Hexaware partners eBaoTech to strengthen insurance services

IT and BPO services and consulting company Hexaware Technologies today announced a global partnership with eBaoTech, a leading provider of new generation insurance software to strengthen its insurance service business.

eBaoTech provides a complete suit of core application software and services for life and general insurance industries and the strategic alliance would enable Hexaware to implement and maintain eBaoTech products for insurers in UK, North America, European Union and other select markets, a Hexaware release said.

Besides, Hexaware said, the partnership will bring a complete suite of offerings under one umbrella, thus bringing value in terms of faster implementation timeframes, greater stability and reduced costs.

"As partners, eBaoTech will offer robust, comprehensive, service oriented architecture based best-of-breed policy administration systems to insurers; while Hexaware will provide end-to-end system integration services like implementation, testing, integration and support for eBaoTech installations globally," the release said.

"With over 14 years of experience in the insurance industry, Hexaware has a deep understanding of this domain and clearly shares our vision to create a new global standard for core policy administration systems using modern technologies and innovative business models. We are proud to work with Hexaware to accomplish this vision over the next few years," said Daniel Adamec, managing director of eBaoTech Corporation, responsible for global alliances.

"We at Hexaware are excited about our collaboration with eBaoTech. Their insurance applications are fairly mature, highly configurable and enable a quicker launch of products. Our partnership will help us offer a world class solution and add more value to our existing and potential customers," said Amberin Memon, vice president and global head - insurance vertical, Hexaware Technologies, Ltd.