Mahindra Satyam to develop IRDA's IT project

NEW DELHI, INDIA: Mahindra Satyam has been selected by insurance regulator IRDA to develop and implement an IT system for monitoring surveyors, according to a PTI report.

“... Mahindra Satyam has been selected as an implementing agency for the development and implementation of Integrated Surveyor Licence Management System (ISLMS),” IRDA said today.

The selection was made following a detailed scrutiny of the commercial proposals submitted by shortlisted IT firms and further evaluation, the regulator said.

The other shortlisted firms included, Tata Consultancy Services, CMC, NSE IT, NIIT Technology, R Systems International and L&T Infotech.

In order to have an effective licence generation, renewal and monitoring mechanism, IRDA intends to create ISLMS to facilitate the surveyor to register online and see their licence issuance and renewal status.

IRDA hopes ISLMS would further create an environment for non-Life companies to not only display the list of their empanelled surveyors but also update their performance periodically.