Cognizant Deploys a Global Risk Engineering Platform for Torus Insurance
14th October 2010
Cognizant, a leading provider of consulting, technology, and business process outsourcing services, has announced the successful development and deployment of a state-of-the-art global risk engineering platform for Torus Insurance.
The new platform streamlines Torus’ analytical risk engineering processes enabling better differentiation of risks with superior pricing accuracy, thus improving service to buyers and their brokers, and improving operational efficiency and effectiveness. Its intuitive interface and user-friendly reports will also improve the consistency, reliability, and security of risk-related data, and enhance customer experience.
“This platform developed by Cognizant is an important part of our efforts to establish Torus as a property leader with an intense focus on risk differentiation through best-in-class engineering and actuarial analysis,” said Bob Klepper, Chief Underwriting Officer for Global Property at Torus.
“Our relationship with Cognizant, which started with a consulting engagement in August 2009, has since expanded into several areas,” said Jeff Smith, Group Chief Information Officer at Torus. “We originally selected Cognizant for its consulting-led approach, application development capabilities, as well as its industry expertise in developing critical business applications for global insurers. Cognizant’s ability to take up end-to-end responsibility from defining the IT blueprint, to designing the user experience, building the system, and rolling out post-production support has helped us build an application that will provide us better visibility of the risks we underwrite, improve productivity, and enhance the perception of Torus with clients and brokers.”
“We are pleased to have successfully developed and deployed such a futuristic risk engineering platform for Torus,” said Sanjiv Gossain, Senior Vice President and Head of the UK and Ireland Operations for Cognizant. “The success of this engagement is a testament to our consulting, domain, business analysis, development, and delivery capabilities. Our solution accelerators focused on insurance risk information enabled us to deliver a solution that will allow Torus to systematically analyze complex industry data while achieving substantial efficiency gains. We look forward to further strengthening our relationship with Torus as we develop the customer and broker portal, which will form part of the next stage release of the product.”