Atlanta, GA – March 19, 2007 – SunGard today announced the launch of SunGard iWORKS Premium Billing Solution (PBS), an enterprise-wide billing system for the property and casualty industry. SunGard iWORKS PBS is the rebranded version of the recently acquired Maxim Insurance Software Corporation (Maximsoft) Ebenezer premium billing system.
SunGard iWORKS PBS is designed to be used as an independent billing solution for one or more policy systems or can be integrated into policy processing systems. SunGard iWORKS PBS provides comprehensive commissions, code and rules-based payment plans and fee structures, as well as XML system to system integration. The SunGard iWORKS PBS application can be deployed via the web allowing customers to determine which features are available to agents and policy holders. SunGard iWORKS PBS is a complementary solution to SunGard’s range of existing applications serving the property and casualty insurance industry.
Tara Winters, senior vice president of SunGard’s iWORKS business unit, commented, “When we acquired Maximsoft, we were interested in its proven billing system to complement our existing SunGard iWORKS solutions. SunGard iWORKS PBS is an exciting addition to our family of insurance solutions and further affirms our commitment to the insurance industry.”
About SunGard iWORKS
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. SunGard 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 exceeding $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.