Allianz Insurance unit sets up third facility in Kerala

Thiruvananthapuram, Nov 3 : ACIS, a wholly-owned subsidiary of Allianz Insurance Plc of the UK, opened its third facility at the Technopark information technology (IT) campus here Tuesday.

British Deputy High Commissioner in southern India Mike Nithavrianakis and Allianz Insurance chief executive Andrew Torrance inaugurated the new facility, which is spread over 40,000 square feet.

The first phase of the facility will seat 250 and be primarily used for global application development and maintenance projects for Allianz.

The facility will seat 600 when complete.

Nithavrianakis described ACIS as an "excellent example" of Indo-British partnership in Kerala.

Torrance said ACIS was on its way to emerging as a shared services centre for Allianz globally.

ACIS is a wholly-owned subsidiary of Allianz Insurance and part of Allianz SE, a global player in the financial services industry serving more than 75 million customers in 70 countries.

Recognising the potential of tier-III cities in India, it launched its IT operations at Technopark in 2003.

In 2004, ACIS forayed into the business process outsourcing (BPO) sector and was also the first to handle voice processes in Kerala.

With the new facility operational, ACIS currently employs 700 professionals.