Satyam, American International Tech in multiyear agreement

Hyderabad: Satyam Computer Services has announced a multiyear agreement with American International Technology Enterprises (doing business as AIG Technologies), a group company of American International Group (AIG), which is a leading provider of insurance software and solutions.

According to the agreement, Satyam will be the exclusive, licensed provider for WINS- and WINS Digital software customisations and modifications to AIG Technologies (AIGT) and its customers.

AIGT's WINS Digital system is a Web-based property-casualty insurance processing application. It is based on the WINS system, which has been processing insurance business for more than 20 years. The application is designed to help insurers increase efficiency throughout the insurance life cycle, from quoting and policy issuance to claims processing and regulatory reporting.

Says Satyam president (commercial and healthcare businesses) Ram Mynampati: "We look forward to providing software customisations and modifications to AIGT's WINS clients to help them further streamline workflow and increase operating efficiencies. Our agreement with AIGT will not only expand our presence in the property-casualty arena, but also our ability to service the technology demands of today's leading insurers."