Mphasis Wyde Launches Its Cloud- Based Policy Administration Solution in Canada

By CIOReview | Tuesday, March 1, 2016
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TORONTO, ON: Business Wire recently published the latest announcement by Mphasis Wyde, a leading international provider of policy administration solutions (PAS), about the launch of Wynsure as a Service. This is Mphasis Wyde’ first PAS on the cloud for the North American market. Wynsure is a hosted multiline policy administration product that focuses on Group Benefits (L&H), Individual Life and Credit Protection Insurance segments. It offers a complete turnkey solution that includes application hosting and management, consulting and configuration services in addition to 24x7 help desk support.

“Our global team of experienced professionals possess deep knowledge of both the insurance industry and Wynsure product, thus helping clients solve unique business challenges, achieve rapid implementation and faster results,” said Rajesh Makhija, CEO, Mphasis Wyde.

“Our customers can focus on growing market share while Mphasis Wyde runs day-to-day management of core Insurance Technology eco-systems in an Operating Expenditure model, allowing improved cash flow to the business that enables new insurance product launches and other capital expense needs,” he added.

“We are excited about the launch of our flagship Wynsure product available in a hosted deployment model on a global basis. The launch of as a service model starting with Canada for North American market, is geared towards addressing the needs of Canadian Insurance industry market and regulatory requirements,” said Gregory Delhomelle, Managing Director, Canadian Operations, Mphasis Wyde.

Wynsure as a Service, an ASIP health approved product, allows customers to launch a new product, to cover a new market or to outsource a particular specific part of managed products; leveraging the modernity, flexibility and operational efficiency supported by the latest versions of Wynsure.

Wynsure, an Mphasis Wyde flagship product, is an industry leading Insurance Policy Administration Solution used by many of the leading insurance carriers in North America and Europe. It is a premier platform from Mphasis Wyde with multilingual support, which offers personalized technology solutions for the entire insurance industry, making the customer more agile, flexible and profitable