Celent Communications Cites NaviSys' Policy Administration System as One that Should Be on Every Life Insurance Company's Short List.Business Editors/High-Tech Writers EDISON, N.J.--(BUSINESS WIRE)--April 1, 2004 Celent Asserts that "Any Carrier Considering Legacy Replacement or Adding New Lines of Business on a New Policy Administration System Should Strongly Consider NaviSys as a Front-Runner" NaviSys Inc. today announced that Celent Communications included NaviSys' policy administration solution, NaviSys Home Office(TM), in its independent study of 20 policy administration systems. Citing it as "advanced and feature-rich" with "arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. the most open architecture on the market," Celent placed NaviSys' solution among the four leading software packages. In "Life/Health Policy Administration Systems Vendors: 2003," Celent examines North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. policy administration system market trends and profiles, and highlights stand-out vendors for the life/health segment. The report also examines the business drivers behind purchases, including the need for Web enablement, consolidation and integration, product development, and business process improvement. The study describes the completeness of NaviSys Home Office, which incorporates point-of-sale technology such as electronic applications and sales illustration for straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. . Celent also mentioned the modularity of NaviSys Home Office, which allows it to integrate easily with other solutions and makes upgrades simple. Chad Hersch, analyst at Celent, said: "NaviSys' solution features modern architecture, is proven and scalable, and has a client list of 15 North American insurers. We concluded that NaviSys' solution should be included on every life/health carrier's shortlist short·list also short-list n. A list of preferable items or candidates that have been selected for final consideration, as in making an award or filling a position. Noun 1. ." Michael Roe, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of NaviSys, said: "Our selection as a stand-out policy administration system is testament to our modern, advanced, feature-rich solution. J2EE-based and platform-neutral, NaviSys Home Office administration supports both traditional and variable life products, enabling carriers to simplify their IT platforms, speed products to market and provide timely, cost-effective customer service." Last week, NaviSys announced that TIAA-CREF TIAA-CREF Teachers Insurance and Annuity Association - College Retirement Equities Fund has selected NaviSys Home Office to replace a legacy administration system. Please contact NaviSys at info@navisys.com for a copy of Celent's write-up of NaviSys' solution. More information about the report, which is Celent's independent analysis and not sponsored by any technology vendor or insurer, can be found at www.celent.com About NaviSys Leading life insurers rely on NaviSys to streamline, simplify and transform their businesses. From front-line sales to back-office administration, NaviSys delivers advanced technology solutions that improve life insurers' operations, reduce IT costs and sharpen sharp·en tr. & intr.v. sharp·ened, sharp·en·ing, sharp·ens To make or become sharp or sharper. sharp their competitive edge. NaviSys provides the talent, vision and commitment to help insurers' businesses to succeed. NaviSys' platform-neutral software solutions and strategic counsel empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems life insurance carriers and distributors to create, distribute and administer insurance products through multiple channels. Seventy-five percent of the largest domestic life and health insurers and over ninety percent of the top annuity providers are NaviSys clients. Companies such as AIG/American General, Guardian Life, Prudential, AIG/SunAmerica, TIAA-CREF and Western Southern rely on NaviSys' pre-built and customized solutions. 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 Ambler is a borough in Montgomery County, Pennsylvania, in the United States, approximately 16 miles (26 km) northwest of Philadelphia. History Village of Wissahickon . www.navisys.com All copyrights and trademarks are registered and protected by their respective manufacturers. |
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