One of the Asia Pacific region’s largest providers of insurance, risk and financial solutions, the Honan Insurance Group, has signed a global licence agreement with UK-based Zest Technology to market its innovative new employee benefits platform.
From the outset, and from multiple offices across the region, Honan will partner with Zest to replace its existing platform supporting a wide range of clients – predominantly in the South East Asia region – who, between them, account for tens of thousands of employees.
Commenting on the agreement, Damien Honan, Group CEO and Executive Director of Honan, said: “We have a rich pedigree in this area having offered our clients an extensive employee benefits solution for many years. However, it was time to review and we decided to look for ways going forward that we could continue to marry the very best technology with our industry leading services including our exclusive membership with the Worldwide Broker Network (WBN). With this in mind, our next generation of employee benefits platform needed an innovative new approach to help us meet our ambitious growth plans across the Asia-Pac region.”
Eliza White, Managing Director of Honan Asia, added: “We carried out an extensive evaluation of the market and it was very obvious that only Zest could offer us the technology, flexibility, scale and scope our clients are looking for. Namely, a multi-currency, state-of-the-art employee benefits platform that can easily be adapted and tailored to meet all of their current and future demands – at a price that hasn’t been accessible before.”
Announcing the new agreement, Ray Sieber, Managing Director at Zest said: “This marks our first foray into the region and we’re delighted that Honan has selected Zest to provide its core employee benefits technology platform. It’s a ringing endorsement of our pioneering approach to delivering effective employee benefits solutions and marks a new high in our international expansion. Following our recent and extensive, multi-year investment into our core technology, Zest is now recognised as one of the most advanced, cost-effective and user-friendly employee benefits platforms in the market and this new agreement with Honan underlines our position as the preeminent provider in the sector. Honan is a wonderful, client-centric company with a culture and values closely aligned to ours and we’re looking forward to working with Eliza, her team and their clients for many years to come.”