SunGard announces the launch of Compass Asia, an integratedpolicy administration system that helps insurance carriers acrossthe Asia Pacific region manage their various lines of businessthrough a single platform.  

Compass Asia gives customers the ability to consolidate theircurrent systems, and help them increase speed-to-market, reducetheir technology costs, streamline operations, and simplifytechnology management, according to SunGard.

"Compass Asia will help insurers increase their speed to market,achieve more growth, respond to local regulatory compliancerequirements, and mitigate implementation risks while reducingtotal cost of ownership. The introduction of Compass Asiareinforces SunGard's ongoing commitment to helping insurers in theAsia Pacific region grow and succeed," says PeterHaslebacher, chief operating officer, SunGard's insurancesolutions, Asia Pacific

Compass Asia is a pre-configured rules-based solution that helpsinsurers respond to changing client needs and regulatoryrequirements across the region. It supports the major lines ofbusinesses in Asia Pacific, including individual life, group lifeand superannuation. Its multi-currency and multi-lingualcapabilities also help insurance companies support rapid expansionof their domestic or international operations.