Miami, FL – SunGard today announced that Assumption Life has selected COMPASS ( http://www.sungard.com/compass), SunGard�s enterprise group benefit administration system.
Assumption Life will use COMPASS as a �single-source� solution that will deliver strategic product development, billing/collections and administration support to help manage Assumption Life�s group and individual pension and segregated funds in Canada. COMPASS also will help Assumption Life to enhance quality of client service, improve time to market for new product and service offerings and reduce overall operational costs.
According to Denis Losier, chief executive officer of Assumption Life, �Progress is necessary, we must quickly adapt our computer technology to industry demands and to the emergence of new products. To this end, we have enlisted the services of SunGard because of its undeniable reputation, but also for its flexibility and quality products. We have confidence in SunGard�s ability to help us reach our goals. SunGard has listened, analyzed and offered solutions in order to help improve our effectiveness. COMPASS will help us to achieve our development strategy.�
Greg Webber, president of SunGard�s COMPASS business unit, said, �We are very pleased to announce the addition of Assumption Life to our growing family of Canadian clients. Working with Assumption Life to introduce new, innovative products to the market continues to validate the effectiveness of the COMPASS solution, and our ability to deliver cost effectively and on time. We look forward to a mutually beneficial, long-term relationship with Assumption Life.�
About Assumption Life
Assumption Life operates in the area of financial services. Through its team of highly qualified representatives and selected partners, the company offers its clients a comprehensive range of products required for sound financial planning. The goal of Assumption Life is to assist clients in planning for the future, realizing their dreams, and achieving well-deserved peace of mind. With its broad array of individual and group life insurance products, Assumption Life is the preferred partner of clients seeking to maximize control over their future. Visit Assumption Life at www.assumption.ca.
A participant recordkeeping and plan administration solution for the insurance industry, COMPASS supports a range of plan types, including group pension, group and life disability, individual pension and annuity, and corporate profit sharing. Organizations employ COMPASS as a single solution to serve participants from plan enrollment through termination.
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world�s 50 largest financial services companies. Visit SunGard at www.sungard.com.