Torrance, Calif.-based ePolicy Solutions (www.epolicysolutions.com) announced it has established a dedicated development facility in India, through an agreement with Mastek Limited, a global IT solutions company.
“Establishing a dedicated development center in India is an important business strategy for ePolicy Solutions that transforms our company,” said Lou Kwiker, president, CEO and co-founder, ePolicy Solutions. “We are able to immediately strengthen our execution and core Web-services technology, RightRisk™, by leveraging the software development processes used by Mastek, which are assessed at CMM Level 5, the highest level available.
“Our customers will gain competitive advantages from the enhanced technology by achieving faster time-to-deployment and product release cycles while benefiting from cost reductions. At the same time, ePolicy Solutions will be able to rapidly meet changing customer requirements,” Kwiker said
ePolicy Solutions will now do product development and customer implementations out of three locations – Torrance, Calif., Wrentham, Mass., and Mumbai, India.
RightRisk pairs robust J2EE, object-oriented architecture with a Web interface for full policy processing end to end. It helps property and casualty insurers become more competitive by automating their underwriting, rating, quoting, binding and issuance processes online in real time at the company, agent and customer level.
Kwiker said this added capability empowers ePolicy Solutions to be highly scalable in availability of skills and flexibility of resources. He said the company will be able to quickly provide IT services to customers and prospective customers.
Geoff Smith, executive vice president, COO, ePolicy Solutions, said, “We want to be the best in the world at what we do; a company that settles for nothing less than producing sustained great results. This business strategy will help us achieve that goal. We have a management team with extensive experience in the insurance business and now we can offer the highest level of technology available in the world today.”
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