SSP Establishes Strategic Partnership With NIIT Technologies to Drive Asian Expansion

SINGAPORE, November 11, 2013 /PRNewswire/ --



SSP, a leading global provider of general insurance technology solutions, today announced that it has entered into an agreement with NIIT Technologies Ltd. (NSE: NIITTECH), a leading global technology and professional service delivery solutions organization. The relationship will see NIIT Technologies provide the marketing sales support for SSP's best-of-breed core insurance solutions across Asia.

With Asian insurance companies demonstrating a fast-growing appetite for next generation insurance technologies to enable future growth and innovation, NIIT will use its highly experienced sales and marketing professionals to help SSP engage a larger customer base and support its expansion across Asia.

Since its inception, NIIT Technologies has provided knowledge-driven services and enterprise solutions to insurers across Asia. By partnering with SSP, the two companies will be able to provide a comprehensive set of insurance technologies that enable insurers to achieve profitable growth by leveraging underwriting and customer-led distribution capabilities and to realize operating efficiencies and cost savings through the simplification of business and IT operations.

Commenting on the partnership, Li-May Chew, Associate Director and Global Insurance Analyst lead for IDC Financial Insights, stated: "The insurance market is undergoing rapid change driven by consumer expectations, disruptive technologies and regulation. Insurers are continuously looking for opportunities to reduce risk and cost whilst seeking different ways to generate further growth. In order to remain competitive, insurers across Asia are increasingly focusing on the use of technology to help drive innovation and efficiency, particularly when updating legacy systems, which is creating immense opportunities for insurance solution providers."

Steve Lathrope, Managing Director, SSP Insurer Division, said: "We have invested heavily to meet the significant growth opportunities across Asia and are committed to growing our presence by delivering innovative insurance solutions to insurers. This new relationship provides a great opportunity for us to leverage our existing footprint and NIIT Technologies' extensive knowledge to expand our business within this high-growth market. We look forward to working closely with NIIT Technologies over the coming years."

Arvind Mehrotra, President - Asia Pacific NIIT Technologies, said: "SSP's market leading insurance products and services will enable both companies to benefit from the significant opportunities in the Asian market. This partnership will help strengthen our existing presence in the market and increase our footprint."

SSP

SSP is the global technology company with unrivalled expertise across the entire general insurance supply chain - shaping a better industry.  With the greatest knowledge, talent and technology in our market, we bring value to every client engagement.

• Knowledge: 25 years' experience

• Talent: 700+ of the most talented IT professionals

• Technology: The broadest range of capabilities

There is nobody better equipped to deliver business capabilities that improve performance, facilitate greater distribution and enhance customer experience for the best return. For more information please visit http://www.ssp-worldwide.com.

About NIIT Technologies

NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, 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 more information, please visit http://www.niit-tech.com

For information about SSP, please call Dan Fletcher on +44(0)121-779-8334 / +44(0)7920-078349 or email daniel.fletcher@ssp-worldwide.com.

For information about NIIT, please call Garima Saini on +91-120-7119030 or email garima.saini@niit-tech.com