and efficiently.

side Mr. Apisek Thewintrabhakti, Chief Executive Officer, Beryl 8 Plus Public Company Limited Said that the company sees the potential of bringing AI and cutting-edge technology to create change and transform the Thai insurance industry to become a regional leader, responding to various global trends such as embedded insurance or insurance embedded in products and services related to lifestyles ranging from travel, healthcare, and purchasing products through e-commerce channels, and developing digital platforms so that all parts of the insurance ecosystem can access technology and work together more seamlessly.

This collaboration between TIPH and BE8 combines TIPH's strong insurance expertise with BE8's technological advancements. We are committed to driving Insurance Ecosystem Enter the era of technology (Tech-Driven Industry) With new solutions and services, create new potential for the entire Insurance Ecosystem to make insurance more accessible, convenient, and meet the lifestyles of people in the digital age.”

โดย HoriXon T8 It will be a technology and innovation hub covering the insurance industry and business partners in the Insurance Ecosystem, not limited to the development of Insurtech between insurance companies and insurance buyers, but also focusing on creating a technological infrastructure that systematically connects all sectors of the industry by using Modernized Applications, Cloud Platforms, Open API Architecture and AI, creating new, cutting-edge solutions so that partners can access technology, leading to overcoming Digital Disruption, creating new capabilities, and creating a New S-Curve for the insurance industry.

By utilizing AI innovation and cutting-edge technology in every dimension, combined with a Disruptive Mindset that is ready to step out of the limitations and frameworks of the original work, HoriXon T8 aims to revolutionize the Insurance Ecosystem, fully empowering partners in every dimension to create the insurance of the future, becoming a center for creating innovations and complete Tech Solutions, ready to drive the insurance market with the power of AI and technology without limits, moving towards becoming a leader in insurance in the region.

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