Wipro Technologies has entered into a seven year agreement with The Main Street America Group, a provider of commercial, personal and surety insurance products in US, to provide it with the applications development, maintenance and quality assurance using CMMi Level 5 quality services.
Under terms of the agreement, Wipro will supplement Main Street America’s IT organization in its endeavor to support its present and future business requirements. The Main Street America will leverage Wipro’s global delivery model to achieve time to market capabilities and reduce operating costs by utilizing economies of scale.
Wipro said that it will support Main Street America’s personal lines business on its Main Street Station and legacy platforms. In addition, it will also support Main Street Station commercial lines and bond processing systems and will bring service level improvements over the initial term of seven years.
Ronald James, chief information officer of Main Street America, said: “Because Wipro has more than 4,500 IT insurance professionals at its disposal, we will be able to better support specific phases of projects and maintenance/regulatory demands from our business units. Partnering with Wipro could also help us close timelines and accelerate delivery of some of our projects.”
Ajoy Menon, global head of insurance business unit at Wipro, said: “Wipro’s demonstrated capabilities to US insurers allowed us to become Main Street America’s trusted IT Services provider. We look forward to supporting their future growth. Main Street America has a strong customer service culture with its distribution force of independent insurance agents and employees.”