26 March 2017
Visit EBAday.com

SunGard launches cloud-based iWorks Enterprise Life Admin

23 June 2014  |  1550 views  |  0 Source: SunGard

As part of its unified enterprise insurance solution strategy, SunGard has launched iWorks Enterprise Life Admin, a cloud-based policy administration solution (PAS) that helps insurance carriers increase competitive advantage and business growth through faster deployment of new insurance products.

iWorks Enterprise Life Admin is pre-configured to support both group and voluntary life insurance products. This helps insurance carriers reduce the up-front investment, complexity and risk of launching new products while supporting business and technology transformation initiatives.

According to CEB TowerGroup research, 38 percent of insurance firms intend to adopt or replace their policy administration technology before 2017,1 and 59 percent of insurance firms expect spending on cloud solutions technology to increase in the next two years.2

"In the highly competitive insurance market, carriers are driven to expand their product offerings to meet changing consumer demands, as well as reduce the operational risk of aging legacy systems, complex implementations and upgrades. As a result, cloud-based solutions can help alleviate the common challenges of PAS projects and accelerate business agility." - Sam Stuckal, Research Director, CEB TowerGroup

"Because policy administration system projects are mission-critical, implementations tend to be among the longest and most complex. SunGard is helping insurers fundamentally transform and streamline their business processes with the launch of iWorks Enterprise Life Admin to help reduce the complexity of PAS implementations and drive business growth initiatives more quickly, especially for small to medium sized insurance carriers." - Bill Diaz, president, SunGard's insurance business

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57250 views comments | 15 tweets | 35 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
9176 views comments | 42 tweets | 25 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8741 views comments | 23 tweets | 37 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7182 views comments | 22 tweets | 15 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7166 views comments | 4 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job