New York Life Insurance Company has signed a multi-year, multi-million dollar contract with UK-based Sherwood International to implement its Amarta workflow solution across its North American operations.
The deal follows New York Life International's recent Amarta implementation in the Philippines, in September 2001. The insurer has so far committed to deploy Amarta in eight countries around the globe.
Amarta is a multi-lingual, multi-currency, rules-based software solution pre-populated with workflow models and templates supporting the life insurance, health and annuities industries.