Atlanta, GA – June 14, 2012
McCamish Systems, LLC, an Infosys company, specializing in insurance and retirement business process solutions, today announced a strategic business alliance with Resonant Software, a company with an underwriting and new business solution for the life insurance industry.
This partnering of two best-of-breed companies will offer enhanced capabilities to the life insurance BPO and SaaS market spaces. VPAS ® Life, McCamish's robust life and annuity policy administration platform used in both BPO and SaaS service models, combines with Resonant Software's state-of-the-art Integrated Life Underwriting Suite (ILUS) to bring a significant value proposition, providing superior efficiency and flexibility for life insurance carriers.
Targeting both the simplified issue and fully underwritten markets, the McCamish - Resonant partnership provides a fully integrated solution, from the receipt of the application through policy administration in a BPO or SaaS model.
"For our clients and prospects who are writing new business, our alliance with Resonant provides a significant extension of our service solution," said Gordon Beckham, President and CEO of McCamish, an Infosys company. "As we sought a best-of-breed partner in this space, we conducted a thorough market study and were convinced that Resonant's product offered us the robust capabilities, configurability and flexibility that would allow us to best serve our clients."
"We are very excited about our partnership with Infosys," says William Frank, Chief Executive Officer of Resonant. "Combining our unique underwriting solution with the Infosys' world-class policy administration system will give life insurance carriers a new option as they look to expanding their product portfolios. The ease and speed of deployment as well as the flexibility of the solution will bring significant advantages to our clients."
Resonant's Integrated Life Underwriting Suite (ILUS) is software developed by underwriters for underwriters. Resonant's groundbreaking, adaptive process significantly reduces the cost and time of deployment, and improves cycle time, productivity and regulatory compliance. Resonant seamlessly integrates all the tools required to manage fully underwritten or simplified issue and straight through process applications, with unprecedented control and visibility.
McCamish Systems, located in Atlanta, Georgia, is the Life Insurance and Retirement Services subsidiary of Infosys BPO Ltd. ( www.infosysbpo.com), the Business Process Outsourcing subsidiary of Infosys Limited, which was set up in April 2002. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process re-engineering. Infosys BPO operates in India, the Czech Republic, Poland, Mexico, Brazil, USA, China, the Philippines and Australia, and as on March 31, 2012, employed 21,421 people. It closed FY 2011-12 with revenues of US$ 494.5 million.
Many of the world's most successful organizations rely on the 150,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow's enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com
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