USAbleLife Insurance Selects SunGardís iWorks for Group Benefit Administration
USAble Life has selected SunGardís iWorks to help it build, deploy, administer and sell group insurance and worksite products as well as provide a Web-enabled business environment to its clients and partners. Using SunGardís iWorksí voluntary/worksite environment, USAble will be able to offer its clients greater flexibility in terms of the benefits and services it provides.
SunGardís iWorks will help USAble Life process its business more efficiently through automated enrollment and self-service portals, as well as through the solutionís automatic payroll deduction and direct member billing capabilities. SunGardís iWorks provides the ability for insurers to create tailored insurance products with Web-connected administration and a service-level experience through the life of a policy.
USAble Life will use SunGardís iWorks solutions for group and voluntary insurance product administration, and for financial accounting and reporting. SunGardís iWorks Compass will help support client service, billing, collections, claim administration and help the company manage and grow its traditional and voluntary worksite group life, disability, dental, cancer and critical illness insurance offerings.
SunGardís iWorks Compass, combined with SunGardís iWorks Enterprise Accounting and Enterprise Filing Systems, will provide USAble Life with a centralized financial repository. SunGardís iWorks will support USAble Lifeís financial accounting and statutory reporting needs as well as its statutory filing requirements with state insurance departments and the NAIC, while providing a central data resource from which to perform analysis and risk assessment of its business. By providing a central repository of data, SunGardís iWorks will help USAble to achieve greater accuracy, more timely tracking of financial information and greater visibility across its business lines.
Stu Rubinstein, executive vice president of Life and Disability for USAble Life, said, ďSunGardís iWorks will help us deliver integrated solutions to our clients in conjunction with our Blue Plan partners. We will use SunGardís iWorks to show our clients the value we bring to our services and claim management techniques through sound data and reporting.Ē
Greg Webber, president of SunGardís insurance business, said, ďUSAble Life is dedicated to meeting the needs of its clients through a competitive spectrum of products and services. SunGardís iWorks will help it to deliver on that promise by providing the ability to quickly add and tailor new products and services and enhance the user experience. SunGardís iWorks helps insurers achieve greater agility and resilience by providing a solution suite that can easily adapt to changing business conditions and operational requirements.Ē
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