MINNEAPOLIS, MN--(Marketwire - Jan 7, 2013) - Auto-Owners Life Insurance Company (Auto-Owners Life) has chosen MphasiS-Wyde's Wynsure software as its end-to-end system for its life policy issuance and administration, billing, claims and reinsurance.
Auto-Owners Life, a subsidiary of Auto-Owners Insurance Company in Lansing, Michigan, will implement Wynsure for life, health and disability insurance, and annuities. MphasiS-Wyde, a leading IT services provider headquartered near Minneapolis, was chosen over several other competing vendors.
Bob Buchanan, Senior Vice President, Information Systems & Technology, and CIO at Auto-Owners Insurance Company, said that a cross-functional business and IT team carried out a comprehensive evaluation and determined that Wynsure was the best overall solution that will help us achieve our objectives.
"Wynsure will help us increase speed to market, letting us implement new products and enhancements faster without conventional programming," he said. "The Wynsure platform will also help us boost automation and process efficiencies to enhance responsiveness for our independent agents and policyholders."
"Auto-Owners Insurance is one of America's largest and most respected insurers, and we're looking forward to partnering with them," said Larry Erb, CEO of MphasiS-Wyde-Americas. "Wynsure's rules-based architecture lets insurers easily customize their products without relying on the vendor or IT staff, so the product is especially well suited for this growing life insurer."
Headquartered in Minneapolis, Minnesota, with a modern research & 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.
Auto-Owners Life Insurance Company
Auto-Owners Life is a mutual insurer serving customers in 26 states. It offers life insurance, annuities, health insurance, and disability insurance. The Life Company uses the Auto-Owners Insurance strong independent agency relationships, competitive expense structure, diversified product offerings, and adherence to sound underwriting and risk fundamentals to help generate strong and profitable premium growth. The parent organization just won the J.D. Power & Associates award for Auto Claims Experience for the fifth year in a row.