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HDFC General Insurance Limited wins prestigious 'IT Leadership Award' at the Asia Insurance Technology Awards 2011
 
Mumbai, November 9, 2011: At the glorious awards ceremony of the Inaugural Asia Insurance Technology Awards 2011 held at Seoul, South Korea, L&T Insurance has been awarded the ‘IT Leadership Award’. The awards were organized by the leading Asian insurance magazine, Asia Insurance Review, in association with Celent, an international financial research and consulting firm. The aim of the awards is to recognize excellence and innovation in the use of technology within the insurance industry.

The IT Leadership Award is given to L&T Insurance for displaying clear vision and leadership in the delivery of technology to the business in whole of Asia.  The company has been responsible for deriving genuine value from technology and developing a cutting-edge technology-enabled operating model as a competitive advantage to create service differentiators that are hard to emulate. The company also adopts standard Industry models and frameworks, such as ACORD and SOA, both from the Systems themselves and from an enterprise architecture perspective.

The web-enabled IT landscape of L&T Insurance includes Policy Administration System, Finance and Accounting, CRM, Enterprise BI, Web solutions, Imaging and Mobile solutions for Partners, Customers, Vendors and Service Providers.

Speaking on the occasion, Mr. Joydeep Roy, CEO & Wholetime Director, L&T Insurance said, “We are very pleased to have received this prestigious award at the Asia Insurance Technology Awards ceremony. Our focus on all round excellence, by designing a fully integrated, multi-channel and comprehensive insurance platform has given us a competitive edge that enabled us to win this prestigious award. We will continue to strive with renewed commitment in establishing our standing as the insurer of choice.”

The technology partners of L&T Insurance have been IBM, L&T Infotech, I.D.I. Technologies, IBEXI Solutions and Gradatim. IBM Global Business Services is the main systems integration partner who has worked with the company in realizing this vision, supported by L&T Infotech.

 About L&T
Larsen & Toubro is a USD 11.7 billion technology, engineering and construction group, with global operations. It is one of the largest and most respected companies in India’s private sector. A strong, customer – focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

About L&T Insurance
L&T General Insurance Company Limited (L&T Insurance) is a wholly owned subsidiary of Larsen & Toubro Limited. The Company will provide a complete range of Retail and Institutional insurance solutions catering to the needs of Individuals, Small and Medium Enterprises and Corporates across urban and rural India.

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