CHICAGO, Illinois and TORONTO, Ontario – SOLCORP, a leading provider of software solutions to the
life insurance industry and a subsidiary of EDS (NYSE: EDS), today announced the release of SOLCORP / INGENIUM 6.2,
which includes 7/24 support and a number of other significant enhancements for end users.
INGENIUM 6.2 enhancements include:
The ability to run batch processes concurrently with the online system,
Support for processing premium payments via credit cards and
A number of tax and regulatory related improvements.
Specifically, the new enhancements allow insurers to extend
the number of service hours provided to customers through the batch process improvement.
Additionally, INGENIUM now stores credit card information and attaches it to the client,
the payor and the policy. Automated credit card billing data feeds are processed and sent
to selected credit card companies for payment. Lastly, INGENIUM 6.2 provides recognition
and support for tax withholding and reporting processes for United States and Canadian
locations. It also calculates the seven-pay premiums and guideline premiums using first principles.
“INGENIUM 6.2 reflects SOLCORP’s continued commitment to help our users meet the
changing demands of the marketplace,” says Michael Dufton, President and CEO,
SOLCORP. “With new capabilities such as 7/24 support and credit card billing our
users will be able to provide a higher level of service to their customers.”
About SOLCORP / INGENIUM
INGENIUM 6.2 addresses the life insurance industry’s need for a flexible, high
performance, back office core solution that gives users immediate access to customer
information and flexible, full function processing of life insurance products. As a
browser-based system, the offering is ideally suited to help support modern life insurance
companies in their plans to Web-enable their core administration systems.
SOLCORP, a wholly owned subsidiary of EDS, is an acknowledged leader in providing software
solutions and consulting services worldwide for the life insurance and bancassurance industries. Many of
the largest life insurance and financial groups have benefited from SOLCORP’s advanced systems, such as
SOLCORP / INGENIUM and SOLCORP / APEX, which have been developed in close cooperation with the customers
themselves. Customers range across the United States, Canada, the United Kingdom and Europe, South America
and Asia Pacific. For more information, visit the company’s Internet site at
EDS, the leading global services company, provides strategy, implementation and hosting
for clients managing the business and technology complexities of the digital economy. EDS
brings together the world’s best technologies to address critical client business
imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish
their customers’ trust and continuously seek improvement. EDS, with its management
consulting subsidiary, A.T. Kearney, serves the world’s leading companies and governments
in 55 countries. EDS reported revenues of $19.2 billion in 2000. The company’s stock is
traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. Learn
more at www.eds.com.
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