EDS SOLCORP Continues to Extend Capabilities of Multi-Product RADIENCE Administration Platform
TORONTO, Ontario.– EDS SOLCORP (EDS) today announced it is extending the RADIENCE Administration Platform to provide additional capabilities including Traditional Life, Universal Life, Variable Universal Life and Disability Income including Worksite marketing. These capabilities will be available in the next release of the platform scheduled for fall 2007.
“The introduction of additional capabilities demonstrates the power and flexibility of the RADIENCE Administration platform,” explained Roger Paehr, portfolio management director, EDS SOLCORP. “The single unified chassis that RADIENCE Administration provides can support any product line, feature, rider or coverage. This provides insurers with the capability to develop new and innovative products incorporating features that cross traditional lines of business.”
RADIENCE is a multi-product architecture and platform built from the ground up to address the policy administration needs of life insurance and annuity providers. The solution supports a unified product chassis that eliminates traditional product silos, enabling users to easily combine features from life, annuity, health and disability lines into a single policy. RADIENCE provides the first life insurance specific SOA environment complete with a comprehensive set of pre-built life insurance web services combined and extended to create high performance business processes and support capabilities.
The RADIENCE platform is built to meet the needs of today’s rapidly changing market where blurring product lines, industry integration, changing regulations, and mergers and acquisitions are demanding that carriers improve operational efficiencies, decrease time to market, grow revenues and market share, and deliver innovative solutions and superb customer service. RADIENCE is designed for this dynamic environment enabling insurers to reduce costs, shorten time-to-market, improve the customer experience, and adapt quickly to changing needs.
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