ATLANTA, Sept. 25, 2019 /CNW/ -- Infosys McCamish, a US-based subsidiary of Infosys BPM and a leading developer of platform-driven solutions and services in the insurance and financial services industry, launched Infosys McCamish NGIN, a new industry platform for the Global Life Insurance and Annuity industry. This platform is founded on an evolutionary architecture, configurable to address global and regional needs of insurance carriers. With plug-and-play components using open source technologies, it is simple to use, enhances time-to-market, and promotes a superior digital experience, while driving substantial operational efficiencies.
Infosys McCamish NGIN is designed to be a single, go-to platform, comprising a comprehensive set of functionalities across all product lines and value chain functionalities. It encompasses features for term, whole life, universal life, and annuities. At the heart of the platform is a geo and tax regime independent core, and can be extended to meet regional and client-specific needs.
Richard Magner, CEO and Managing Director, Infosys McCamish Systems, said, "The global life insurance and annuity industry is at an opportune moment to take advantage of the paradigm shift in the technology landscape, especially the API economy and cloud. The industry is in need of a survival critical platform that also enables accelerated profitable growth. Our platform will not only help the industry to prosper in the longest ever low interest regime, but also enable accelerated profitable growth through its state-of-the-art capabilities and features. Infosys McCamish provides platform-based solutions and services, and Infosys McCamish NGIN is the newest addition to our solution stack. Our rich experience of over 22 years enables our business partners to better navigate their digital journeys."
Goutam Datta, CIO, Bajaj Allianz Life Insurance, said, "We are looking to scale up our life insurance business and are investing in new technology capabilities. This includes core platform and increasing digitalization to provide superior service to our customers. We were looking for a platform that improves efficiency, speed to market, and flexibility, and expect to find the right solution in the new platform from Infosys McCamish. We are partnering with them in this important transformation initiative for our company. We are excited about the formal launch of this new platform at InsureTech Connect 2019 and congratulate Infosys McCamish on this occasion."
About Infosys McCamish
Infosys McCamish (www.infosysmccamish.com), a U.S.-based subsidiary of Infosys BPM, a part of Infosys (NYSE: INFY), is a leader in providing best-in-class technology platforms and service solutions for the financial services industry. With deep domain experience with Life Insurance companies, Work Site Product providers and Retirement companies globally, we partner with our clients to help them stay ahead of the innovation curve. Our technology platforms and services, combined with execution excellence and proven best practices, optimize our clients' operations today while building tomorrow's enterprise.
About Infosys BPM
Infosys BPM Ltd., the business process management (BPM) subsidiary of Infosys Ltd. (NYSE: INFY), was established in April 2002. We offer integrated end-to-end transformative BPM services and have journeyed through the table-stakes of effectiveness and efficiency with an ever-increasing focus on enhancing stakeholder experience and empathy. We enable clients to navigate their digital journey, operating from 32 delivery centers across 16 countries. We employed 38,886 people from over 100 nationalities, as of June 30, 2019.
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements mentioned in this presentation concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2019. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.