HCLTech Deepens Alliance with The Standard to Advance AI-Driven Transformation

HCL Technologies has announced an expansion of its strategic partnership with Standard Insurance Company (The Standard), a well-known provider of financial protection products and services in the US. The development is set to fuel The Standard’s digital transformation journey by deploying advanced AI-led infrastructure and application services.

Strategic Transformation Through AI and Innovation

The renewed partnership will enable The Standard to transition to an IT products and services-based model, enhancing agility and customer-centricity. HCLTech’s proprietary GenAI-led platform, AI Force, will lead this transformation along with cloud and digital engineering support. The goal is to increase operational efficiency, support rapid business growth, and improve service delivery across workplace benefits.

Additionally, a Joint Innovation Council and a Digital Experience Office have been established to drive innovation and scale user-focused digital experiences. These strategic units are aimed at bolstering The Standard’s capacity to deliver adaptable and impactful customer solutions in an evolving market.

Leadership Endorsements and Industry Commitment

"The Standard’s growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach," said Laxman Prakash, Chief Information Security Officer and Head of IT Infrastructure and Security Management at The Standard.

Anubhav Mehrotra, Senior Vice President and Head of Insurance, North America, at HCLTech, added, “This collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey."

Read More: HCLTech and Cisco Launches Managed Secure Service Edge Solution!

HCL Technologies Share Price Performance 

As of June 11, 2025, at 10:35 AM, HCL Technologies share price is trading at ₹1,673.10 per share, reflecting an upside of 0.30% from the previous closing price. Over the past month, the stock has surged by 0.17%.

Conclusion

This strategic alliance between HCLTech and The Standard underscores the rising importance of AI and cloud-driven models in the insurance sector. With a shared focus on innovation and customer experience, the partnership is set to deliver long-term digital value and operational excellence.

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