SunGard today announced a strategic partnership with Limra, a global leader in marketing and distribution research and consulting to the insurance industry.
SunGard is the latest addition to Limra's strategic partnership program, which makes product and service offerings available to Limra member companies worldwide.
LIMRA recognized SunGard's insurance business and its iWorks solution suite as industry leaders in providing enterprise solutions and services. SunGard's iWorks spans the insurance industry's major business lines, including life, health, annuities, pensions, property and casualty and reinsurance. The range of products and services includes: sales enablement and distribution tools, policy administration, reinsurance management, risk management, financial and investment accounting and reporting.
"LIMRA actively pursues strategic alliances that will support our member organizations, and SunGard is an excellent example of the value that we can bring our members through these partnerships," said James Kerley, president of LIMRA Services, Inc. "As insurers struggle to operationally transform their businesses to excel and meet regulatory demands, they need to rely on a trusted partner to provide the right mix of technology solutions and consultative services. SunGard is such a partner to LIMRA members worldwide."
Recently, SunGard and LIMRA worked to develop key performance indicators for SunGard's iWorks EIM Analytics solution. LIMRA consultants specializing in business intelligence worked with SunGard business analysts to identify needed data points for executive dashboards for iWorks EIM, an insurance incentive compensation management system.
Greg Webber, president of SunGard's insurance business, said, "Partnering with LIMRA will promote shared objectives for market research, consulting engagements, and sales and marketing opportunities. LIMRA is an industry thought leader in insurance marketing and distribution. SunGard will benefit from LIMRA's expert advice as we develop comprehensive strategies to solve key problems in these areas."