IGATE Corporation (IGATE or the Company) (NASDAQ: IGTE), the New
Jersey-headquartered integrated technology and operations solutions
provider, today announced its new alliance with Milliman, the leading
actuarial firm. IGATE will look to Milliman’s actuarial expertise as
part of the IGATE Business Administration Services (IBAS), the Third
Party Administration unit of the company.
IGATE and Milliman will start leveraging each other’s professional
services in the long-term care (LTC) Insurance industry. Milliman’s
expertise and service offerings in the areas of in-force block
management, valuations, and re-rate filings, will now be available to
IBAS’ new and existing clients as part of its traditional TPA offering.
Commenting on the new alliance, Partha Deka, Vice President IBAS,
stated, “We are excited about the prospect of this relationship. We
believe through this alliance, Milliman’s leading actuarial service
offerings will enhance the overall proposition of our LTC TPA solution
and further consolidate our position as a leading provider in this
space.”
Sanjay Tugnait, IGATE Head of Americas, added, “The IBAS TPA
solutions offering is a key business and is very strategic to IGATE. We
are continuously investing in our ecosystem to bring value to our
clients. The alliance with Milliman is an integral part of our
‘go-to-market’ approach to have strategic partners in key areas.”
Dawn Helwig, Principal at Milliman, added: “The IBAS-Milliman
relationship will further solidify and expand Milliman’s strong
footprint in the LTC insurance industry and help us take new innovative
solutions to the market.”
Al Schmitz, Principal at Milliman, also mentioned: “We are
excited to work with IBAS and leverage the synergy that comes from a
flexible TPA platform that produces high quality data that will feed
into our actuarial analyses and reports.”
About Milliman
Milliman is among the world’s largest providers of actuarial and related
products and services. The firm has consulting practices in healthcare,
property & casualty insurance, life insurance and financial services,
and employee benefits. Founded in 1947, Milliman is an independent firm
with offices in major cities around the globe. For further information,
visit www.milliman.com.
About IGATE
IGATE is a global leader in providing integrated technology and
operations-based solutions, headquartered in Bridgewater, New Jersey. As
a trusted partner to corporations in North America, Europe and Asia
Pacific, IGATE provides solutions to clients’ business challenges by
leveraging its technology and process capabilities, underwritten by an
understanding of domain and industry imperatives. With revenues over US$
1.3 billion, and a global employee talent capital of over 30,000, IGATE
offers productized applications and platforms that provide the necessary
competitive and innovation edge to clients across industries, through a
combination of speed, agility and imagination. IGATE is listed on NASDAQ
under the symbol IGTE.
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