LONDON, March 2, 2011 /PRNewswire-Asia/ -- 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: http://www.birlasoft.com/INDUSTRIES/Insurance/InsuranceServiceOfferings/SolvencyII.aspx
About Birlasoft
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 www.birlasoft.com
