| Polaris FT
Lab Limited (POLS.BO), a global leader in
specialty application development in the
Banking, Financial and Insurance sectors,
today announced the launch of an Insurance
Concept Lab in partnership with Microsoft.
Established in Polaris’ campus in
Chennai, this Concept Lab is aimed at building
innovative solutions for the Insurance industry
in cutting-edge Microsoft technologies.
The Insurance Concept Lab
at Polaris was inaugurated by The lab is aimed at improving
customer acquisition, customer retention,
operational excellence and performance monitoring
of Insurance organizations that are the
key challenges for the Insurance industry.
Polaris has solution showcases for each
of these parameters that influence the Insurance
business. There are 6 solution showcases
currently that addresses the above areas.
The Sales Agent Portal that is built using
Microsoft Dynamics CRM 4.0 is a key solution
that will enhance the operational excellence
by 15%. The time to market and the cost
of ownership is reduced by an estimated
20% as there is an Insurance Lead Management
Framework available as part of the solution.
The Insurance Performance Dashboard built
using the Microsoft SQL Server 2008 Business
Intelligence stack and Microsoft Office
Performance Point Server helps the senior
management to take decisions much faster.
They can take a call by seeing all the data
they require in one dashboard rather than
inferring from multiple reports.
This Insurance Concept Lab
constitutes domain experts, solution architects
and technology specialists from Polaris.
This initiative leverages Polaris’
association with Microsoft as a Microsoft
Gold Certified Partner to build next-generation
Insurance solutions in the latest Microsoft
technologies like Microsoft Office SharePoint
Server, Microsoft Office Performance Point
Server, and Microsoft Dynamics CRM.
Commenting on the launch,
S R Ramaswami, Executive Vice President
and Head – Insurance and Testing,
Polaris FT Lab, said, “This
launch comes close on the heels of Polaris’
acquisition of SEEC
Inc which has the ACORD compliant library
of software components. Insurance industry
is increasing the direct connect with people
in addition to Intermediary channels. People
ready platform is handy and provides new
possibilities for the Insurance industry
to achieve the objective of connect with
the customer. In this direction the Insurance
Concept Lab of Polaris in collaboration
with Microsoft is an enabler and key initiative.”
Rajiv Srivastava, General
Manager, Enterprise, Microsoft India said,
"In the current economic climate, BSFI
companies in India are looking for customer
facing solutions that can help them increase
customer loyalty and enhance the multi-channel
user experience. As a long-time leader in
consumer and business platforms, Microsoft
understands the market pressures that BFSI
companies face and offers a wide range of
technologies to meet their requirements."
"Today, we are delighted
to announce our partnership with Polaris
for the launch of the Insurance Concept
Lab. As a conglomeration of Polaris' domain
expertise and Microsoft's technology leadership
in this space, we are confident that this
joint initiative will bring great value
to the insurance sector by helping the BFSI
companies derive business value and realize
returns on their investments in a matter
of months and not years ", added Srivastava.
Polaris has over 23 Insurance
corporations of the world using its services.
The company’s Insurance practice has
innovative SOA based solutions delivering
the best Price to Performance ratio for
its customers.
Founded in 1975, Microsoft
(NASDAQ "MSFT") is the worldwide
leader in software for personal and business
computing. The company offers a wide range
of products and services designed to empower
people through great software - any time,
any place and on any device. Microsoft Corporation
India Private Ltd is a subsidiary of Microsoft
Corporation USA. It has had a presence in
India since 1990 and currently has offices
in 16 cities - Ahmedabad, Bangalore, Chandigarh,
Chennai, Coimbatore, Hyderabad, Indore,
Jaipur, Jamshedpur, Kochi, Kolkata, Lucknow,
Mumbai, Nagpur, New Delhi, and Pune.
Polaris FT Lab (POLS.BO)
is a recognized global leader in Specialty
Application Development for the Banking,
Financial and Insurance sector, with its
comprehensive portfolio of products, smart
legacy modernization services and consulting.
Polaris has a talent strength of over 10,000
solution architects, domain experts and
technology experts and owns the largest
set of Intellectual Properties in the form
of a comprehensive product
suite and nine
banking platforms for Retail
Banking, Corporate
Banking and Investment
Banking.
For more information, please
visit http://www.polaris.co.in
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