LIMRA actively pursues strategic alliances that will support our member organizations, and SunGard is an excellent example of the value that we can bring our members through these partnerships
Atlanta (Vocus) February 24, 2010
SunGard today announced a strategic partnership with LIMRA, a global leader in marketing and distribution research and consulting to the insurance industry. SunGard is the latest addition to LIMRA’s strategic partnership program, which makes product and service offerings available to LIMRA member companies worldwide.
LIMRA recognized SunGard’s insurance business and its iWorks solution suite as industry leaders in providing enterprise solutions and services. SunGard’s iWorks spans the insurance industry’s major business lines, including life, health, annuities, pensions, property and casualty and reinsurance. The range of products and services includes: sales enablement and distribution tools, policy administration, reinsurance management, risk management, financial and investment accounting and reporting.
“LIMRA actively pursues strategic alliances that will support our member organizations, and SunGard is an excellent example of the value that we can bring our members through these partnerships,” said James Kerley, president of LIMRA Services, Inc. “As insurers struggle to operationally transform their businesses to excel and meet regulatory demands, they need to rely on a trusted partner to provide the right mix of technology solutions and consultative services. SunGard is such a partner to LIMRA members worldwide.”
Recently, SunGard and LIMRA worked to develop key performance indicators for SunGard’s iWorks EIM Analytics solution. LIMRA consultants specializing in business intelligence worked with SunGard business analysts to identify needed data points for executive dashboards for iWorks EIM, an insurance incentive compensation management system.
Greg Webber, president of SunGard’s insurance business, said, “Partnering with LIMRA will promote shared objectives for market research, consulting engagements, and sales and marketing opportunities. LIMRA is an industry thought leader in insurance marketing and distribution. SunGard will benefit from LIMRA’s expert advice as we develop comprehensive strategies to solve key problems in these areas.”
LIMRA is a worldwide research, consulting and professional development organization that helps more than 850 insurance and financial services companies in 73 countries increase their marketing and distribution effectiveness. Visit LIMRA at http://www.limra.com.
About SunGard iWorks
SunGard iWorks is a business-driven IT product suite 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.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and iWorks are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.