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IRDA selects Mahindra Satyam for monitoring surveyors

Insurance Regulatory and Development Authority (IRDA) has selected Mahindra Satyam, an IT services company, to develop and implement Integrated Surveyor License Management System (ISLMS) for monitoring surveyors.

According to Mahindra Satyam, ISLMS will help automate the surveyor monitoring system for the regulatory body and also allow it to track the performance of surveyors, empanelled companies and claims handled by them.

The main purpose of the project is to have an effective license generation, renewal and monitoring mechanism. To serve the purpose, IRDA wants to create ISLMS to facilitate the surveyor to register online and see their license issuance and renewal status.

The selection was made following a detailed scrutiny of the commercial proposals submitted by shortlisted IT firms and further evaluation, the regulator said.

The other shortlisted firms included, Tata Consultancy Services, CMC, NSE IT, NIIT Technology, R Systems International and L&T Infotech.