Financial Daily from THE HINDU group of publications
Friday, Dec 10, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 10, 2004 |
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Info-Tech
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Software HCL Tech signs pact with UK insurance broking firm Our Bureau
New Delhi , Dec. 9 HCL Technologies, a provider of information technology and BPO solutions, today announced that it has entered into an agreement with UK-based insurance broking giant AA Insurance Services, for offering financial services to the latter's customers. "Leveraging its contact centre in Belfast, Northern Ireland, HCL will be selling financial services to AA customers. HCL has regulatory approval for such work and with this contract, make its entry into the front office distribution market for the first time," a company release said here. It is expected that the sales activity for AA will become fully regulated by January 2005. AA Insurance Services — part of one of UK's largest automobile associations — provides competitive quotes for car, home and travel in the UK market. "This work requires HCL to have FSA registration for the new regulatory environment, due in January 2005, which has been achieved and adds valuable expertise to our insurance practice," said Mr Stuart Drew, Managing Director, HCL Technologies Insurance Practice. HCL Technologies Global Insurance Practice offers business solutions to global insurers operating in the life & annuities/pensions, property & casualty/general, health and reinsurance segments. The practice works with over 30 insurance clients worldwide, with operations across the US, UK, India and the Asia Pacific. HCL Technologies BPO is a subsidiary of HCL Technologies, which has scaled up to more than 5,000 professionals.
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