Birlasoft's Solutions for Solvency II ComplianceBy Birlasoft, PRNE
Monday, February 28, 2011
LONDON, March 1, 2011 - Birlasoft, the IT services enterprise of the 150-year-old, multi-billion
dollar CK Birla Group, today launched "Birlasoft Solvency II solution" at a
successful breakfast event with key decision-makers from the Insurance
industry. The participants at the event discussed the "Alternative
Perspective on Solvency II".
Solvency II, the EU insurers' regulation which aims to improve the link
between capital and economic risk, will also have a profound strategic impact
on the organizations IT infrastructure and system areas. Birlasoft presented
its approach and solutions around the 3 pillars (1. Demonstrating adequate
Financial Resources; 2. Demonstrating an adequate System of Governance; 3.
Disclosure) with a specific focus on Integrating disparate data sources &
restructuring MIS wrapped up by People Risk under Pillar II' System of
Governance. The discussion focused on effective integration and configuration
of existing solutions, to address emerging challenges, rather than investing
significantly in new systems.
According to Preeti Das, SVP & Head-Global Insurance (Practice & Sales),
Birlasoft, "In our Pound-pressured IT environment, we believe that
compliance regulations need to be cost effective. Our engagement model in
providing services around Solvency II is focused towards integrating and
designing solutions to harvest the legacy IT infrastructure. We look forward
to optimize our clients' business gains from their current investments and
make their systems future-compliant, too."
To read more on Solvency II:
Birlasoft, part of 150 year old multi-billion dollar CK Birla Group,
helps clients in Banking & Financial Services, Insurance and Manufacturing
industry become competitive in their business by providing value based
information technology services, in onshore, offshore and near-shore models.
Birlasoft's portfolio of services include application development &
management, testing, enterprise resource planning (ERP - SAP, Oracle,
PeopleSoft), business intelligence data-warehousing solutions, customer
relationship management (CRM - Siebel), enterprise & IT asset management
(EAM, ITAM - IBM), portfolio management (PPM - HP), process consulting and
managed infrastructure services.
Birlasoft's robust delivery processes embrace digitized project
management methodologies, embedded within proven practices of Six Sigma, SEI
CMMI Level 5 on Continuous Representation and a secure services framework.
Headquartered at Delhi NCR region in India, Birlasoft has presence across
Americas, Europe, Australia, ASEAN and India. For further information, go to
Contacts Ravi Kathuria Senior Vice President Global Marketing & Strategic Alliances, Birlasoft Ph: +91-120-6629011 Email: email@example.com
Ravi Kathuria, Senior Vice President Global Marketing & Strategic Alliances, Birlasoft, +91-120-6629011, marketing at birlasoft.com
Tags: Birlasoft, London, March 1, United Kingdom