Press Release: Samsung Life Insurance To Focus On Intel-Based Solutions For Next-Generation It Infrastructure


Posted By Kathy Smith

Date: December 19, 2001


Samsung Life Insurance To Focus On Intel-Based Solutions For Next-Generation It Infrastructure. Intel Korea, Samsung Life Insurance and Samsung SDS Agree to Study End-to-End IT System, Build On-Site Intel® Architecture Solutions Lab.


SEOUL, Korea, Dec. 19, 2001 - Intel Korea today announced it is working with Samsung Life Insurance and Samsung SDS to jointly study a next-generation IT infrastructure for Samsung Life Insurance based on Intel® Architecture.

The three companies agreed to begin research on the implementation of a standardized computing infrastructure based on Intel-based computing solutions. The infrastructure is designed to enhance Samsung Life Insurance's competitiveness and support the company's long-term business goals. The comprehensive, end-to-end solution will integrate Intel® Itanium™ processor family-based servers with Intel® Pentium® 4 processor-based PCs, in addition to Intel® Personal Client Architecture (Intel PCA)-based wireless PDA platforms and networks.

"Development of an advanced computing and network infrastructure is essential for Samsung Life Insurance to maintain its leadership in the Korean market, and also to become a world-leading finance company," said Eric Kim, vice president, Strategic Planning Group, Samsung Life Insurance. "We believe that Intel Architecture-based solutions, with their outstanding cost efficiency, performance, reliability and scalability, are the best choice for our flexible and powerful next generation computing and network infrastructure."

The three companies agreed to build an Intel Architecture Solutions Lab to jointly develop solutions prioritized by Samsung Life Insurance. For example, the lab will soon begin research on the company's Customer Relationship Management (CRM) System and Risk Management System. Intel will provide Samsung Life Insurance and Samsung SDS with technical consulting and training for the lab equipment and facility.

"The Internet has had a profound impact on the financial services sector and leading corporations realize the need to use IT for competitive advantage," said John Davies, vice president and general manager of Intel's Solutions Market Development Group. "We applaud Samsung Life Insurance for its business vision and plans to implement a world-class, next- generation IT infrastructure. Through the Intel Architecture Solutions Lab, we will work together to accelerate the development and testing of business solutions required to enable Samsung to meet its business needs."

Samsung Life Insurance anticipates reduced cost, increased cost efficiency and powerful services that meet customer demands, enabling the company to improve customer satisfaction and strengthen its position as the largest life insurer of Korea. Samsung plans to continue developing its IT infrastructure and solutions in order to develop itself as a true e-Finance company in the Internet age with the world's best competency and efficiency.

About Samsung Life Insurance
Samsung Life Insurance Co., Ltd. is Korea's largest life insurer. The company is accelerating business growth with innovative products and programs, in addition to moving aggressively overseas through operations in China, Singapore, Thailand, Great Britain and the United States. Web site: http://www.samsunglife.com.

About Samsung SDS
Samsung SDS is the largest global IT solutions provider in Korea with an annual revenues of U.S $1 billion and an expanding network of 6,000 employees in branches around the world. To meet clients' business needs in the IT sector, Samsung SDS offer a wide range of services and products such as consulting, systems integration, packaged software, outsourcing, and technical training. Web site: http://www.sds.samsung.co.kr.

About Intel
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.

Intel, Intel Itanium and Intel Pentium 4 are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

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