Insurance

HCL's Global Insurance Practice offers business-driven technology solutions to the insurance industry worldwide. Our in-depth experience and competence in domain, technology, tools and test methodologies helps our customers cope with today's complex business challenges in the Insurance world.

The Global Insurance Practice, till date, has successfully completed over 100 major Insurance projects for more than 30 companies across 9 countries impacting multiple lines of business-critical Insurance processes. The Practice has over 1500 professional person years of experience of providing Insurance solutions to multiple Insurance carriers across multiple geographies. In addition to inducting industry experts, HCL firmly believes that engineers must also equip with functional knowledge to improve their productivity through a better understanding of functional requirements. With its policy to have at least 50% of its workforce qualified in Insurance domain certification, more employees are undertaking certifications and are under various stages of the certification stages.

Gartner assessed HCL at their highest rating of "Mature" with respect to HCL's capability to deliver Life and P&C ITO services. HCL was also ranked second out of only five companies that have provided services across all Insurance product segments and service lines.

As Insurance carriers leverage a global sourcing model for step-change improvements in their business, HCL is uniquely equipped to deliver superior value and innovation with the industry's broadest service offerings, domain depth and innovative engagement models.

Highlights

• HCL pioneered the concept of setting up an independent Insurance Solutions Development center with a focus to bring in unparalleled domain and technology skills for the global insurers.
• The dedicated Insurance Solutions Development Center in India has successfully completed over 100 major insurance assignments spanning across Life Insurance, P&C Insurance and Reinsurance and boosts of 5000 man-years of Insurance experience
• In-depth expertise across the Quote-to-Claim cycle
• Solution Accelerators - Insurance Business Enabler, Insurance Policy Migration Tool
• Quality Focus: SEI CMM Level 5, ISO 9001:2000, BS7799 certified
• Over 50% of Professionals enrolled in leading Insurance certification programs: LOMA, IIA/ CPCU, CII
• Strong commitment to building domain depth. Awarded "Excellence in Insurance Education" for 3rd year in a row by LOMA.
• Strategic partnerships forged to deliver end-to-end Insurance solutions with FIS (Life Insurance & Pensions) and TIA (Non-Life Insurance). HCL is a leading partner for Guidewire Software, a leading provider of claims solutions to property andcasualty insurers.

HCL is one of the few centers in India who have been authorized to administer online examinations for both Life (LOMA, USA) and Non-Life (AICPCU, USA).

HCL is also one of the select companies worldwide, awarded in three consecutive years with "Excellence in Education" by LOMA, USA.