 "Intellect Design Arena surges on pact with US company")
Intellect Design Arena has surged 15% to Rs 133 on BSE after the company announced a exclusive partnership with OutsideIQ, a global provider of advanced risk analytics solutions for the insurance market.
Intellect SEEC, the provider of insurance software firm from Intellect Design Arena (a Polaris Group company) announced an exclusive partnership with OutsideIQ, a global provider of advanced risk analytics solutions for the insurance market, Intellect Design Arena said in a regulatory filing.
Through this partnership, OutsideIQ will offer underwritingIQ to carriers, enriching risk information and providing actionable insights for improved underwriting. UnderwritingIQ will also be integrated with Intellect SEEC's underwriting workstation, it added.
The stock opened at Rs 119 and hit high of Rs 134, its highest level since listing on December 18 2014 on BSE. The trading volumes on the counter jumped over four-fold with a combined 21.58 million shares changed hands on BSE and NSE till 1513 hours.
Intellect SEEC, the provider of insurance software firm from Intellect Design Arena (a Polaris Group company) announced an exclusive partnership with OutsideIQ, a global provider of advanced risk analytics solutions for the insurance market, Intellect Design Arena said in a regulatory filing.
Through this partnership, OutsideIQ will offer underwritingIQ to carriers, enriching risk information and providing actionable insights for improved underwriting. UnderwritingIQ will also be integrated with Intellect SEEC's underwriting workstation, it added.
The stock opened at Rs 119 and hit high of Rs 134, its highest level since listing on December 18 2014 on BSE. The trading volumes on the counter jumped over four-fold with a combined 21.58 million shares changed hands on BSE and NSE till 1513 hours.
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