Information Technology

February 16, 2007
HCL forms strategic alliance with Eckler

MUMBAI -- HCL Technologies, one of India's leading global IT services companies, recently announced a strategic alliance with prominent actuarial experts Eckler with an objective of deepening the company's Insurance Domain expertise. Under the alliance, HCL and Eckler will work together on various actuarial consulting and implementation projects across the globe. The partnership has been signed to leverage capabilities of both organisations in Actuarial services, IT consulting and Implementation.

S. PremKumar, corporate officer and global head, financial services, HCL commented, "The partnership is reflective of our commitment to grow our financial services business through excellence in domain. With Eckler, we would play a major role in one of the most important business functions for Insurers."

Actuaries help in designing insurance plans, determine the premium, monitor the profitability of insurance companies and recommend corrective action when appropriate.

Commenting on the alliance Sylvain Goulet, principal, Eckler said "With an established reputation in world-class actuarial expertise, we wanted to provide further value to our clients through complementary insurance services. HCL provides solid Insurance domain capabilities, expertise in software engineering, project management and importantly, global reach. Partnering with HCL will enable us to offer offshore services needed to enhance our clients' operations."

HCL's Global Insurance Practice offers business driven technology solutions to the insurance industry worldwide. The in-depth experience and competence in domain, technology, tools and test methodologies enables its clients to cope with today's complex business challenges faced in the Insurance world.

The domain excellence is further corroborated by Gartner's highest rating of "Mature" with respect to HCL's capability to Life and P&C ITO services. HCL is among select few IT companies to be awarded with LOMA Excellence in Insurance Education Award for 3 rd year in a row. HCL's integrated services in the areas of software development and maintenance, infrastructure and business process outsourcing (BPO) have helped many Insurance companies realise transformational benefits.