IT providers firm Infosys on Monday introduced it has been chosen by Life Insurance coverage Company (LIC) to drive its digital transformation with NextGen Digital Platform, specializing in omnichannel experiences and data-driven hyper-personalisation for patrons, brokers and staff.
The corporate didn’t disclose the dimensions of the deal.
“Infosys…At present introduced its collaboration with the Life Insurance coverage Company of India (LIC), the biggest life insurance coverage firm in India, to spearhead its digital transformation initiative known as DIVE (Digital Innovation and Worth Enhancement),” in accordance with a launch.
Beneath this, Infosys will allow the creation of a NextGen Digital Platform, which is able to concentrate on delivering omnichannel engagement and data-driven hyper-personalised experiences to LIC’s prospects, brokers and staff.
“Infosys was chosen by LIC for its in depth expertise in executing large-scale digital transformation tasks and its deep experience within the banking, monetary and insurance coverage sectors,” the discharge mentioned.
Infosys will present LIC with turnkey system integration providers utilizing AI capabilities from Infosys Topaz and DevSecOps providers from Infosys Cobalt.
Infosys Cobalt is a set of providers, options, and platforms for enterprises to speed up their cloud journey, whereas Infosys Topaz, an AI-first providing suite, enhances Cobalt with generative AI capabilities.
Moreover this, Infosys will assist set up the required infrastructure for digital transformation and guarantee ongoing monitoring and upkeep as soon as the platform is operational.
“The NextGen Digital Platform will allow LIC to grasp the aims of DIVE, which is to ship finest at school digital initiatives for all its stakeholders, prospects, intermediaries and the advertising crew,” the discharge added.
Siddhartha Mohanty, CEO and MD of LIC mentioned, the collaboration with Infosys marks a big milestone within the digital transformation journey of the life insurance coverage firm.
“It won’t solely improve our operational capabilities but in addition allow us to cater to our huge buyer, agent and worker base with newer, extra personalised experiences. We’re dedicated to leveraging the most recent applied sciences that Infosys has to supply, together with Cloud and Enterprise AI, to drive innovation and enhance our choices,” Mohanty mentioned.
Salil Parekh, CEO and MD, Infosys, famous that LIC is a reputation that resonates throughout generations of Indians. “…And we’re delighted to collaborate on their transformation journey. By leveraging Infosys’ in depth expertise in digital transformation initiatives and prowess in AI and Cloud, we purpose to equip LIC with a strong digital infrastructure that can ship superior buyer engagement, improve operational effectivity and allow speedy market responsiveness,” Parekh added.