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News >> Technology >>
Mastek launches IT solution for insurers
By agencies
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Wednesday, 21 December 2005, 20:30 IST
MUMBAI: For the first time in India, Information technology company, Mastek Ltd has launched insurance policy administration platform, Elixir. The platform is a perfect solution aimed at insurance companies, which want to launch innovative hybrid products in a shortest time, the Ahmedabad-based company said.
The IT solution will improve efficiency of insurance firms distribution network and enhance competitiveness. Masteks Chairman, Ashank Desai said, The insurance market in India is an exciting one for Mastek. Incomes are rising among the Indian middle class and there's increasing demand for innovative and customized life insurance products.
He said, We are confident that our IT solutions can add significant business value for Indian insurance companies and help them stay competitive.