LONDON Friday 16 April 2004 SunGard Sherwood Systems, an operating unit of SunGard (NYSE: SDS) today announced that Wawanesa Mutual Insurance Company, one of the largest property and casualty insurers in Canada, has licensed SunGard�s FrontTier solution to replace its existing legacy policy, billing, workflow and claims systems.
Wawanesa conducted an extensive search for their upgrade and chose FrontTier because it fits their solution requirements most closely, and will allow Wawanesa the ability to expand its solution as their business continues to grow.
Gregg Hanson, President and Chief Executive Officer at Wawanesa Mutual Insurance commented that �FrontTier will allow us to improve our back office processes which will enhance our Independent Broker & Policyholder service and reduce our cost base. During the selection process SunGard Sherwood Systems demonstrated the right solution, a very knowledgeable team and the ability to deliver during a proof of concept.� FrontTier will be rolled out across all of Wawanesa�s locations across Canada and the United States.
�SunGard is very pleased to partner with such a venerable and established company as Wawanesa,� said Gavin Lavelle, Chief Executive Officer, SunGard Sherwood Systems. �The thorough selection criteria used by Wawanesa underlined the benefits of our FrontTier solution with regard to cost of ownership and scalability, alongside the ability to tailor our solution to efficiently and effectively meet our clients� unique requirements�.
Wawanesa Mutual Insurance Company is a Canadian mutual company owned by its policyholders. It is one of the largest property and casualty insurers in Canada. Wawanesa has 100% ownership of a U.S. subsidiary , Wawanesa General Insurance Company (U.S.A.) .
Wawanesa has a rich history dating back to September 25, 1896, when it was founded in the Village of Wawanesa, Manitoba. Today executive offices are located in Winnipeg, Manitoba, Canada. Wawanesa operates in all areas of Canada as well as in the States of California and Oregon in the U.S.A. . Wawanesa was awarded an A+ (Superior) Rating for its financial strength from A.M. Best Co., the world’s oldest and most authoritative insurance rating and information source. Wawanesa’s Canadian insurance products are distributed by over 1,300 independent insurance brokers except in Qu�bec where products are distributed through company agents.
About SunGard Insurance Systems. SunGard Insurance Systems is a global provider of technology solutions to more than 2,000 customers in the insurance industry. SunGard Insurance Systems offers straight-through solutions from front-office sales support to back-office administration, accounting, investment and statutory reporting. SunGard Insurance Systems’ professional services team includes insurance industry specialists who provide consulting, implementation and outsourcing services.
SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenues of $3 billion.
Visit SunGard at www.sungard.com.