(Connecticut State Capitol in Hartford, home of Insurity. Photo by author.)
L&T Infotech (LTI), a Mumbai-based global IT services and solutions provider, reports that it has completed the transition phase of a strategic long-term managed services engagement with core insurance system vendor Insurity (Hartford, Conn.) to provide end-to-end quality assurance services across clients and product lines. The multi-year, multi-million-dollar contract was signed in July 2016. The transition phase was completed in 90 days, meeting the terms of the agreement between the two parties.
Anil Vazirani, Chief Business Officer, Insurance, LTI.
LTI describes its engagement with Insurity as impacting the vendor’s entire product lifecycle, including test strategy, planning, automation and test execution, while reducing the time required to bring solutions to market. The results the parties anticipate include continuous improvements to Insurity’s product and services and substantial savings in operating costs.
The engagement has been implemented in an outcome-based managed services model with high degree of test automation, and is custom-designed to achieve higher quality across Insurity’s comprehensive suite of insurance technology solutions, which are currently in production with more than 100 insurer, according to an LTI statement.
Deep Domain Expertise, Mature PM Skills
“Our clients include some of the largest global insurance companies and they demand high service standards for their mission critical systems,” comments Bob Larew, Chief Operating Officer, Insurity. “LTI brings deep insurance domain expertise and mature program management skills that help us meet high expectations of our clients consistently.”
Outcome-based models and automation opportunities are changing the way managed services engagements are delivered, according to Anil Vazirani, Chief Business Officer, Insurance, LTI. “LTI’s MOSAIC Automation platform will help Insurity discover automation opportunities faster and enable real-time governance,” he says. “We are happy to help Insurity and its clients that rely on this platform for their core operations.”
Insurity Gets Infusion of Growth Capital from PE Firm General Atlantic
Another very strong and powerful post. I’ve been reading through some of your previous posts and finally decided to drop a comment on this one. I signed up for your newsletter, so please keep up the informative posts!
Outsourced IT Services Dallas