BRIDGEWATER, N.J.--(BUSINESS WIRE)--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.”
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.
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.