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HCL Confirms Strategic Partnership With Shanghai-Based Insurance Solutions Provider

HCL confirms strategic partnership with Shanghai-based insurance solutions provider eBaoTech Corp. for joint delivery with of Web-based core insurance process management solutions.

HCL Technologies Ltd (Noida, India) announced its strategic alliance with eBaoTech Corp., a Shanghai-based provider of software and services for the life and general insurance industries. The partnership supports HCL's commitment to provide Business Aligned IT, which the company describes as an approach that provides customers with the most optimal platform aligned to their business goals.

HCL will work with eBaoTech to identify the potential fit of eBaoTech products in select geographies. Customers will now have access to a single integrated entity that can help them modernize their core business management systems, offer best-of-breed functional product capabilities, technology and service quality. According to the partners, this ensures business stability, a risk-sharing attitude and a global reach through cost-effective solutions.

Premkumar S, Member of Management Council & Corporate Officer, Global Business Sponsor - Financial Services - HCL Technologies, said in a statement, "We are very excited about our partnership with eBaoTech as part of our product partnerships portfolio and see a lot of potential across major focus markets We have already seen early success for the partnership as our first joint proposition was accepted as the preferred option for one of the most prestigious and large core insurance platform modernization projects in India. We are confident of replicating this success across other geos by offering transformational value to our customers jointly."

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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