Latest news with #AnubhavMehrotra
Yahoo
a day ago
- Business
- Yahoo
The Standard expands tie-up with HCLTech to integrate AI
The Standard Insurance Company has expanded its alliance with technology company HCLTech to incorporate AI into its infrastructure and application services. This move is aimed at expediting the transition to a product and service-based IT operating model, aligning with the insurer's digital transformation agenda. HCLTech will provide The Standard with its generative AI (genAI)-led service transformation platform, AI Force, as well as digital engineering and cloud services. These technologies are expected to refine The Standard's delivery of workplace benefits, with a focus on customer service. The transformation will be supported by the formation of a Joint Innovation Council and a Digital Experience Office. The Standard chief information security officer and IT infrastructure and security management organisation head Laxman Prakash said: "The Standard's growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach. We look forward to the positive impact that this ongoing partnership will provide for our customers." HCLTech senior vice-president and North America insurance head Anubhav Mehrotra stated: 'We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector. This collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey." Last month, The Standard expanded its partnership with EvolutionIQ, integrating an AI-powered claims guidance platform into its disability insurance processes. This technology empowers The Standard's claims team to leverage data insights to reduce administrative workloads, enhance decision-making and streamline payments. "The Standard expands tie-up with HCLTech to integrate AI " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
a day ago
- Business
- Yahoo
The Standard expands tie-up with HCLTech to integrate AI
The Standard Insurance Company has expanded its alliance with technology company HCLTech to incorporate AI into its infrastructure and application services. This move is aimed at expediting the transition to a product and service-based IT operating model, aligning with the insurer's digital transformation agenda. HCLTech will provide The Standard with its generative AI (genAI)-led service transformation platform, AI Force, as well as digital engineering and cloud services. These technologies are expected to refine The Standard's delivery of workplace benefits, with a focus on customer service. The transformation will be supported by the formation of a Joint Innovation Council and a Digital Experience Office. The Standard chief information security officer and IT infrastructure and security management organisation head Laxman Prakash said: "The Standard's growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach. We look forward to the positive impact that this ongoing partnership will provide for our customers." HCLTech senior vice-president and North America insurance head Anubhav Mehrotra stated: 'We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector. This collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey." Last month, The Standard expanded its partnership with EvolutionIQ, integrating an AI-powered claims guidance platform into its disability insurance processes. This technology empowers The Standard's claims team to leverage data insights to reduce administrative workloads, enhance decision-making and streamline payments. "The Standard expands tie-up with HCLTech to integrate AI " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hans India
a day ago
- Business
- Hans India
HCLTech expands partnership with The Standard to accelerate AI-led transformation and deliver digital-first services at scale
HCLTech, a leading global technology company, announced an expansion of its partnership with Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals. This expanded partnership with The Standard will deliver AI-driven infrastructure and application services to boost efficiency, support rapid growth and enhance customer experience. This collaboration will also accelerate The Standard's shift to an IT products and services-based operating model, enabling greater agility, customer value and progress toward the company's long-term digital transformation goals. HCLTech's GenAI-led service transformation platform, AI Force, digital engineering and cloud services will support The Standard's focus on exceptional customer service in the delivery of workplace benefits. This transformation will be further driven by a newly formed Joint Innovation Council and Digital Experience Office, reinforcing The Standard's commitment to innovation and delivering scalable, user-centric experiences. "The Standard's growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach," said Laxman Prakash, Chief Information Security Officer and Head of IT Infrastructure and Security Management Organization at The Standard. "We look forward to the positive impact that this ongoing partnership will provide for our customers." 'We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector,' said Anubhav Mehrotra, Senior Vice President, Head of Insurance, North America, at HCLTech. 'This collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey."
Business Standard
2 days ago
- Business
- Business Standard
HCL Tech rallies on expanding partnership with The Standard
HCL Technologies jumped 3.20% to Rs 1,721.35 after the company announced an expansion of its partnership with Standard Insurance Company (The Standard) to deliver AI driven infrastructure, enhance customer experience. Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals. This expanded partnership with The Standard will deliver AI-driven infrastructure and application services to boost efficiency, support rapid growth and enhance customer experience. This collaboration will also accelerate The Standards shift to an IT products and services-based operating model, enabling greater agility, customer value and progress toward the companys long-term digital transformation goals. The company's GenAI-led service transformation platform, AI Force, digital engineering and cloud services will support The Standards focus on exceptional customer service in the delivery of workplace benefits. This transformation will be further driven by a newly formed joint innovation council and digital experience office, reinforcing The Standards commitment to innovation and delivering scalable, user-centric experiences. Laxman Prakash, chief information security officer and head of IT infrastructure and security management organization at The Standard, said, The Standards growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach, we look forward to the positive impact that this ongoing partnership will provide for our customers. Anubhav Mehrotra, senior vice president, head of insurance, North America, at HCLTech, said, We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector, this collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey. HCL Technologies is a global technology company, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. The companys consolidated net profit declined 6.14% to Rs 4,309 crore despite of 1.19% increase in net sales to Rs 30,246 crore in Q4 FY25 over Q3 FY25.
Yahoo
2 days ago
- Business
- Yahoo
HCLTech Expands Partnership With The Standard to Accelerate AI-led Transformation and Deliver Digital-first Services at Scale
NEW YORK & NOIDA, India, June 10, 2025--(BUSINESS WIRE)--HCLTech, a leading global technology company, announced an expansion of its partnership with Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals. This expanded partnership with The Standard will deliver AI-driven infrastructure and application services to boost efficiency, support rapid growth and enhance customer experience. This collaboration will also accelerate The Standard's shift to an IT products and services-based operating model, enabling greater agility, customer value and progress toward the company's long-term digital transformation goals. HCLTech's GenAI-led service transformation platform, AI Force, digital engineering and cloud services will support The Standard's focus on exceptional customer service in the delivery of workplace benefits. This transformation will be further driven by a newly formed Joint Innovation Council and Digital Experience Office, reinforcing The Standard's commitment to innovation and delivering scalable, user-centric experiences. "The Standard's growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach," said Laxman Prakash, Chief Information Security Officer and Head of IT Infrastructure and Security Management Organization at The Standard. "We look forward to the positive impact that this ongoing partnership will provide for our customers." "We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector," said Anubhav Mehrotra, Senior Vice President, Head of Insurance, North America, at HCLTech. "This collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey." About HCLTech HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending March 2025 totaled $13.8 billion. To learn how we can supercharge progress for you, visit About The Standard The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, absence management and paid family leave services, retirement plans products and services and annuities for employers and individuals. For more information about The Standard, visit and follow us on LinkedIn and Instagram. View source version on Contacts For further details, please contact: HCLTechMeredith Bucaro, Americasmeredith-bucaro@ Elka Ghudial, James Galvin, Nitin Shukla, Indianitin-shukla@ The StandardBob Speltz, The
