Infosys Technologies ranks eighth on 2006 Fintech Top 10 companies serving Insurance Industry
New Ranking Confirms Infosys' Enhanced Position in Insurance Market
Fremont, California. November 09 2006: Infosys Technologies (NASDAQ: INFY), a world leader in information technology services, today announced that the company has been selected to FinTech's ranking of the Top 10 IT Companies serving the Insurance industry. Ranked eighth, the listing validates Infosys' growing leadership position in the insurance marketplace.
"The insurance industry continues to look for ways to grow profitably and our offerings are playing a larger role than ever before in helping clients modernize their business and technology architectures, equipping them better to compete in a flattening world," said Eric Paternoster - Vice President and Head of Infosys' Insurance, Healthcare and Life Sciences business unit. "Our unit continues to grow as an increasingly productive piece of Infosys' overall business."
"The ranking on the FinTech insurance industry list demonstrates Infosys' growing presence and strength in the insurance industry," said Brian Kearns, Infosys' Insurance Industry Head. "We already offer solutions in critical, high-impact areas such as Underwriting, Claims Processing and New Business Processing and will continue to evolve our offerings in response to market drivers. We enable industry players to streamline business processes, optimize IT infrastructures and leverage technology to achieve greater efficiencies, speed up product innovation and strengthen customer and channel servicing."
The annual FinTech 100 listing consists of the top technology vendors from around the world that derive more than one third of their revenue from the financial services industry. These companies are then ranked by sales into each industry segment. Published by American Banker and Financial Insights, an IDC company, the FinTech 100 is based on data gathered from vendor surveys, original research and market analysis conducted by Financial Insights.