SBI General Insurance, a joint venture between the State Bank of India and Insurance Australia Group, has signed a multi-year contract with Maveric Systems to provide software testing and validation services.

SBI General Insurance is a greenfield venture in the insurance domain in India.

As part of the pact, Maveric will be a strategic partner supporting SBI General’s complete technology rollout and product launches.

With validation and production support from Maveric, SBI General has rolled out its first set of products across the corporate and retail space.“Maveric has had a deep relationship with SBI and SBI Life Insurance and the team is now very excited to be partnering SBI General in this prestigious project. There have been rich learnings till date and we look forward to the forthcoming product launches,” said Ranga Reddy, CEO and founder, Maveric Systems, in a statement.

Reddy said that the challenging scale and intense complexity of this venture make it one of Maveric’s most impressive projects in insurance testing.

He said that, in the year ahead, Maveric will strengthen its focus on the Indian market and look to expand its clientele in the insurance space. Maveric Systems is a leading global independent software testing specialist with a strong focus on the BFSI sector.

Manoj Agarwal, CIO and head of IT, SBI General Insurance, said that Maveric is a proficient validation partner and SBI General is benefiting from Maveric’s domain expertise in insurance, dynamic test strategy and good focus on project governance.

“We appreciate the commitment to the project displayed by their team. As we gear up to roll out our complex and comprehensive product portfolio, we look forward to Maveric’s critical audit of our technology releases,” said Agarwal.