(Walking trail in Somerset County, N.J., home to IGATE. Credit: Joiseyshowa.)
IGATE (Bridgewater, N.J.) has entered a strategic alliance with actuarial firm Milliman (Seattle) to include its actuarial expertise as part of the IGATE Business Administration Services (IBAS), the vendor’s third-party administration (TPA) unit.
IGATE and Milliman will begin using each other’s professional services in the long-term care (LTC) insurance industry, according to an IGATE statement. Milliman’s expertise and service offerings in the areas of in-force block management, valuations, and re-rate filings, will now be available to IBAS’ new and existing clients as part of its traditional TPA offering, IGATE reports.
Enhanced Value Proposition
“We are excited about the prospect of this relationship,” comments Partha Deka, Vice President, IBAS. “We believe that through this alliance, Milliman’s leading actuarial service offerings will enhance the overall proposition of our LTC TPA solution and further consolidate our position as a leading provider in this space.”
Sanjay Tugnait, head of IGATE’s Americas business characterizes the IBAS TPA solutions as a key business for the company. “We are continuously investing in our ecosystem to bring value to our clients,” he says. “The alliance with Milliman is an integral part of our go-to-market approach to have strategic partners in key areas.”
“The IBAS-Milliman relationship will further solidify and expand Milliman’s strong footprint in the LTC insurance industry and help us take new innovative solutions to the market,” comments Dawn Helwig, principal, Milliman.
Al Schmitz, principal, Milliman, comments, “We are excited to work with IBAS and leverage the synergy that comes from a flexible TPA platform that produces high quality data that will feed into our actuarial analyses and reports.”