IBM, Innovation Group opens CoE in Bangalore

BANGALORE, INDIA: IBM and Innovation Group has launched a new Global Insurance Center of Excellence here to help companies innovate on next generation core systems, develop new business models, and tap emerging technologies to create competitive advantage and improve the customer experience.

IBM said in a release that the new center, based at IBM’s Bangalore campus, will provide clients with systems integration services based on Innovation Group’s Innovation Policy and Innovation Claims software applications that deliver high quality, low-risk, and cost effective solutions for the enterprise.

“The new Global Insurance Center of Excellence and an increased focus on our IBM relationship is a response to the success of the partnership in the last 24 months,” said Ed Ossie, president of Innovation Group.

The new center builds on IBM and Innovation Group’s existing partnership to streamline delivery capabilities and meet the growing demand for new core systems based on Innovation Group’s application software and IBM System z mainframes and System p servers.

“Insurance companies require core systems that are open, flexible, scalable and secure,” said Norbert Dick, general manager, Insurance Industry, IBM.

“The combination of IBM and Innovation Group technologies coupled with IBM’s systems integration leadership will help joint clients achieve a single view of their customers, lower operating costs, and streamline risk management across the enterprise,” he added.

Innovation Group provides technology-enabled outsourcing services and software solutions to insurers and other risk carriers through its international network of offices.