Murli Nambiar is happy today. A physics graduate from Bombay University Murli Nambiar is spelling his success streaks in one of India’s leading private sector financial services company —Reliance Life Insurance with his IT and Information security strategy and implementation. Having 19 years of IT experience and has worked for premier organizations like Mashreq bank and ICICI Bank, he successfully held the position of Chief Technology Officer.
Reliance Life Insurance is a Reliance Capital Company and is part of Reliance Group. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services. The firm offers products that fulfill savings and protection needs to a wide array of clients. Reliance Life Insurance recently recorded a 140 per cent jump in profits in the current financial year (June 2012) and is poised to grow drastically in the coming years.
In a candid Chat with Murli Nambiar, he attributes these current successes to a strong will to achieve and constant innovations within the organization.
Initiatives driving in the organization
One of the major initiatives taken up is the consolidation of reporting applications into SaaS. One application does the entire reporting for the business side and another aspect is the usage of SaaS for data analytics, which is used for prediction and retention of customers. Currently the organization is exploring the usage of tablets and smart phones to increase productivity and give access to data literally on the fingertips. Moreover, virtualization and consolidation of servers has recently been finished, which has reaped huge financial benefits.