ValueMomentum’s iFoundry Customer, Union Assurance, Sri Lanka (UAL), wins the Celent Model Insurer Asia 2012 Award

UAL selected as model insurer in the category ‘Product design/Definition’ for solution powered by ValueMomentum’s iFoundry PLM.

Hyderabad, AP, India

ValueMomentum, a global provider of IT Services and Pre-packaged Products to Insurance, Financial Services & Health Payor firms, today announced that Union Assurance e-Motor, Sri Lanka (UAL), a Customer of ValueMomentum’s iFoundry PLM solution, won the Celent Model Insurer Asia Award in the category ‘Product design/Definition’.

Every year, Celent recognizes excellence in insurance technology through its Model Insurer Awards. In 2012, Celent Asia recognized 17 insurance technology initiatives as “Model Insurer Components.” These best practices in the use of technology span key areas of the product and policyholder lifecycle, including business rules/business process management, claims, distribution, IT management, marketing, policy administration, product design/ definition, reinsurance and risk management, service, and underwriting.

Union Assurance e-Motor was selected for Celent’s Model insurer Award Asia In recognition of its successful use of technology in “Externalizing product configuration, rating, and underwriting to achieve flexibility and reduce time to market”.

“We are extremely proud that our Customer, Union Assurance Limited, has been recognized with this prestigious award from Celent. I congratulate UAL on their Celent Model Insurer recognition,” said Mr. Ravi Rao, President, ValueMomentum Asia Pacific, adding, “the recognition is indicative of our commitment to serving Asian Insurance Carriers with innovative solutions that accord agility and drive momentum to their business initiatives”.

About ValueMomentum

ValueMomentum provides Technology Services & Business Software to Insurance, Financial Services and Health Payor firms. Our Customers like working with us because we deliver value to their initiatives, thereby, driving their momentum. ValueMomentum does this by applying a time-tested formula of combining strong technology expertise with deep Insurance industry experience.

Media Contacts:
North America:
Abhijeet Jhaveri,
ValueMomentum, Inc.
Tel.: +1 (908) 755-0370

Asia Pacific:
Ravi Rao,
Tel: +91 (40) 67338419
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