Patni Computer Systems, an IT and BPO services provider, hasannounced expansion of its Actuarial Centre of Excellence (ACE) toprovide consulting, risk management, and actuarial services forinsurance and financial services companies in an onshore andoffshore delivery model.

ACE offers actuarial consultants in U.S., India, and Europe toprovide customers solutions for improved financial performance.

ACE offers services that include consulting, loss monitoring,reserving, pricing, profitability analysis, experience analysis,and statutory reporting. Retirement and pensions actuarial servicesalso include accounting and funding valuation and plan conversionseries. These services are available to clients in a third-party orshared services construct.

"Insurance and financial services companies increasingly need tofocus on efficient and transparent risk management whilecontrolling costs," says Sanjiv Kapur, senior vice president andhead of Patni's global BPO business. "Our end-to-end outsourcedactuarial and analytics services on a variable cost basis in anonshore/offshore delivery model augment clients' in-house effortsand resourcing. We enable clients to reduce significantly operatingcosts while focusing on predictive modeling and other value-addedanalytics that are currently compromised."