SOURCE: Wyde Corporation

March 10, 2011 16:12 ET

New Version of Wynsure, Core Insurance System, Offers Insurers Policy Web Portal, Commission Hierarchy -- Unveiled at Wyde User Conference

PARIS--(Marketwire - March 10, 2011) - Insurance companies can better manage complex commission arrangements and offer business partners a powerful Web portal with Wynsure version 4.4, unveiled at the Wyde Corporation user conference in Paris. Wynsure is a core insurance system used by insurers in North America, Europe and Asia. 

The new hierarchy commission function lets insurers easily manage commissions that various agencies are sharing commission in a hierarchy. Both life-health and property-casualty insurers often deal with multiple levels of retail and managing general agencies.

The new Wynsure Web portal lets insurers' business partners view and update with their customers' policies. For instance, a broker can use the portal to make an address change on a policy; a human resources administrator could view a list of employees and their coverages.

About 90 Wynsure global users, partners, and employees attended the two-day conference.

Wynsure is a proven core software suite for life-health and property-casualty insurance companies. Fully Web-enabled, Wynsure features ultimate flexibility and rock-solid reliability. 

Wynsure's modular design allows deployment of a complete solution or one domain at a time. Modules include policy administration, claims, product factory, premium management, reinsurance, commissions, quoting, and customer care. The fully integrated solution provides core processing across modules, making the technical environment less complex and boosting data integrity. 

Wyde (www.wynsure.com), a leading international insurance software vendor since 2000, has offices in the United States, Europe, Canada and North Africa, and leads projects in four continents. Led by an experienced leadership team, Wyde employs more than 200 employees worldwide. Wyde's strategic core values are excellence in technology, customer-centric product development, and a strong R&D commitment.

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