Pactera Announces Launch of Innoveo Skye® in North America

Software changes how insurance companies bring products to markets

16 Nov, 2015, 08:00 ET from Pactera Technology International Ltd.

SEATTLE, Nov. 16, 2015 /PRNewswire/ -- Pactera Technology International Ltd. (Pactera) announced today the launch of its Innoveo Skye® solution in North America. Innoveo Skye® is a multi-channel web-based software that enhances the way that insurance companies bring products to market with dynamic configuration of insurance products, processes and distribution channels.

Innoveo Skye®'s multifaceted technology suite accelerates insurance product launch cycles, facilitates speed to market, and greatly diminishes ongoing legacy system maintenance costs through its unique core system unification functionality. Using Innoveo Skye®'s powerful editor and configuration tool, insurance companies are able to streamline both new product development and maintenance. Furthermore, the solution expands product delivery options by offering its omni-channel digital capabilities and improved agent and consumer user experience. With the North American launch of Innoveo Skye, the product now supports a wide array of coverages ranging from Business Owner's Policies (BOP) to supplemental life and health products including accident and short term disability. In total, Innoveo currently supports 16 different lines of business in production.

"In my 25 years in the insurance industry, I have never seen a more powerful tool for creating new products," said Sanjay Mohan, SVP, Head Insurance & Health. "Innoveo Skye®'s power to build and finalize new insurance offerings is nothing short of transformational. All of us at Pactera look forward to bringing this powerful platform to the North American market."

Innoveo has a proven track record of shortening the new product rollout cycle from months to days – enabling Switzerland's largest insurance carrier to complete the cycle from product conception to offering in under a month. The sales and distribution functionality also allowed the carrier to private label the product for a web-based consumer channel.

The solution facilitates all digital distribution methodologies including B2B, B2B2C and B2C, allowing carriers to quickly enable sales platforms across the country with consumer-friendly and carrier-compliant sales experiences, while maintaining internal control at all times. Innoveo Skye® offers its solution via the cloud or as an onsite hosted product.

Prior to its North American launch, Innoveo Skye has been installed in Europe, Asia and South Africa. The introduction of Innoveo Skye® comes on the heels of Pactera's top-100 (#59) placement in the 2015 IDC Financial Insights FinTech Rankings and is a critical part of the company's North America growth initiatives.

For more information on Innoveo Skye®, please visit here.

About Pactera 
Pactera is a consulting and technology services provider with global headquarters strategically located in China and regional headquarters in North America, Asia Pacific, and Europe. Since 1995, Pactera has been delivering world-class business IT consulting solutions and outsourcing services to global clients, including a wide range of Fortune 500 companies. With more than 24,000 employees worldwide, the company's global footprint encompasses a diverse offering of technologies, services and business models focused on providing clients a holistic digital vision to drive business outcomes and transform user experience. For more information visit http://www.pactera.com.

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SOURCE Pactera Technology International Ltd.



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