Legal & General signs £10m outsourcing deal

Insurance company Legal & General has extended an outsourcing deal with Xansa that will be worth at least £10m over the next...

Insurance company Legal & General has extended an outsourcing deal with Xansa that will be worth at least £10m over the next three years.

Xansa - formally FI Group, Druid, OSI and IIS - has worked with Legal & General for the past six years. The new contract was signed after three months of negotiations, and Xansa claims the deal will save the insurance giant 25% in costs.

Angela Ginger, Xansa's director of financial services, said the company already provides Legal & General with systems delivery and application management services. This will be extended to cover full support and development services.

"We've had a long and very successful relationship with Legal & General, and this new contract gives Legal & General the access to all of our systems and services, enabling much more flexibility," said Ginger.

Under the terms of the agreement, Legal & General will gain access to Xansa's "transnational capabilities", she added. This includes the company's India-based development and support services.

Xansa will develop applications as part of Legal & General's e-enablement efforts, although details of such projects have not been disclosed.

"Across the financial services industry there is immense pressure on costs and margins," said Margaret Smith, Legal & General's director of business information systems.

"E-enabled business processes are an integral part of our business strategy. Xansa's support allows us to focus on implementing our business strategy and to provide the competitive edge needed in the new financial services world," she added.

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