Alpharetta, GA � June 27, 2007 � SunGard today announced that the Alberta Motor Association Insurance Company, a subsidiary of the Alberta Motor Association (AMA), has selected SunGard’s iWORKS FrontTier, a policy administration solution for property and casualty insurance companies. SunGard’s iWORKS FrontTier is a property and casualty policy administration system that offers integrated business process management functionality to help firms automate submissions, quotations, policies, rating, billing, accounting, workflow, claims, documents and reports. The iWORKS FrontTier tool set helps insurers adapt the system to individual business requirements.
The Alberta Motor Association (AMA) required an insurance policy administration system that would meet the criteria of its insurance operations. The Alberta Motor Association Insurance Company selected SunGard iWORKS FrontTier as its single, strategic platform to help administer and support its mixed portfolio of property and casualty products. iWORKS FrontTier will provide a wholly-integrated suite of functionality for claims administration, underwriting, rating, business analytics, financial reporting, billing, reinsurance, document management, content management and operational workflow management. In addition, it will manage the extraction, analysis and porting of data into other parallel systems used within the Association, providing a scaleable business and technical platform.
According to Ron Grieve, vice president, AMA Insurance Services, “After going through a rigorous requirements study, we chose SunGard’s iWORKS FrontTier as our replacement solution because it meets our criteria for a comprehensive business solution that supports our broad range of products. We gain further confidence in working with SunGard because of its depth of industry experience and financial strength. Because it provides an integrated suite of functionality and seamless workflow, iWORKS FrontTier will best help us meet our business objectives.”
Greg Webber, president of SunGard’s insurance business, said, “We are very pleased to announce the addition of the well respected AMA organization to our iWORKS FrontTier customer base. We are pleased with the working relationship we have established with AMA through the selection process and look forward to enhancing this relationship as we move forward in implementing and supporting the system.”
About Alberta Motor Association
The Alberta Motor Association is a membership organization that, directly and through its wholly-owned subsidiary companies, offers a variety of products, services and benefits to members and customers related to travel, insurance, financial services, automotive services, emergency road service, driver education, advocacy and community involvement. The AMA was created by Alberta Statute in 1926 and is a member of the Canadian Automobile Association (“CAA”) and the American Automobile Association (“AAA”).
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 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