Atlanta,GA – Jun 26, 2007 – SunGard (http://www.sungard.com) today announced that SunGard�s iWORKS COMPASS, a group and individual insurance, pension and investment product administration system (http://www.sungard.com/iWORKS), has been identified as �not only the best choice, but the only choice�, for many carriers looking for a group administration system in its target space, according to Celent�s Policy Administration Systems 2007: Life/Health/Annuity Vendors report.
In this report, Celent, LLC profiles Life/Health/Annuity policy administration systems available today. Chad Hersh, author of the report and senior analyst with Celent, stated in the report: �SunGard�s North American target for iWORKS COMPASS is straightforward: tier 1 group insurers in the US, and tier 1 group insurers and retirement services providers in Canada.� He concluded: �Celent believes that few systems even come close to the kind of deeply ingrained group functionality offered by COMPASS. Celent believes that for many carriers in COMPASS� target market, COMPASS is not only the best choice, but the only choice.�
Greg Webber, president of SunGard�s insurance business, said: �We are pleased to have received such a strong assessment from Celent which is a reflection of SunGard�s commitment to serving the insurance industry. SunGard strives to provide systems that help customers improve efficiency and profitability.�
About SunGard iWORKS
SunGard iWORKS (http://www.sungard.com/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