NOIDA, INDIA: HCL Technologies Ltd, a provider in IT services, announced on Sunday that its strategic alliance with eBaoTech Corporation, a provider in new generation software and services for life and general insurance industry.
The partnership reiterates HCL’s commitment to provide Business Aligned IT, thereby providing its customers the most optimal platform aligned to their business goals, said a press release.
HCL would work with eBaoTech to identify fitment of eBaoTech products in select geographies. Customers will now have access to a single integrated entity that can help them modernize their core business management systems, offer them best-of-breed functional product capability, technology, and world-class service quality ensuring business stability in today’s environment, a risk-sharing attitude and a global reach through cost effective solutions.
Woody Mo, CEO of eBaoTech Corporation, commented, “We are pleased to collaborate with HCL to leverage HCL’s strong capabilities in business management, IT outsourcing, and program management. Together we will help insurance carriers and intermediaries adopt innovative IT solutions that would allow them to gain better process efficiencies in a cost effective manner.
He added that they look to working with HCL to create significant and tangible value forinsurance industry to become much faster, better, most cost efficient, and more scalable.
Premkumar S, member of management council and corporate officer, Global Business Sponsor – Financial Services – HCL Technologies, said the company sees a lot of potential across major focus markets.
“As one of the leading end-to-end specialist insurance solution providers in the industry, HCL is uniquely equipped to fulfill the industry requirements by combining with eBaoTech’s cutting edge core insurance system software capabilities,” he added.
HCL has multiple dedicated Insurance Solution Development Centers, a state-of-the-art Claims Center of Excellence (CoE) and key BPO capabilities in Life and Pensions.
With a proven track record of delivering complex implementations projects and focused investments in solution engineering, HCL combines specialist insurance business transformation skills with the stability & scale of the world’s largest IT services providers, the release added.