Insurance Sales and Administration Solution
MIAMI, FL. February 13, 2006 – SunGard announced today the launch of SunGard iWORKS NAVIGATOR ( http://www.sungard.com/navigator), a comprehensive suite of solutions for life insurance and annuity sales and support. SunGard is a leading global provider of financial and insurance software solutions for both the individual and employee benefits industries.
NAVIGATOR is part of SunGard�s iWORKS family of insurance products and is the result of bundling several SunGard front- and back-office solutions under a common brand. These solutions include AIMS, CAPS, CLAS, Contact Partner, Finpack, and VIP. VIP is used by leading insurance carriers to support their critical sales processes by providing illustrations which can be used on the road or in the office. By combining VIP with its other products to create iWORKS NAVIGATOR, SunGard hopes its customers will benefit from additional functionality and delivery options.
Several reasons have prompted the re-branding as NAVIGATOR. According to Greg Webber, president of SunGard�s iWORKS business, �It is the logical next step for bringing complementary products together in a framework that allows SunGard�s internal development teams to collaborate more easily. From a development perspective, it makes sense to share resources and development tools across product areas which ultimately helps achieve a more consistent approach to integration. We believe this will result in more efficient and innovative insurance solutions for SunGard customers.�
SunGard iWORKS is a business-driven IT product family for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWORKS offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs.
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.