SOURCE: Wyde Corporation

April 25, 2011 09:31 ET

Symetra Life Selects Wyde's Wynsure System for Group Life and Disability Income Insurance Administration; End-to-End Solution to Support Growth

EAGAN, MN--(Marketwire - Apr 25, 2011) - Symetra Life Insurance Company has selected Wyde's Wynsure system as the end-to-end administration solution for its expanding group life and disability income insurance business.

When fully implemented, Wynsure will support policy quoting, underwriting, policy administration and claims. The first phase, scheduled to be implemented this year, will cover new business and policy administration.

"With our plans to expand Symetra's group life and disability income insurance operation, we need an integrated systems solution to support us as we grow. Wynsure will be a key component of this important growth initiative," said Michael Fry, executive vice president of Symetra's Group Division.

"Symetra is one of the premier companies in the employee benefits industry and a strong brand name to add to our growing base of Wynsure clients," said Didier Lamour, CEO of Wyde North America.

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation (NYSE: SYA), a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors. For more information, visit www.symetra.com.

Wyde Corp. is the maker of Wynsure, a proven core software suite for group and individual life/health/annuity insurers and personal and commercial lines property-casualty insurance companies in the North America and Europe. Wynsure features ultimate flexibility and rock-solid reliability, and its modular design allows deployment of a complete solution or one domain at a time. Wynsure's fully integrated modern solution provides core processing across modules, making the technical environment less complex and boosting data integrity.

Wyde offices are in Eagan, Minn.; Quebec City, Canada; Paris, France; and Tunis, Tunisia. More information is available at www.wynsure.com.

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