Infosys offers outsourcing services to Dutch insurance; stock up 2%

Shares of Infosys are trading higher by 1.6% to Rs 2,229 on the BSE after Infosys BPO secured an IT services deal with Dutch insurance services firm a.S.R. for supporting back-office operations. 

The BPO services arm of the Bangalore-based firm, Infosys BPO, will supply back-office services for the a.S.R. Labelled pensions administration system from April 1, 2015, Infosys said in a statement. 

Eighty seven employees of a.S.R. Will be transferred to Infosys BPO. The contract was signed at the end of January by a.S.R. CEO Jos Baeten and from Infosys BPO CEO and Managing Director Anup Uppadhayay, it added. 

A.S.R. Also offers a wide range of financial products covering non-life, life and income protection insurance, group and individual pensions, health insurance and travel & leisure and funeral insurance. It also invests in developing and operating real estate. 

To support our vision on continuous improvement of our client services and to be more cost effective, we have selected Infosys BPO to run our pensions back-office administration, Baeten added. 

The stock opened at Rs 2,193, touched a high of Rs 2,246 on the BSE. A total of 25,874 shares have changed hands on the BSE so far.