United India opts for Siris insurance solution

22 November 2007

Chennai: India''s second largest non-life insurer, United India, has selected Siris 4 core insurance solution, part of a package offered by Hewlett Packard to United India Insurance in a Rs100-crore deal for seven years.

"The share of hardware will be Rs70 crore and the balance is for software, maintenance and others," remarked Raju Sharan, financial advisor, United India Insurance.

Included in the consortium led by Hewlett Packard is Newgen''s document management solution.

The consortium would also set up a 24x7 help desk to assist the insurer to solve any technical glitch.

At the end of the seventh year, Hewlett Packard would hand over the solution to United India.

"As per the deal, we will implement SAP ERP platform for enterprise-wide financial accounting and human capital management solution," said Balu Doraisamy, managing director, Hewlett Packard.