Cognizant deploys risk engg platform for Torus

LONDON: Cognizant, provider of consulting, technology, and business process outsourcing services, has announced the successful development and deployment of a state-of-the-art global risk engineering platform for Torus Insurance.

The new platform streamlines Torus’ analytical risk engineering processes enabling better differentiation of risks with superior pricing accuracy, thus improving service to buyers and their brokers, and improving operational efficiency and effectiveness

Its intuitive interface and user-friendly reports will also improve the consistency, reliability, and security of risk-related data, and enhance customer experience.

“Our relationship with Cognizant, which started with a consulting engagement in August 2009, has since expanded into several areas. We originally selected Cognizant for its consulting-led approach, application development capabilities, as well as its industry expertise in developing critical business applications for global insurers,” said Jeff Smith, Group chief Information Officer at Torus.

He added that Cognizant’s ability to take up end-to-end responsibility from defining the IT blueprint, to designing the user experience, building the system, and rolling out post-production support has helped them build an application that will provide them better visibility of the risks they underwrite, improve productivity, and enhance the perception of Torus with clients and brokers.

“We are pleased to have successfully developed and deployed such a futuristic risk engineering platform for Torus. The success of this engagement is a testament to our consulting, domain, business analysis, development, and delivery capabilities. Our solution accelerators focused on insurance risk information enabled us to deliver a solution that will allow Torus to systematically analyze complex industry data while achieving substantial efficiency gains,” said Sanjiv Gossain, senior vice president and head of the UK and Ireland Operations for Cognizant.

He added that they look forward to further strengthening their relationship with Torus as they develop the customer and broker portal, which will form part of the next stage release of the product.