HCLTech and Keylane Partner to Drive Life Insurance Modernization Across Europe

By Lauren Towner · 18 September 2026

In brief: HCLTech and Keylane have partnered to modernize core IT systems for European life insurance and pension providers, focusing on AI readiness and SaaS-based administration across four key markets.

Key facts
Primary Markets	UK, Netherlands, Denmark, Norway
Technology Focus	SaaS and Governed AI
Industry Vertical	Life Insurance and Pensions

Press Release: HCLTech and Keylane Partner to Drive Life Insurance Modernization Across Europe | Featured Image by FF News

HCLTech, a leading global technology company, and Keylane Life and Pension B.V., a leading European provider of SaaS-based core administration platforms for the insurance and pension industry, today announced a partnership to address the critical requirement of modernization of core IT systems across the life insurance and pension services providers in Europe.

According to Srinivasan Seshadri, Chief Growth Officer and Global Head, Financial Services, HCLTech, "AI is transforming everything around us and yet modernization of legacy systems is one of the most pressing challenges facing insurance and pension services providers. With HCLTech’s full-stack portfolio, deep domain expertise and Keylane’s purpose-built platforms, we aim to make these modernization cycles faster and friction free to enable the industry to be ready for the AI-era and deliver digital first experiences to customers."

"Life insurance and pension providers across Europe are under increasing pressure to modernize their core technology while maintaining continuity, compliance and control. Keylane offers a stronger, more predictable path to modernization by combining our SaaS platforms with our governed AI solution that connects directly to core data and operations to drive efficiency, automation and innovation. Together with HCLTech, we can help the insurance and pension industry build a future-ready foundation for continuous innovation and growth," said John Reynders, CEO, Keylane Group.

The partnership will launch initially in the United Kingdom, the Netherlands, Denmark and Norway, four of Europe’s most active life and pensions modernization markets, with plans to expand into additional European markets through a joint go-to-market model built on shared insurance domain expertise.

About HCLTech: HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology & Services, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending June 2026 totalled $14.8 billion.

Frequently asked questions

How will HCLTech and Keylane improve life insurance modernization?

HCLTech and Keylane will improve **life insurance modernization** by combining **full-stack technology services** with **SaaS-based core platforms**. This partnership aims to make **modernization cycles faster** and more **friction-free**, allowing providers to replace **legacy IT systems** with **AI-ready infrastructure** that supports **digital-first customer experiences** across Europe.

Which European countries are included in the initial rollout?

The initial rollout of the partnership targets the **United Kingdom, the Netherlands, Denmark, and Norway**. These four countries are identified as the **most active markets** for **life and pensions modernization**. The companies plan to **expand into further European markets** following this initial phase using a **joint go-to-market model**.

What specific technology does Keylane provide for this partnership?

Keylane provides **SaaS-based core administration platforms** specifically designed for the **insurance and pension industry**. Their solution includes a **governed AI solution** that connects directly to **core data and operations**, which helps drive **efficiency, automation, and innovation** while maintaining **continuity and compliance** for life insurance providers.