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Customer Speak
"Inputs from Ibexi were useful for completion of implementation within the expected timeframe, since they have
- Insurance domain understanding
- Process knowledge in international context, especially the cross- functional relationship-extending from front and back office operations
- Project management skills to manage the business application implementation including requirements analysis, testing and user training..."
Rachna Sethi Vice President (Special projects),
Royal Sun Alliance Insurance Company Ltd, India
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"You can't build a point of view in isolation of the business, so we built business training programmes like insurance 101, insurance 201 so that our people can understand the business relevance of what they're doing..."

Vivek Paul Vice Chairman, Wipro
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"We are very happy to record that the training imparted was in-depth and relevant for the trainees. The feedback from the trainees was equally good in terms of usefulness and pedagogy, and they have been able to apply the training to practical use "

Shubhayu Sengupta
Head- Human Resources Swiss re Shared Services (India) Pvt Ltd




Ibexi Solutions was founded in 2001 by a team of senior insurance IT consultants. This team included Ashok Bhavnani, Surajit Basu, D. Pashupati, Narasimhan Parthasarathy, Sivakumar Chinnappan, and Subhash Bhavnani

The founders have over 100 man years of international experience covering many areas of insurance technology including

  • Property & Casualty
  • Individual Life (Traditional & Investment Linked)
  • Group Life
  • Pension Funds
  • Medical Insurance & Managed Care (HMO)

Together, they bring their joint experience to create a company focused on providing IT solutions to insurance companies across the world.

Ashok Bhavnani

Ashok Bhavnani is an IT professional with over 15 years of diverse experience ranging from strategic business development, Software Product Development & Management, implementation project management, and cross cultural people management in the Financial Software & Services industry. Ashok has overseen numerous enterprise-wide projects with insurance companies such as Royal Sun Alliance, Generali, Yasuda, Allianz, Mitsui, Sumitomo, Berkeley and HDFC across Asia-Pacific - including Hong Kong, Philippines, Singapore, Indonesia, Thailand, India and Pakistan.

Ashok received his B. Tech in Electrical Engineering from MS University, Baroda, and his MBA from IIM Bangalore.

Surajit Basu

Surajit Basu is an IT consultant with over 13 years of experience in design, development and implementation of enterprise-wide solutions in different industries, especially insurance. With his broad range of technical experience, project management skills across the entire lifecycle of IT solutions, and cross-cultural management and leadership skills, he has managed several projects from conceptualisation to execution. Working closely with insurance companies such as Allianz AG General Insurance, Mitsui Marine Insurance, Sumitomo Fire & General Insurance, Tokio Marine General, Standard Life and HDFC across Asia-Pacific - including Hong Kong, Philippines, Singapore, Indonesia, Thailand, India and Pakistan, Basu has led over 15 enterprise-wide projects.

Basu received his B. Tech in Computer Science from IIT Kanpur, and his MBA from IIM Calcutta. Mr. Basu has published several papers on Insurance practices in a variety of journals.

D Pashupati

Pashupati is an insurance industry professional with a diverse range of experience in back office insurance operations, systems management, and IT consulting and product development. As Director (Implementation) at Apex Technologies, he has managed several life and non-life product implementations for companies like Royal Sundaram Alliance Insurance, Old Mutual Kotak Life and HDFC Standard Life Insurance.

A fellow of the Insurance Institute of India and an Associate of the Institute of Risk Management, London, Pashupati has received his MBA from IIM Bangalore. A visiting faculty at IIM Bangalore, he is actively involved with Centre for Insurance Research (CIRE) at the institute. He continues to present papers at different forums such as Asia-Pacific Risk and Insurance Association (APRIA) and National Insurance Academy on wide ranging topics such as e-commerce, Alternate Risk Transfer (ART) and insurance reforms in India.

Narasimhan Parthasarathy

Narasimhan is an IT professional with over 14 years of experience in design and development of enterprise-wide solutions in insurance. Familiar with a wide variety of methodologies, tools and technologies, he has led several large development projects for insurance applications, as well as business intelligence applications. In IT companies, he has been the leader of development teams managing software applications for life, non-life and group insurance. Clients for whom Narasimhan has helped execute development work include HDFC Standard Life, Allianz Singapore and Allianz Philippines.

Narasimhan received his B. Com in from the University of Madras, India and is an Associate of the Insurance Institute of India.

Sivakumar Chinnappan

Kumar is an IT consultant with 10 years of experience in architecture, design, development and implementation of Back-office systems in Insurance and Data Warehousing (DW)/Business Intelligence (BI) systems for Insurance and Telecoms sectors.

Kumar has worked extensively in development, implementation and project management of non-life insurance software products. He has implemented insurance back-office and financial accounting systems for some of the largest non-life insurers in Asia, including Sumitomo and Mitsui marine, Allianz, Royal and Sun Alliance and HSBC Insurance.

Kumar has been involved in architecture, design, development and roll-out for DW/BI projects in the Insurance, Telecoms, Manufacturing and Utilities in Asia. In Insurance, he has been involved in designing and developing a BI business layer for a Non-Life back-office system (subsequently implemented in multiple sites across Asia), designing a generic DW model and Extraction utilities for a Non-Life back-office system and designing/implementing BI solutions for Life Insurance companies like HDFC Standard Life and ING Vysya Life.

In the area of Telecom, he has worked as Solution Architect and Technical Lead in end-to-end Data Warehouse and Data Mining projects for leading Telecoms like Singapore Telecom Mobile and DiGi Telekom. He has done DW/BI strategy study and recommendations for Hewlett-Packard, Singapore and Singapore Power.

Kumar has received his B.E. from PSG Tech, Coimbatore and his MBA from IIM, Bangalore.

Subhash Bhavnani

Subhash Bhavnani is an IT consultant with 18 years of experience in consulting, design, development and project management of software solutions in Banking, Finance, Government and Insurance Sectors.

With his technical, consulting and project management skills and his broad exposure across the all stages of the IT lifecycle, he has managed several projects from conceptualisation to execution in India and North America.

In Banking, Subhash has executed projects in Foreign Exchange Dealing, Trade Finance, Term Lending and Accounts and Investment Management. In Insurance Subhash has been designing and implementing BI solutions for Life Insurance companies like ING Vysya Life, Sahara Life and providing consultancy for preparation of roadmaps for IT departments and Business Plans for CRM implementation.

Subhash received his B. Sc. from the University of Bombay, India and his M.B.A from Gujarat University, Ahmedabad.