MINNEAPOLIS, MN--(Marketwired - Jul 9, 2013) - AIG Benefit Solutions, the group benefits unit of American International Group (AIG), has licensed Wynsure as its policy administration, billing and customer-service system. Wynsure software is owned and developed by the international technology vendor MphasiS Wyde.
Wynsure will handle underwriting and end-to-end administration processes. An advanced portal will offer extensive self-service functions for producers, employers, employees and employee benefits administrators.
"We chose MphasiS Wyde as our implementation partner because Wynsure has a significantly better toolset and functionality than competing products," said Lorena Weaver, Chief Information Officer of AIG Benefit Solutions. Wynsure's out-of-the box functions and tools will support AIG Benefit Solutions' aggressive implementation schedule.
The system will provide extensive functionality for a wide range of products and services, including core and voluntary group life, accidental death and dismemberment along with business travel accident, short- and long-term disability, and worksite products such as Accident and Critical Illness insurance.
"AIG Benefit Solutions has a long tradition of providing innovative products and services to a wide range of employers and affinity groups, and we're gratified we've been chosen to provide the technology that will help them grow sales, boost earnings and improve efficiency," said MphasiS Wyde's Chief Executive Officer of the Americas, Larry Erb.
About MphasiS Wyde
Headquartered in Minneapolis, Minnesota, with a modern research and development center in Paris, France, 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 is a $1 billion global service provider, delivering technology-based solutions to clients across the world. With more than 37,000 employees, MphasiS services clients in banking and capital markets, insurance, manufacturing, communications, media and entertainment, healthcare and life sciences, transportation and logistics, retail and consumer packaged goods, energy and utilities and government around the world. Our competency lies in our ability to offer integrated service offerings in applications, infrastructure services and business process outsourcing capabilities we are uniquely positioned to offer. To learn more about MphasiS visit www.MphasiS.com.
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Web: www.aig.com.