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Maveric ties up with SBI General Insurance

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CIOL Bureau
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CHENNAI, INDIA: Maveric Systems, an independent software testing specialist, on Tuesday said it has signed a multi-year contract with SBI General Insurance to provide Software Testing and Validation services.

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SBI General Insurance, a joint venture between the State Bank of India and Insurance Australia Group, is a greenfield venture in the Insurance domain in India. Maveric will be a strategic partner supporting SBI General's complete technology rollout and product launches, said a press release.

With validation and production support from Maveric, SBI General has rolled out its first set of products across the corporate and retail space.

SBI General is looking to be a multi-product, multi-segment and multi-channel company, driven by state-of-the-art IT systems. Maveric, with its strong focus on the BFSI domain, has been engaged to assess application quality and usability. In this venture, SBI General is working towards having one an advanced technology stacks in the global Insurance space, the release added.

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“Maveric has had a deep relationship with SBI and SBI Life Insurance and the team is now very excited to be partnering SBI General in this prestigious project. There have been rich learnings till date and we look forward to the forthcoming product launches,” said Ranga Reddy, CEO and founder, Maveric Systems.

He continued that the challenging scale and intense complexity of this venture make it one of Maveric's most impressive projects in Insurance testing. “In the year ahead, Maveric will strengthen its focus on the Indian market and look to expand its clientele in the Insurance space.”

Manoj Agarwal, CIO and Head of IT, SBI General Insurance, said, “Maveric is a proficient Validation partner and SBI General is benefiting from Maveric's domain expertise in Insurance, dynamic

test strategy and good focus on project governance. We appreciate the commitment to the project displayed by their team. As we gear up to roll out our complex and comprehensive product portfolio, we look forward to Maveric's critical audit of our technology releases.”