Reinsurance News

Coforge and Tokio Marine HCC sign IT partnership

5th December 2022 - Author: Pete Carvill -

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Global digital services and solutions provider Coforge and insurer Tokio Marine HCC have signed a partnership to drive IT transformation, according to a statement from the two firms.

According to the two, TMHCC has worked with Coforge since 2016. Coforge was engaged as an IT partner for its digital process automation capabilities, which will now expand into a global relationship.

The scope of services includes Run, Build and Transform to enable business agility, superior customer experience, and doing more with less. These services cover digital platforms development including UI/UX services, data, and analytical reporting, managed application services and infrastructure services.

Des Burke, Chief Information Officer at TMHCC International, commented: “Our partnership with Coforge allows us to leverage their deep insurance domain expertise and global delivery capabilities, and the breadth of their service offerings ties in well with our key technology investments.”

He added: “TMHCC has an ambitious growth strategy over the coming years as we embark on delivering enhanced business capabilities and embracing new ways of working. Coforge is a vital partner to our execution plan as they work well with our extended IT teams and business partners.”

TMHCC is realigning its IT capability into a product model structure to promote agile, business-aligned delivery. This is part of a wider transformation program to deliver enhanced underwriting and risk solutions supported by enhanced IT capabilities. Coforge and TMHCC are working closely across these initiatives to deliver business value at pace while optimising costs and minimising the risk of delivery.

Rajeev Batra, EVP and Head of Global Insurance at Coforge, said: “TMHCC has been a valued client of Coforge for many years. The specialty insurance market is rapidly evolving as insurers explore innovative ways to manage their risks and conduct their business. Coforge is helping insurance carriers across the globe in navigating this change and ensuring value realisation in a predictable, cost-effective manner. We are proud of the culture and partnership we have carefully curated with TMHCC, and this expanded partnership allows us to invest and support their evolution.”