L&T Infotech Awarded Multi-Year Applications Managed Services Contract by Hartford Steam Boiler (HSB)
November 15 2016 - 1:51AM
Business Wire
Engagement will leverage industry best
practices and automation technologies to provide up to 55% cost
savings over three years
Leading global IT services and solutions provider L&T
Infotech (NSE: LTI, BSE: 540005) announced today that it has been
awarded a five-year contract by Hartford Steam Boiler (HSB), a
leading specialty insurer with 150 years of industry leadership in
equipment breakdown insurance and a subsidiary of Munich Re. HSB
provides equipment breakdown, inspection services,
engineering-based risk management and other specialty coverages
that set the standard for excellence worldwide.
A key objective of this engagement is to deliver innovation
& efficiency improvements through:
- Transitioning management of over 100
applications to a managed services model enabling HSB to manage by
outcomes with an SLA driven approach.
- Supporting a wide variety of legacy and
modern technologies such as MS Dynamics, PeopleSoft, MS SharePoint,
.NET, Cognos, among others.
- Providing applications maintenance
services like monitoring, incident management, problem management
and enhancement services like assurance, release management and
deployment.
- Process, platform and architecture
standardization including application decommissioning.
There are other opportunities available to HSB including LTI’s
automation platform, MOSAIC Automation to deliver substantial
digital platform opportunities focused on generating revenue and
cost reduction.
Core business areas covered as part of the engagement include
policy administration, claims, engineering, reporting, financial
systems, and underwriting.
"We chose Larsen & Toubro Infotech’s managed application
services because we anticipate that it will reduce our costs,
permit us to better manage the ongoing support of numerous systems
and allow us to focus our internal expertise on our group
transformation and digital initiatives," said Ron Vernier, chief
information officer, HSB Group.
“We are delighted to be chosen as a strategic partner by HSB for
this transformational engagement. We will leverage our strong
insurance domain credentials and best practices around managed
services to help HSB achieve excellence in service delivery,” said
Anil Vazirani, chief business officer, Insurance, LTI.
About LTI:
Larsen & Toubro Infotech or LTI is a global IT services and
solutions provider with presence in 22 countries. We solve complex
business challenges at the convergence of digital and physical with
our real-world expertise and client centricity. We enable our
clients to build innovative business models, enhance operational
efficiencies and create captivating customer experiences. Visit us
at www.Lntinfotech.com or email us at info@Lntinfotech.com for more
information.
About HSB:
Hartford Steam Boiler (HSB), a member of Munich Re’s Risk
Solutions family since 2009, is a leading specialty insurer
providing equipment breakdown, other specialty coverages,
inspection services and engineering-based risk management that set
the standard for excellence worldwide. We focus on clients and
partner with them to craft inventive insurance and service
solutions to cover existing and emerging risks posed by
technological change. Today, as throughout our 150 year history,
our mission is to use our engineering knowledge and insights to
help clients prevent loss, advance sustainable use of energy
resources and build deeper relationships that benefit business,
industry, public institutions and consumers. HSB holds A.M. Best
Company’s highest financial rating, A++ (Superior). For more
information, visit www.hsb.com and connect on Twitter, Facebook and
LinkedIn.
Additional
Information:
- More about Hartford Steam Boiler
- More about LTI service offerings for
Insurance Industry
- LTI Applications Management
Services
Connect with LTI:
- Read our News and Blogs
- Follow us on Twitter
- Like us on Facebook
- Watch our videos on YouTube
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version on businesswire.com: http://www.businesswire.com/news/home/20161114006732/en/
L&T InfotechNeelian HomemPR & Media Relations -
India+91-900-434-5540neelian.homem@lntinfotech.comorKarin BakisPR
& Media Relations -
USA+1-978-758-3546karin.bakis@lntinfotech.comorKatrina DixonPR
& Media Relations -
Europe+44-771-475-3308Katrina.dixon@lntinfotech.com
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