Technologies for insurers


Candela Labs


Candela Labs, a Bangalore-based technology firm specializing in automation and digitalization solutions for insurance firms and banks, has announced a new strategic partnership with Capco, a leading technology and management consultancy dedicated to the financial services industry with a global network.

The partnership brings together Capco’s consulting and implementation expertise, and its delivery capabilities around business transformation and technology integration, with Candela Labs’ cloud-native suite of intelligent automation solutions for digital transformation for financial services firms.

Capco and Candela Labs will work together to deliver digital transformation programs in a more agile, seamless and cost-effective way across the entire value chain of key business activities for financial services firms.

Neil Ramchandran, APAC Managing Partner at Capco, said: “Fundamental demographic and market shifts in Asia mean that insurers are reassessing their products, processes and supporting technologies to ensure they stay relevant in this new era. The effective application of emerging technologies will be critical to earn the right to play and win in the region.”

“Our partnership with Candela Labs underscores our commitment to helping insurers address these challenges and seize the opportunities before them. Together we will offer a full-service capability across key APAC markets that draws upon our complementary expertise and solutions, as well as our combined regional presence. We look forward to working closely with Arsh Maini and his team,” said Ramchandran on 4 Nov 2019.

Arsh Maini, Chief Executive at Candela Labs, said: “There has never been a more exciting time to be providing technology-led solution to insurers. Truly successful automation and digital programmes require significant depth of capabilities across multiple dimensions – including technology, industry and market knowledge, and programme and change management.

“The partnership between Candela Labs and Capco brings together these capabilities, though one seamless team for our clients. Our clients’ success will be our focus and the true measure of how well our partnership performs.”

Candela Labs is a technology firm specializing in Intelligent Automation solutions that help make insurance firms and banks more agile, efficient and effective.

Capco is a global technology and management consultancy dedicated to the financial services industry.


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