Partner Channels: Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
May 5, 2001
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women Partner Channels: Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel |
||
|
|
||
|
Home >
Money > Business Headlines > Report May 5, 2001 |
Feedback
|
|
|
Infosys to develop solutions for New York LifeBS Bureau New York Life International Inc, the overseas arm of New York Life Insurance Company and Infosys Technologies Ltd, have announced the first phase of their worldwide expansion project, which began with India last month. A press statement from Infosys said that New York Life Insurance is expanding its business to countries throughout Asia and Latin America. This requires the development of robust life insurance business systems for each country. Infosys has been selected to design, develop, implement and deploy this solution. Using "Amarata"- a business process environment and software framework designed specifically for the insurance industry by Sherwood International - Infosys is working on systems fulfilling the requirements of each market where New York Life International has a presence, the statement said. In India, New York Life International has entered into a joint venture with Max India for floating a 26:74 per cent insurance company. "New York Life has set aggressive targets for expansion into new markets," New York Life International chief operating officer Cynthia Vaiko said in a statement. "Infosys has developed an innovative framework to develop products and launch operations for each country at more affordable costs," Infosys board member and head of worldwide sales and marketing Phaneesh Murthy said. The systems for the first of these markets - India, went live in April, providing Max New York Life, the company's Indian joint venture, with the necessary software applications to conduct business. As part of the first phase of this project will be carried out in Asia this year. Subsequent phases will target countries in Latin America. "Going into this project, we had to look at balancing the objectives of each new market for New York Life International, while also turning to optimise cost by effectively leveraging the advantages of reuse and repeatability," Infosys vice-president for delivery systems Mohan Sekhar said. "We have seen benefits of using Infosys since the beginning. From the very start, Infosys applied the skills required to get this project on track and keep it there," New York International chief information officer Mervyn Wallis said. As a result, they quickly provided the project management skills to deliver within set deadlines, he added. New York Life International is looking forward to building a long relationship with Infosys," he said. Powered by YOU MAY ALSO WANT TO READ:
|
||||
