AXA Sun Life is to implement a new back office system based on the Marlborough Stirling life and pensions solution, Lamda. The contract, which includes the conversion and migration of existing systems, is estimated to be worth around £35 million over four years.
Phase one of the programme, which is already underway, is expected to go live in quarter one of 2002. At the end of the four-year project it is expected that 1500 AXA Sun Life staff will have access to Lamda. By then AXA Sun Life also expects the system to be administering policies for an estimated 2.5 million customers.
Graham Coxell, chief executive of Marlborough Stirling, says the group has been working on the AXA Sun Life proposals for some time. "The win underpins the confidence we expressed at the time of our recent flotation," he adds.