Infosys has said that its US based subsidiary Infosys McCamish Systems has been positioned as a ‘Leader’ in Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems (PAS) for North America.
The Gartner Magic Quadrant evaluated vendors that provide Policy Administration Systems (PAS) for individual and group life and annuity products; on two primary criteria – ‘completeness of vision’ and ‘ability to execute’.
Commenting on the development, Richard Magner, President and CEO, Infosys McCamish Systems said, “Being named a leader in Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems in North America is a recognition of our investment and innovation in providing seamless, end-to-end delivery of services, across the insurance industry in the region. One of our strategic objectives is to create enduring partnerships from deep domain knowledge. Our world-class solutions will continue to realize significant business value for our clients.”
Meanwhile, shares of the company were trading at Rs 893.25 apiece, up 1.10 per cent from the previous close at 10:32 hours on BSE.