HCL Insurance bags $200-m contract from Equitable Life

HCL Insurance Business Services (HCL IBS), part of HCL Technologies Ltd, on Monday said it has bagged a contract worth $200 million from Equitable Life Assurance Society (Equitable Life). Equitable Life is a UK life office with over 8 billion under management on behalf of more than 5,00,000 policyholders and members of group pension schemes. The duration of the contract will be 30 years and HCL will provide an end-to-end solution, including policy administration, finance, actuarial services, IT operational support and call centre services. Currently, Lloyds Banking Group handles the work and HCL IBS will work on preparing the systems ...

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