Modern insurance processing core system suite promotes real-time access and ease of doing business for agents and policyholders
Norwich, Conn. and Noida, India – July 08, 2019 - HCL Technologies (HCL), a leading global technology company, and NLC Insurance Companies today announced that NLC is now in production with Guidewire InsurancePlatform™, integrated with the SmartCOMM™ document management system. The new core processing, data, and document management systems have been deployed for NLC’s Massachusetts agents and policyholders. The systems will allow agents faster access to information, including integrated and automated underwriting rules and reports, to provide a more efficient work environment for them as well as better service for their customers. The deployment work continues with the systems launching in Connecticut and Rhode Island later this year.
Rahul Singh, President and Global Head of HCL Financial Services said, “HCL is excited to partner with NLC in implementing a state-of-the-art integrated system with Guidewire’s industry platform and surrounding ancillary third-party systems. By leveraging HCL-developed Guidewire accelerators and other automated frameworks and levers, NLC is able to deliver a timely product, streamlined workflow, and optimal service to their agents and customers. We congratulate and commend the NLC leadership team for its investment, commitment to excellence, and on achieving highly satisfied customer feedback of the system early in its roll-out cycle.”
“NLC’s investment in modernizing our insurance processing systems directly supports our company’s objective of making it easier, faster, and more reliable for our agents and policyholders in doing business with NLC Insurance Companies,” said James Parylak, Vice President & CIO. “Our business and IT teams have worked closely with HCL to ensure that the implementation and conversion/migration off legacy applications is seamless and the learning process for users is intuitive, allowing our agents and policyholders to have a delightful experience in their insurance servicing needs from day one.”
About HCL Technologies
HCL Technologies (HCL) is a leading global technology company that helps global enterprises reimagine and transform their businesses through Digital technology transformation. HCL operates out of 44 countries and has consolidated revenues of US$ 8.6 billion, for financial year ended 31st March, 2019. HCL focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCETM Autonomics to transform clients' business and IT landscape, making them 'lean' and 'agile'. Mode 2 focuses on experience–centric and outcome–oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 strategy is ecosystem–driven, creating innovative IP–partnerships to build products and platforms business. HCL leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi–service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 137,965 professionals from diverse nationalities, HCL focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please visit www.hcltech.com
About NLC Insurance Companies
NLC offers homeowners, personal automobile, dwelling fire, commercial package policies and personal and commercial umbrella policies through a network of over 200 independent agencies throughout Southern New England. NLC is a proud member of the National Association of Mutual Insurance Companies, the American Property Casualty Insurance Association, American Association of Insurance Services and other important Property Casualty organizations on both state and federal levels.
NLC is very proud of its over 190 years of service to Agents and Policyholders as well as its excellent, professional staff and we look forward to many more successful years of service. For more information, please visit www.nlcinsurance.com
Forward-looking Statements
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the Management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
For further details please contact:
Anne Coyle, US
Elka Ghudial, Europe
Devneeta Pahuja, India and APAC