EXACT® - empowers Underwriters to manage exposure and reduce
potential losses
Sydney, October 26th 2012, Friday :- NIIT Technologies Ltd.
(NSE: NIITTECH), a leading global IT solutions organization,
today announced the launch of EXACT® Advantage for APAC and
ANZ market. EXACT® Advantage is a proven risk exposure
management product in use by leading global insurance and
reinsurance companies across Europe. It covers all lines of
business with its key focus being commercial and specialty
insurance markets.
EXACT® Advantage allows underwriters access to relevant and
accurate information to assess exposures pre and post
contract bind. It brings together the power of a
market-leading risk aggregation engine and an advanced global
mapping interface utilising the latest Geographical
Enterprise Systems (GIS) technology to assess and monitor
risk exposure across multiple lines such as energy (onshore
and offshore) and property.
Commenting on the launch, Mr. Arvind Mehrotra, President,
Asia Pacific, NIIT Technologies, said,"In the year
2011 insurers have already seen 63% increase of loss
load with worldwide economic losses amounting to USD 370
Billion and insured losses of about USD 116 Billion . The
earthquakes in Japan and New Zealand, for example, and
hurricanes Irene and Katia in the Atlantic caused tragic loss
of life as well as serious damage to property and essential
infrastructure. EXACT® Advantage provides a central resource
with powerful capabilities for managing exposure across a
broad range of business lines, all of which might be
inter-related in a single portfolio of
business".
EXACT® Advantage provides Underwriters a structured risk
exposure management across all business lines, and provides
rapid analysis of disaster locations anywhere in the world.
The application provides precision tracking and is a powerful
tool for proactively assessing the susceptibility of
underwriting portfolios to catastrophic events.
About NIIT Technologies
NIIT Technologies is a leading IT solutions organization,
servicing customers in North America, Europe, Middle East,
Asia and Australia. It offers services in Application
Development and Maintenance, Managed Services, IP Asset or
Platform Solutions, and Business Process Outsourcing to
organizations in the Financial Services, Travel &
Transportation, Manufacturing/Distribution, Healthcare and
Government sectors. The Company adheres to major global
benchmarks and standards, having secured the ISO 9001:2000
certifications and the ISO: 27001 Information Security
Management accreditation. NIIT Technologies also follows
global standards of development. It has been assessed at
Level 5 of SEI CMMi version 1.2. NIIT Technologies Business
Process Outsourcing conforms to the highest quality standards
such as COPC and Six Sigma. Its data centre operations are
assessed at the international ISO 20000 IT management
standards.
For further information, please visit www.niit-tech.com
Safe Harbor
Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
For media queries please contact:
Shweta Kaura | |
For investor queries please contact:
Abhinandan Singh |
Oct 26 , 2012
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