Infinit-O and Key Officers of Lockton Philippines signs Partnership Agreement to form Technovation to deliver stronger Insurance Process Outsourcing (IPO) Solutions
Released on: March 12, 2008, 1:10 pm
Press Release Author: Richard Eldridge
Industry: Small Business
Press Release Summary: It has always been a challenge for US Insurance companies to reap the full benefits of outsourcing their Insurance Processes due to the lack of providers with deep insurance expertise and BPO management capabilities. Technovation is a ground-breaking company that provides a complete outsourcing solution that addresses these concerns.
Press Release Body: Infinit Outsourcing Inc. (Infinit-O), one of the Philippines\' leading and fastest-growing provider of outsourcing solutions today signs a Strategic Partnership Agreement with key officers of Lockton Philippines Insurance and Reinsurance Brokers, Inc. (Lockton Philippines), who has over 40 years of US Insurance experience, to form Technovation Global Services, Inc. (Technovation Global Services). This will offer US Insurance companies an outsourcing solution that provides a deeper domain expertise and a broader range of core and non-core services.
Technovation Global Services addresses the most sought-after attributes that U.S. Insurance companies are looking for in an outsourcing provider:
Domain expertise in Insurance Processes (through the key officers of Lockton Philippines) Business Process Management expertise (through Infinit-O) Information Systems and Technology expertise (through Infinit-O)
Technovation Global Services is envisioned to specifically administer insurance process outsourcing projects for U.S. based carriers, brokers and agencies. Its major focus is on property & casualty insurance processes, particularly on the home and automobile sub-lines.
"Infinit-O is very pleased to team up with the key figures of Lockton Philippines to form Technovation Global Services." states Manolo Aquino, CEO and President of Infinit-O. "This is one of the rare opportunities in outsourcing that introduces a revolutionary win-win solution for us as a service provider and especially for our clients; Infinit-O strengthens its foothold in the IPO (Insurance Process Outsourcing) scene, while the insurance companies will have a \'one-stop shop\' outsourcing solution."
ABOUT INFINIT-O
Infinit-O is a leading BPO company with offices in the US, UK and the Philippines providing back office outsourcing solutions and knowledge process outsourcing (KPO) solutions in the financial services, research, and healthcare sectors.
ABOUT LOCKTON PHILIPPINES
Lockton Philippines Insurance and Reinsurance Brokers, Inc., formerly known as Alexander Forbes Philippines Risk Services, Inc., belongs to the global network of Lockton Companies, L.L.C., which ranks 10th in the list of the world's largest insurance brokers.
ABOUT TECHNOVATION GLOBAL SERVICES
Technovation Global Services, Inc. is a pure-play insurance business process outsourcing company that caters to the needs of U.S.-based insurance carriers, brokers, agencies and third-party administrators (TPAs).
Web Site: http://www.infinit-o.com/
Contact Details: LP Leviste Street Salcedo Village Makati City 1227 Philippines