AIG SunAmerica, Intel and NaviSys Collaborate on Large-Scale Test of NaviSys Policy Administration Software Running in Windows Environment.Business Editors/High-Tech Writers EDISON, N.J.--(BUSINESS WIRE)--May 21, 2003 NaviSys Home Office(TM) Hits Performance Targets on Unisys Platform Running Windows 2000; Solution Will Support AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group SunAmerica Annuity Contract Annuity Contract The written agreement between an insurance company and a customer outlining each party's obligations in an annuity coverage agreement. This document will include the specific details of the contract, such as the structure of the annuity (variable or fixed), any Processing NaviSys today announced that performance analysis performed by Intel(R) Solution Services in Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. proved NaviSys' Home Office system capable of meeting the high-volume annuity transaction processing needs of AIG SunAmerica Inc. The tests, conducted last fall, were a required step before AIG SunAmerica placed the system into production. Randy Epright, Chief Information Officer at AIG SunAmerica said: "This project is part of our overall plan to improve operating efficiencies for our business partners while significantly lowering our IT costs. We are consolidating our annuity business on a single, efficient administrative platform to enable rapid product rollout and browser-based administrative support. Going forward, we'll benefit from the lower total cost of ownership by standardizing our IT infrastructure on Intel-based hardware and the Windows 2000 operating system." The six-week long battery of tests conducted by AIG SunAmerica, Intel Solution Services and NaviSys technology teams simulated AIG SunAmerica's high-volume usage. In the test, NaviSys Home Office(TM) was used by the equivalent of 500 customer service representatives processing almost 1,000 new applications per eight-hour day. The test database contained 1.8 million annuity contracts and completed a combined total of six million transactions. The server was a Unisys ES7000 configured with thirty-two Intel(R) Xeon(TM) processors MP, 16 gigabytes of memory, and Windows 2000 Data Center. For redundancy, the server was partitioned to run as two 16-way machines. Rick Echevarria, General Manager of Intel Solution Services, said: "We are pleased to support AIG SunAmerica's deployment of NaviSys' browser-based administration software. This successful project adds to Intel's growing list of large enterprise deployments." Intel Solution Services is a worldwide professional services organization within Intel Corporation, helping enterprise companies capitalize on the full value of Intel architecture through consulting focused on architecture transitions. More information about Intel Solution Services is available at www.intel.com/internetservices/intelsolutionservices. About AIG SunAmerica Inc. AIG SunAmerica, a member of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc., specializes in retirement savings and investment products and services, including individual variable and fixed annuities Fixed annuities Contracts in which an insurance company or issuing financial institution pays a fixed dollar amount of money per period. , group retirement products, mutual funds, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and institutional spread-based products. The AIG SunAmerica life companies represent the largest issuer of annuities in the United States and operate one of the largest distribution networks for retirement products and services in the country. For more information about AIG SunAmerica, visit www.sunamerica.com. About NaviSys Home Office(TM) NaviSys Home Office(TM) platform-neutral software improves the development, administration and payout phase Payout Phase The phase in an annuity during which payments are made to the annuitant. These are usually paid on a monthly basis and last for the lifetime of the annuitant. The income received from an annuity by a retired investor is considered taxable income. of fixed and variable life and annuity products. Home Office helps insurers: -- Improve operating efficiencies through streamlined administration -- Reduce operating costs and improve customer service -- Rapidly develop and deploy new products without programming -- Respond quickly to new market changes -- Support the annuitization phase Annuitization Phase The period when the annuitant starts to receive payments from the annuity. This period is after the accumulation phase where money is invested into the annuity. of accumulation products About NaviSys NaviSys (www.navisys.com) enables leading life insurers to profit from technology. Through its platform-neutral software solutions and strategic counsel, NaviSys empowers life insurance carriers and distributors to create, distribute and administer insurance products through multiple channels. Companies such as American General, Prudential, SunAmerica, TIAA-CREF TIAA-CREF Teachers Insurance and Annuity Association - College Retirement Equities Fund and Western Southern rely on NaviSys' pre-built and customized solutions, including NaviSys Front Office(TM) and NaviSys Home Office(TM). For twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. , NaviSys has supported insurers' evolving business objectives while leveraging their existing technology investments. Seventy-five percent of the largest domestic life and health insurers and over ninety percent of the top annuity providers have called on NaviSys to combine superior technology with best-practice business processes to gain a competitive advantage. NaviSys has offices in Edison, New Jersey Edison Township (usually known as Edison) is a township in Middlesex County, New Jersey, United States. As of the United States 2000 Census, the township had a total population of 97,687, making it at the time the fifth largest municipality in New Jersey. As of the U.S. and Ambler, Pennsylvania. All copyrights and trademarks are registered and protected by their respective manufacturers. Intel and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. |
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