Atlanta, GA – Mar 19, 2008 – SunGard (http://www.sungard.com) today announced that Union Mutual of Vermont has selected SunGard�s iWORKS Premium Billing Solution (PBS), an enterprise-wide billing system for the property and casualty industry (http://www.sungard.com/iWORKS).
Union Mutual of Vermont selected SunGard�s iWORKS PBS to help with its billing and collection of premiums and to help increase efficiency and reduce costs through system automation. In addition, Union Mutual of Vermont will use the system to provide its agents the ability to serve themselves via the Web.
Michael Nobles, Union Mutual of Vermont�s vice president of finance and treasurer, said: �We chose SunGard because of its experience in the industry, its service-oriented staff, and its responsiveness in adapting the iWorks solution to meet our requirements and the needs of our customers. SunGard�s iWORKS PBS provides the functionality and automation we were searching for.�
Greg Webber, president of SunGard�s insurance business, said, �SunGard helps insurers find better ways to access and analyze data, cut time-to-market, mitigate risk, and gain differentiation.”
About Union Mutual of Vermont
Located in the Green Mountains of central Vermont and first established in 1874, the Union Mutual of Vermont Companies have been providing quality insurance products for over 130 years. The Union Mutual of Vermont Companies are comprised of three property and casualty insurance companies writing an array of personal and commercial lines products since 1874 throughout New England and upstate New York through its network of professional independent insurance agents.
About SunGard iWORKS
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 $5 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.