United India, HP sign contract for insurance soln

Chennai, Nov 22: United India Insurance Company Limited (United India) today entered into a Rs 100 crore-contract with Hewlett-Packard (HP) for complete turnkey solutions in core insurance.

United India Insurance Chairman and Managing Director G Srinivasan told newspersons here today that under the contract, signed for seven years, HP would supply, customise, implement and maintain core and other application software and hardware systems.

At the end of contract, the solution would seamlessly be handed over to United India personnel.

The solution would deliver innovative processing concepts and sophisticated internet-based delivery channels to capitalise future channels to markets, he said, adding it would also automate and streamline United India's whole insurance value-chain from back-office administration to online claims and business performance reporting.

The project involved implementation of insurance products, the creation of an online capability and effective business practices.

HP would implement SAP ERP platform for enterprise wide financial accounting and human capital management solution, he said.

HP Managing Director Balu Doraisamy said ''this partnership is a further endorsement of HP's proven success in implementing core projects and IT transformation solutions for leading banks and financial institutions in India, helping them leverage IT for best business outcomes.'' UNI