Home > News and Eventsnone
- News and Events
- Press Release
- Fact Sheet
- Media Contact
- MindTree Logo
- MindTree in Media
- News Archives
- Events
July 05, 2006 - Bangalore
MindTree Consulting, a leading international IT and R&D services company, announced today that it has signed an exclusive partnership with LANSA, an Australia-based, leading provider of application development and integration software. Through this partnership, MindTree will be the sole Indian reseller and implementer of InsureIT, an Interactive Internet Transaction Processing Framework for Insurance Companies. InsureIT is an e-Commerce and Quotation Management framework catering to the needs of the general and life insurance categories. It provides insurance companies and brokers with a fast, efficient and easy way to build web-enabled insurance products. This is also a key milestone for MindTree as it steps-up MindTree’s focus on the Indian market.
InsureIT promises to increase the automation efficiency of the Indian insurance industry, thereby enhancing the industry’s maturity. The insurance industry today faces multiple challenges in the application and quotation processes owing to the absence of an integrated management framework. A large proportion of web-based quotation implementations are stand-alone and require response to system-generated emails or re-keying of quotes generated from an independently maintained rating engine. This leads to duplicate data entry, resulting in delays. Another issue is that they either respond to direct input from consumers or to indirect business from brokers and agents, but not both. InsureIT on the other hand allows insurers to connect with both customers and channels to market, and also offers special facilities for call center, staff and management access.
Insurance companies can now develop an interactive web presence which links in real time to their back-office policy administration system. A sophisticated rating engine is also provided, together with the option to link to external rating engines if required.
MindTree Senior Vice president and head System i and Mainframe Practice, Rajan Narayanan said, “Most insurance companies in India are using legacy systems for their back-end operations. We are bringing to the Indian insurance sector an e-commerce framework for insurance products that is robust, efficient, easy to maintain, and more future proof than any other solution available today. This means that insurance products can be built exceptionally quickly and maintained easily by non-technical users.”
MindTree Consulting has been closely associated with LANSA both in Australia and U.S. and is in a unique position to leverage and extend its relationship for the benefit of its customers. MindTree has been building and adapting mission critical applications using the LANSA family of products and tools, including host-based System i systems, client/server, data warehousing and Internet applications. MindTree has already built web-based solutions using LANSA for a U.S.-based insurance company. LANSA consultants at MindTree have expertise in systems integration, project management, application development, data and process modeling, programming and education.
Insure IT is a framework developed by MDC Information Systems, based in Dublin, Ireland.
MindTree has been named the leading service provider in the “Human Capital Development” category by Global Services magazine. MindTree was also among the top 10 leading service providers worldwide on the publication’s inaugural 2006 Global Services 100 ranking. MindTree was rated among the world’s top 30 offshoring services providers by the International Association of Outsourcing Professionals. MindTree has been recognized as one of the fastest growing technology companies in India by Deloitte Touche Tohmatsu in the “Deloitte Technology Fast 50 India” program. MindTree has been ranked among the “Best Companies to Work for in 2005” in the Business Today-Mercer-TNS study. MindTree has also been ranked among “Great Places to Work” for the second consecutive year in 2005 in a study conducted by Grow Talent Company and Businessworld, and as one of the “Best Employers in India” for the second consecutive year in 2004 by Hewitt Associates. MindTree is also the world.
MindTree and LANSA tie up to fuel the maturity of Indian insurance industry
MindTree to help Indian insurance companies offer go-to-market, web-enabled insurance products for the first time in IndiaMindTree Consulting, a leading international IT and R&D services company, announced today that it has signed an exclusive partnership with LANSA, an Australia-based, leading provider of application development and integration software. Through this partnership, MindTree will be the sole Indian reseller and implementer of InsureIT, an Interactive Internet Transaction Processing Framework for Insurance Companies. InsureIT is an e-Commerce and Quotation Management framework catering to the needs of the general and life insurance categories. It provides insurance companies and brokers with a fast, efficient and easy way to build web-enabled insurance products. This is also a key milestone for MindTree as it steps-up MindTree’s focus on the Indian market.
InsureIT promises to increase the automation efficiency of the Indian insurance industry, thereby enhancing the industry’s maturity. The insurance industry today faces multiple challenges in the application and quotation processes owing to the absence of an integrated management framework. A large proportion of web-based quotation implementations are stand-alone and require response to system-generated emails or re-keying of quotes generated from an independently maintained rating engine. This leads to duplicate data entry, resulting in delays. Another issue is that they either respond to direct input from consumers or to indirect business from brokers and agents, but not both. InsureIT on the other hand allows insurers to connect with both customers and channels to market, and also offers special facilities for call center, staff and management access.
Insurance companies can now develop an interactive web presence which links in real time to their back-office policy administration system. A sophisticated rating engine is also provided, together with the option to link to external rating engines if required.
MindTree Senior Vice president and head System i and Mainframe Practice, Rajan Narayanan said, “Most insurance companies in India are using legacy systems for their back-end operations. We are bringing to the Indian insurance sector an e-commerce framework for insurance products that is robust, efficient, easy to maintain, and more future proof than any other solution available today. This means that insurance products can be built exceptionally quickly and maintained easily by non-technical users.”
MindTree Consulting has been closely associated with LANSA both in Australia and U.S. and is in a unique position to leverage and extend its relationship for the benefit of its customers. MindTree has been building and adapting mission critical applications using the LANSA family of products and tools, including host-based System i systems, client/server, data warehousing and Internet applications. MindTree has already built web-based solutions using LANSA for a U.S.-based insurance company. LANSA consultants at MindTree have expertise in systems integration, project management, application development, data and process modeling, programming and education.
Insure IT is a framework developed by MDC Information Systems, based in Dublin, Ireland.
About LANSA
LANSA is a leading provider of application development and integration software. The company’s core offering, LANSA 2005 is a powerful suite of cross-platform development and integration products that enables software delivery organizations to overcome the complexity inherent in creating today’s applications and to greatly reduce the costs associated with maintaining them. LANSA 2005 also serves as the technology foundation for a wide range of business applications from LANSA and its 300 Solution Partners. For almost two decades, more than 7,000 customers around the world have relied on LANSA products and services to help them move to the next level of business performance. For more information, please visit: www.lansa.comAbout MindTree Consulting
MindTree Consulting is an international IT services company with development centers in India and the U.S. The Company provides end-to-end project execution through a hybrid delivery model called OneShore™.www.lansa.com With clients ranging from Fortune 50 companies to enterprise software organizations, MindTree delivers global technology solutions and outsourced R&D services to innovative technology leaders around the world.MindTree has been named the leading service provider in the “Human Capital Development” category by Global Services magazine. MindTree was also among the top 10 leading service providers worldwide on the publication’s inaugural 2006 Global Services 100 ranking. MindTree was rated among the world’s top 30 offshoring services providers by the International Association of Outsourcing Professionals. MindTree has been recognized as one of the fastest growing technology companies in India by Deloitte Touche Tohmatsu in the “Deloitte Technology Fast 50 India” program. MindTree has been ranked among the “Best Companies to Work for in 2005” in the Business Today-Mercer-TNS study. MindTree has also been ranked among “Great Places to Work” for the second consecutive year in 2005 in a study conducted by Grow Talent Company and Businessworld, and as one of the “Best Employers in India” for the second consecutive year in 2004 by Hewitt Associates. MindTree is also the world.
