Policy administration software and solutions provider Wyde announced yesterday that it has released the latest update to its multi-line insurance administration platform, Wynsure.
Version 5.6 is “geared towards providing best-in-class capabilities to support group & individual insurance markets,” a release said.
This update contains features focusing on enhancing the group and voluntary benefit space. The following aspects of the platform have been optimized:
- Time to Market: Accelerate configuration and deployment of new insurance products.
- Process Automation & Digitization: Best of breed, preconfigured end-to-end group insurance processes, with no-touch automation enabling straight through processing.
- Ease of Integration: Cutting edge service layer integration, making Wynsure functions available to external systems.
Other changes to the platform include:
- Drastically improved product configuration capabilities in Wynsure’s Product Factory module.
- Hyper-specialized support for accident, critical illness and, hospital indemnity in addition to group life and disability products.
- Integrated processes for group quoting & group underwriting, potentially eliminating the need for a separate group rating platform.
“The latest release of Wynsure v5.6 is testament to how important it is to listen to our customers attentively, address the needs and concerns of the market, and continue to produce a dynamic product that improves our customers’ overall business functionality,” said Wyde CEO Rajesh Makhija. “We are thrilled that Wynsure continues to be a success in the group benefits space and look forward to continue serving our customers with world class solutions.”
“The latest improvements on Wynsure offers efficient integration processes and delivers a simplified and easy-to-use platform to the group marketplace,” added Wyde vice-president and head of product development Christopher Goetze. “We’re excited to see its impact on the industry - Wynsure’s integrated processes and newly added capabilities on Group Quoting, Group Rating and Group Underwriting makes them the best in class within the group insurance market space. We are pleased with the results of Wynsure v5.6 and are confident that the latest developments shall ensure Wynsure as a top choice for our customers.”
Related stories:
Developer rolls out new HR and benefits platform
Professional services company updates life insurance and annuity platform
