SunGard Launch Helps Asia Pacific Insurers Enhance Policy Systems

SunGard announces the launch of Compass Asia, an integrated policy administration system that helps insurance carriers across the Asia Pacific region manage their various lines of business through a single platform.  

Compass Asia gives customers the ability to consolidate their current systems, and help them increase speed-to-market, reduce their technology costs, streamline operations, and simplify technology management, according to SunGard.

"Compass Asia will help insurers increase their speed to market, achieve more growth, respond to local regulatory compliance requirements, and mitigate implementation risks while reducing total cost of ownership. The introduction of Compass Asia reinforces SunGard's ongoing commitment to helping insurers in the Asia Pacific region grow and succeed," says Peter Haslebacher, chief operating officer, SunGard's insurance solutions, Asia Pacific

Compass Asia is a pre-configured rules-based solution that helps insurers respond to changing client needs and regulatory requirements across the region. It supports the major lines of businesses in Asia Pacific, including individual life, group life and superannuation. Its multi-currency and multi-lingual capabilities also help insurance companies support rapid expansion of their domestic or international operations.