HCL Technologies Ltd., an IT services companies located in India, announced a strategic alliance with actuarial experts at Eckler Ltd., with an objective of deepening insurance domain expertise. HCL and Eckler will work together on various actuarial consulting and implementation projects across the globe.
"The partnership is reflective of our commitment to grow our financial services business through excellence in domain," says S. Prem Kumar, global head of financial services for HCL. "With Eckler, we would play a major role in one of the most important business functions for insurers."
Actuaries help in designing insurance plans, determining the premium, monitoring the profitability of insurance companies, and recommending corrective action when appropriate.
"With an established reputation in world-class actuarial expertise, we wanted to provide further value to our clients through complementary insurance services," says Sylvain Goulet, principal with Eckler. "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."
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