MUMBAI, India, March 31, 2010 /PRNewswire/ -- Hexaware Technologies, a leading global provider of IT BPO services and consulting, today, announced a global partnership with eBaoTech, a leading provider of a complete suite of new generation core application software and services for life and general insurance industries.
IT will help insurers improve their underwriting by ensuring correct pricing of policies as well as enable them to retain accounts for the entire length of the policy duration by focusing on customer retention strategies. This will in turn increase the demand for packaged solutions with modern technology and innovative delivery models. Hexaware and eBaoTech partnership will address this need with a complete suite of offerings under one umbrella, thus bringing value in terms of faster implementation timeframes, greater stability and reduced costs leading to greater ROI.
As partners, eBaoTech will offer robust, comprehensive, SOA based best-of-breed policy administration systems to insurers; while Hexaware will provide end-to-end system integration services like implementation, testing, integration and support for eBaoTech installations globally. Insurance customers will thus benefit from a modern policy management system.
With over 14 years of experience in the insurance industry, Hexaware has a deep understanding of this domain and clearly shares our vision to create a new global standard for core policy administration systems using modern technologies and innovative business models. We are proud to work with Hexaware to accomplish this vision over the next few years, said Daniel Adamec, Managing Director of eBaoTech Corporation, responsible for global Alliances.
We at Hexaware are excited about our collaboration with eBaoTech. Their insurance applications are mature, highly configurable and enable a quicker launch of products. Our partnership will help us offer a world class solution and add more value to our existing and potential customers, said Amberin Memon, Vice President and Global Head Insurance Vertical, Hexaware Technologies, Ltd. Hexaware will follow the Center of Excellence model to build and extend expertise around eBaoTech's core insurance solutions and its integration with other software packages like Enterprise Systems in HR Financial, Document and Content Management, Business Intelligence and Analytics (BI A) in order to provide insurance-apps-in-a-box solutions to our customers. Hexaware will work closely with eBaoTech to identify focus markets and would formulate cohesive solution strategies to maximize each others' existing presence in these markets.
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Effie D'Cunha, effiec@hexaware.com, +91-22-66542682 / 83
SOURCE: Hexaware Technologies Ltd
CONTACT: Effie DCunha, effiec@hexaware.com, +91-22-66542682 / 83
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