Birlasoft announces its presence at ACORD LOMA

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PR Newswire | 24 May, 2010
Las Vegas and New Delhi: Birlasoft, the IT services arm of multi-billion-dollar 150-year-old CK Birla Group, announces its presence at ACORD LOMA, USA's foremost insurance exposition to be held at Las Vegas from May 24-26. Named in 2010 by International Association of Outsourcing Professionals (IAOP) among the Best 20 leaders in Financial Services (Insurance) in the Global Outsourcing 100 for service providers sub-list, Birlasoft provides business and domain consultancy services for Life & Annuity, Property & Casualty, Health and Reinsurance companies across the world.

The insurance domain is a growing segment in outsourcing with enormous potential for service providers. IT plays a key role in planning the insurance sector as the service level sensitivity is high with relationships based on security, trust and speed in processing.

Ravi Kathuria, SVP Marketing & Global Alliances, says, "The recent global market events have created unprecedented challenges for the insurance industry -- clients are looking at the ability of service providers to rapidly respond to changing business needs through simplified and agile processes. Our clients are also moving towards selective vendor strategy to drive scale and overall efficiency and firms without clear expertise are getting pushed out. Considering these market dynamics, Birlasoft's high-end domain experts and business analysts focus on chosen areas in the domain to help our clients serve their clients better through evolved or transformed business models that extend market reach and proactively manage risk strategies."

While the Birlasoft advantage lies in complete coverage of domain and technology solution needs for insurers at lower cost with assured quality, the selected areas it has chosen to invest heavily in and offer considerable edge, are group life and benefits, incentive compensation, predictive analytics, compliance management and business intelligence. Birlasoft not only offers competencies in transformation and modernization of legacy applications, but also improves technical & operational efficiency through application consolidation and process consultancy on CMMi, ITIL, PMI, and Six Sigma for evolved delivery.

Birlasoft has been at the forefront of coding, transaction standards, payment, and reimbursement methodologies. It services every facet of the industry. The team has knowledge and expertise in transactions, technology, and federal regulations that extend far beyond electronic data interchange (EDI). With the deadlines for transition to the new HIPAA 5010 standard transactions closing, Birlasoft offers clients edge in HIPAA 5010 & ICD-10 transition and migration through its understanding of payers, providers and government interplay.

Birlasoft is member of Life Office Management Association, USA (LOMA) and American Institute for Chartered Property Casualty Underwriter, USA (AICPCU). Birlasoft has consistently been recognized and been listed as one of the major North American Insurance IT Services Provider in April 2010 report from Celent and September 2009 report by Novarica, an insurance analyst firm.

Birlasoft team will be available to take queries at booth # 831 at the ACORD LOMA event in Vegas between May 24 and 26, 2010.

Most recently, Birlasoft announced the setting up of global delivery centers in mainland China and Mexico, and the acquisition of the Engineering Design Services team of Hindustan Motors & AVTEC as part of its strategic move to build scale in chosen domains and enhance capability in onsite consulting and offshore development services. http://www.birlasoft.com/newsroom/newsroom.html

About Birlasoft

Birlasoft helps clients in Banking & Financial Services, Insurance, and Manufacturing industries become competitive in their business by providing value-based information technology services in onshore, offshore and near-shore models.

Birlasoft's portfolio of services includes application development & management, testing, enterprise resource planning (ERP -- SAP, Oracle, PeopleSoft), business intelligence data-warehousing solutions, customer relationship management (CRM -- Siebel), enterprise & IT asset management (EAM, ITAM -- IBM), portfolio management (PPM -- HP), process consulting, and managed infrastructure services.

Birlasoft's robust delivery processes embrace digitized project management methodologies, embedded within proven practices of Six Sigma, SEI CMMI Level 5 on continuous representation, and a secure services framework.

Headquartered at Delhi NCR region in India, Birlasoft has presence across Americas, Europe, Australia, ASEAN and India. For further information, go to http://www.birlasoft.com.