EXL announces client expansions

By siliconindia   |   Saturday, 21 June 2008, 01:32 IST
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New Delhi: ExlService Holdings (EXL), a provider of transformation and outsourcing solutions, has announced a series of new client wins in the insurance vertical. EXL's CEO and President, Rohit Kapoor, stated, "EXL continues to extend its leadership position and momentum in the insurance vertical. It is clear that our transformation skills in analytics services, Six-Sigma process re-engineering services, and risk advisory services have become critical differentiators for us in the marketplace. These unique transformation skills, when combined with our vertical expertise in insurance, have resulted in strong market acceptance from both new and existing clients for EXL's services. I am proud to announce two new outsourcing wins, three new transformation wins, and two new expansions with existing outsourcing clients into the Philippines, all within the insurance vertical." EXL has recently won two new outsourcing clients in the insurance vertical including a U.S. financial services and insurance provider, a U.S. provider of mortgage insurance. EXL has recently won three new transformation services assignments in the insurance vertical. Out of those, one is for an existing client and two are for new clients including a strategic cost optimization and consolidation project involving extensive use of EXL's Six-Sigma process re-engineering professionals for one of the major UK insurance companies. Another one is an enterprise back-office consolidation and re-engineering project for a leading life insurance provider to the Americas. And the third one is a pan-European cost reduction assessment with a global multi-line insurance provider. Following on the announcement last quarter of the commencement of work in the Philippines with a leading U.S. insurance client, EXL has been selected by two additional existing insurance clients to supplement the suite of services currently provided from India into the Philippines.