Toronto, Canada – February 18, 2004�GeniSys, a market leading Business Process Outsourcing firm specializing in policy administration solutions for the life insurance industry, is thrilled to announce that their relationship with Unity Life of Canada has recently been selected as a finalist for the Outsourcing Excellence Awards given out annually by the Outsourcing Center. The nomination highlights the tremendous strategic and operational role GeniSys has played in the success of Unity Life of Canada, one of the fastest growing life insurance carriers in Canada.
“GeniSys is honoured to be chosen as a finalist for these very prestigious awards,” states Mike Nurse, Sr. VP Marketing for GeniSys. “Having our business partnership with Unity Life recognized by the highly respected Outsourcing Center speaks volumes to the significant impacts our best-of-breed administrative services can have on life insurance companies.”
The Outsourcing Excellence Awards (formerly Editor’s Choice Awards), established by Outsourcing Center in 1997, sponsored this year by Everest Group, Forbes and Wharton Executive Education, will be held on May 05 in Houston Texas. The GeniSys / Unity Life partnership is one of 27 finalists that will be up for seven awards at this year’s event.
GeniSys is an international provider of market leading front and back-office policy administration services for the life and health insurance market. Utilizing experienced insurance professionals, refined business processes and best-of-breed technologies GeniSys is able to provide substantial cost-savings and increased efficiencies for end-to-end policy administration services. In 2003, GeniSys administered over 1.4 million policies and processed over 294,000 new applications for five (5) leading life and health insurance carriers.
GeniSys’ administrative solutions allows insurance carriers to:
- Limit new technology investments
- Alleviate onerous fixed-costs for policy administration and new business processing
- Generate revenue by focusing on their core-competency of selling and marketing insurance
- Decrease time to market for new product initiatives
Founded in 2000, GeniSys is a privately held company headquartered in Canada. For more information please visit www.genisysoutsourcing.com
About Outsourcing Excellence Awards
Outsourcing Excellence Awards (formerly Editor’s Choice Awards) is an annual program developed by Outsourcing Center, an online community specializing in thought leadership, best practices and innovation in outsourcing. Everest Group, the parent company, is renowned for its efforts in assisting clients with capturing value through outsourcing. For more information, please visit www.outsourcing-awards.com and www.outsourcing-center.com.