MIAMI, FL – September 7, 2006 – SunGard (http://www.sungard.com) today announced that ColinaImperial Life Insurance Company has selected SunGard�s iWORKS NAVIGATOR (http://www.sungard.com/iWORKSnavigator), a comprehensive suite of solutions for life insurance and annuity sales and support, including needs analysis. SunGard is a leading global provider of financial and insurance software solutions for both the individual and employee benefits industries.
NAVIGATOR Illustrations, part of the iWORKS family, is an integrated software solution designed to enhance the sales process and incorporate functionality for life insurance and annuity illustrations and quotes. NAVIGATOR Illustrations is designed with autonomous components so that with one illustration system an insurer can cover distribution channels, from basic ledgers to comprehensive COLI.
Dashwell Flowers, vice president of sales at ColinaImperial Life Insurance Company, said, �We chose SunGard because of its expertise and professionalism. SunGard�s illustration system will play an important role as we continue to expand and introduce new products to our sales force. The illustration system is very flexible, helps us to get products to market faster, and helps improve customer service, while helping provide cost-savings.�
According to Greg Webber, president of SunGard�s iWORKS business unit, �We are pleased to welcome ColinaImperal Life Insurance Company to our NAVIGATOR community of customers. SunGard looks forward to a mutually beneficial, long-term relationship, as well as, working with ColinaImperial Life Insurance Company as it further positions itself for future endeavors.�
About ColinaImperial Life Insurance Company
ColinaImperial Life Insurance Company, the leading life and health insurer in the Bahamas, is a wholly-owned subsidiary of Colina Holdings Bahamas Limited (CHBL), which is 63% owned by the Colina Financial Group Ltd. (CFG). CHBL is a public company listed on The Bahamas International Securities Exchange (BISX). ColinaImperial is rated �Excellent� by the A.M. Best Company.
SunGard�s 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.