BLOOMINGTON, Minn., June 23, 2016 /CNW/ -- Mphasis Wyde, a leading international provider of Policy Administration Solutions (PAS), today announced the implementation of Wynsure solutions for Aflac, the leading provider of voluntary insurance at the worksite in the United States. Wynsure will offer end-to-end capabilities to administer Aflac's core group business line, with an initial focus on life, accident and critical illness products. As part of the agreement, Mphasis Wyde offers all components of the Wynsure platform, including support, infrastructure, training and data conversion facilities.
Beyond the technology partnership, Aflac was also inducted into the Wynsure Product Advisory Board known as "Wyde Guides," demonstrating their mutual commitment for long-term success.
Wynsure is a software product with core focus in the group and voluntary benefits markets. Wynsure offers a host of policy administration services, including group case setup, member enrollment, medical underwriting, endorsements and amendments, claims for individual plans and taxes for disability products, renewals, invoicing and commission handling. With Aflac's objectives of system modernization and business transformation, Wynsure will improve operational capabilities to lower operational costs and improve productivity.
"We are excited to have Aflac on board as one of our key customers," said Rajesh Makhija, CEO of Mphasis Wyde. "As the leading provider of financial protection to more than 50 million people around the world, Aflac undoubtedly has the industry's best innovations in the insurance, life and health categories in the United States. It gives us great pleasure to partner with an industry leader to be a key enabler of their future successes."
"As the leading provider of voluntary insurance in the United States, we strive for excellence in all that we do on behalf of our policyholders and accounts," said Julia Davis, senior vice president, chief information officer at Aflac. "With Mphasis Wyde, Aflac can better provide the best-in-class services and solutions our valued customers depend on by infusing innovative technological services."
Wynsure, an Mphasis Wyde flagship product, is an industry-leading insurance Policy Administration Solution used by many of the leading insurance carriers in North America and Europe. It is a premier platform with multiline support, which offers technology solutions for the entire insurance industry, making the customer more agile and flexible. Wynsure offers multiple deployment options, including traditional on-premises licensing, hosted and cloud models.
About Mphasis Wyde
Headquartered in Minneapolis, Minnesota, with a modern research and development center in Paris, France, and an office in Toronto, Canada; Mphasis Wyde has deployed Wynsure, a proven software platform, at many of the leading insurance carriers in North America and Europe. Wynsure is a multi-language, multi-currency, easily customizable software product that offers policy administration, claims and billing solutions across life and annuities, disability, health, and property and casualty insurance. Wynsure can be deployed at an insurance carrier for one or multiple lines of business as a complete end-to-end solution. Mphasis Wyde has over 200 employees who possess significant domain expertise. To learn more about Wynsure, visit www.wynsure.com.
Mphasis (an HP Enterprise Company) enables chosen customers to meet the demands of an evolving marketplace. Recently named by American Banker and BAI as one of the top companies in FinTech and as the "Most Distinguished Digital Company in 2015" by The Economic Times, Mphasis fuels this by combining superior human capital with cutting edge solutions in hyper-specialized areas. Contact Mphasis on www.mphasis.com.
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For further information: Deepa Nagaraj, Mphasis Corporate Communications, [email protected], + 1 (646) 424-5160, http://www.mphasis.com