HCL Technologies forms strategic alliance with Eckler to strengthen Insurance Domain expertise

HCL Technologies Ltd on February 13, 2007, has announced a strategic alliance with prominent actuarial experts Eckler Ltd with an objective of deepening the Companys Insurance Domain expertise. Under the alliance, the Company and Eckler will work together on various actuarial consulting and Implementation projects across the globe. The partnership has been signed to leverage capabilities of both organizations in Actuarial services, IT consulting and Implementation.S Premkumar, Corporate Officer and Global Head, Financial Services, of the Company commented, The partnership is reflective of our commitment to grow our financial services business through excellence in domain. With Eckler, we would play a major role in one of the most important business functions for Insurers.Actuaries help in designing insurance plans, determine the premium, monitor the profitability of insurance Companies and recommend corrective action when appropriate.The Companys Global Insurance Practice offers business driven technology solutions to the insurance industry worldwide. The in-depth experience and competence in domain, technology, tools and test methodologies enables its clients to cope with todays complex business challenges faced in the Insurance world. The domain excellence is further corroborated by Gartners highest rating of Mature with respect to the Companys capability to Life and P&C ITO services. The Company is among select few IT Companies to be awarded with LOMA Excellence in Insurance Education Award for 3rd year in a row. The Companys integrated services in the areas of software development and maintenance, infrastructure and business process outsourcing (BPO) have helped many Insurance Companies realise transformational benefits.