Premium Systems Technology

Core insurance administration software for general (P&C) insurers, agents, and consumers.

Core Administration Established Bootstrapped

Overview

Premium Systems Technology (PST) is a core insurance administration software provider for general (short-term / P&C) insurers, agents, and consumers, based in Singapore. The company builds enterprise software for policy administration, claims handling, and related back-office functions at short-term insurance carriers.

PST's product line centers on Odyssey5, a core system covering policy administration, claims processing, reinsurance, and accounting, built on an API-based architecture with multi-lingual, industry-specific workflows. Nimbus, a companion e-commerce engine, adds B2B (agency) quoting, proposal, and claims-notification workflows alongside a B2C direct-purchase channel that lets consumers buy select products online without an agent or underwriter. PST supplements its software with project management, consultancy, implementation, and third-party integration services for enterprise rollouts.

PST operates as a bootstrapped, privately held vendor with 11-50 employees and no disclosed VC funding. It extends its reach beyond Singapore through regional distributor partnerships rather than direct subsidiaries, with resellers covering Malaysia, the Philippines, and Botswana/Africa.

Products & Services

Odyssey5

Core insurance administration platform managing policy administration, claims processing, reinsurance, and accounting for general (P&C) insurers. Built on an API-based architecture with industry-specific workflows and multi-channel communications.

Key Features

Combined policy administration, claims processing, reinsurance, and accounting in a single system
API-based architecture supporting third-party application integration
Multi-lingual, industry-specific workflows

Target Users: General (short-term / P&C) insurers

Nimbus

Insurance e-commerce engine layering B2B (agency) and B2C (direct-to-consumer) digital sales channels on top of Odyssey5.

Key Features

Nimbus B2B/Agency: quotations, proposals, and claim notifications integrated with Odyssey5 core workflows
Nimbus B2C/Direct: self-service purchasing for consumers on select products, without an underwriter or agent intermediary

Target Users: Insurance agents/agencies and direct consumers

Professional Services

Project management, software consultancy, technical implementation, and third-party integration services supporting Odyssey5 and Nimbus deployments.

Target Users: Insurers implementing or extending the Odyssey5/Nimbus platform

At a Glance

Headquarters: Ubi Techpark, Singapore
Employees: 11-50
Funding: Bootstrapped

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Claims Management Reinsurance Technology Insurance E-Commerce
Insurance Verticals: P&C Personal P&C Commercial
Target Customers: Carriers, Agents/Agencies, Consumers