Sherwood bags new Amarta contracts

Sherwood bags new Amarta contracts

UK-based insurance technology vendor Sherwood International is reporting two new contract wins for its Amarta workflow solution with Adepta Services Limited and Swiss Life.

The company has secured a five-year third party administration contract with Adepta for 500,000 policies per annum, with an option to extend this to two million policies. The deal is valued at a minimum of £720,000.

Swiss Life has been working with Sherwood since summer 2000. As part of a new agreement, Sherwood will implement a second phase of Amarta. The deal will generate £3 million in revenue, says the vendor.

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