Infosys, a global leader in consulting, technology and outsourcing solutions, today announced that it has signed a five-year agreement with Länsförsäkringar AB (LFAB) to provide application development and management support for its life and non-life insurance business.
The new agreement with Infosys will see Länsförsäkringar AB, owned by Länsförsäkringar Alliance, a mutual organization of 23 regional insurance companies with a strong local brand, improve the quality of service and time to market for its alliance members at a reduced cost.
- Infosys will be responsible for the development and management of more than 200 applications across LFAB’s lines of business.
- To support this engagement, Infosys will provide support from global facilities as well as its local offices in Stockholm, Östersund and Linköping.
- Infosys and LFAB will work together to improve the systems and processes so that member companies enjoy a more consistent approach to claims and policy administration.
Sören Westin, Chief Operating Officer, Länsförsäkringar AB:
“Infosys demonstrates strong insurance industry expertise as well as a track record in application development and management. Their commitment to significantly strengthen their local footprint reflects our belief in the importance of local customer service.”
B.G. Srinivas, President, Member of the Board and Head of Europe, Infosys:
“Our partnership with Länsförsäkringar AB will allow the company to transform and optimize their systems and processes and benefit from improved operational performance. Our talented team based in Sweden will play a central role in delivering world-class services to LFAB using an optimal combination of nearshore and global delivery capabilities.”
- View Point: Insurance modernization: New demands, new approaches
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www.infosys.com to see how Infosys (NYSE: INFY), with $7.4B in annual revenues and 158,000+ employees, is Building Tomorrow's Enterprise® today.
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