Minneapolis-based Mphasis-Wyde has released version 4.7 of Wynsure, an end-to-end platform for group life, individual life, P&C, health and mortgage insurance. The latest version has specific focus towards the Group Life market with true group, individual and voluntary business on a single platform, the company says, including enhancements designed to improve the user experience and reduce the overall cost of implementation and ongoing maintenance while integrating with diverse platforms and the ability to actively participate in the ACORD work groups.
The platform allows users to retain and track customers moving between groups and/or individual products for a more efficient customer service experience. In addition, it features multi-language and multi-currency capabilities to ensure effectiveness across regions.
"With the release of Wynsure v4.7, we substantially broaden the market for our products," said Larry Erb, CEO of MphasiS-Wyde for Americas, in a statement. "We'll continue to listen to our clients and the market and invest in functionality that makes it easier to process information by functional domain, specific product lines, and distribution. Since the introduction of our platform, many of our customers have been awaiting a solution that can support multiple product lines on a single platform improving business efficiencies. I am pleased that we were able to meet their needs in such a short timeframe."
MphasiS acquired Wyde Corporation and the Wynsure platform in 2011.