Pegasystems Selected to Provide QBE Insurance with Business Process Management Technology.SYDNEY, Australia & CAMBRIDGE, Mass. -- Pegasystems Inc. (Nasdaq: PEGA PEGA Programs in Extra-Galactic Astronomy PEGA Poly(Ethylene Glycol)-Polyacrylamide Copolymer (used in chromatography) ) announced today that QBE's Australia Pacific Asia Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. Division (APACE) has selected PegaRULES Process Commander(R) (PRPC PRPC Panhandle Regional Planning Commission PRPC Pega Rules Process Commander PRPC Philippine Refugee Processing Center PRPC Pickerington/Reynoldsburg/Pataskala/Canal Winchester (Prowlers High School Hockey Club; Columbus, Ohio) ) as part of an initiative to use rules-driven technology to enhance the company's business process management (BPM) capabilities. QBE (Query By Example) A method for describing a database query originally developed by IBM for mainframes. A replica of an empty record is displayed and the search conditions are typed in under their respective columns (fields). , winner of Australian Banking & Finance newsmagazine's award for Best General Insurance Company, will be using PRPC to help manage internal operations and provide the basis for externalization The ability to easily connect to and transfer information between business partners. Increasingly, information systems are designed to make their data available to outside partners and customers. This type of collaboration is expected to be a vital part of IT in the 21st century. See EDI. of many of its business processes. QBE Insurance Group is Australia's largest international general insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. group, and one of the top 25 insurers and reinsurers worldwide. Its APACE Division operates in 24 countries, has AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 4.2 billion in gross premiums under management, with approximately 5,500 employees. Pegasystems, the leader in rules-based BPM, was selected for the strategic value of its integrated solution, which in turn supports QBE's commitment to the continuous delivery of quality products and services. "QBE joins a growing list of leading organizations who have adopted PRPC," said Bruce Quick, Managing Director of Pegasystems in Asia Pacific. "QBE's commitment to best-in-class technology validates our strong position in the BPM market and confirms the value of rules-driven BPM solutions for companies interested in agility for growth, productivity and compliance." John Murphy, General Manager, Management Services, QBE APACE said, "We performed extensive due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. to support the selection of an integrated, scaleable BPM and BRE (Business Rules Engine) Software that automates policies and procedures within an organization, whether legal, internal or operational. The use of a rules engine (BRE) requires placing the company rules in an external repository that can be easily reviewed rather than application, and PRPC was the clear choice. We plan to use PRPC as a cornerstone of our Enterprise Architecture for the Division and look forward to realizing significant benefits from its deployment." About Pegasystems Pegasystems Inc. (Nasdaq: PEGA) provides software to automate complex, changing business processes. Our Business Process Management (BPM) solutions provide organizations with the agility critical to managing growth, productivity and compliance. Our solution unifies pure-play BPM software with a sophisticated Business Rules Engine to drive business effectiveness. This patented technology enables organizations to "build for change" and overcome the execution gap that occurs as evolving business objectives outpace the ability of business systems to respond. Pegasystems' BPM suite offers standards-based technology built in a rapid-solution development environment. Our BPM solution combines the capability to solve a full range of business process challenges with the opportunity to leverage existing technology investments. By enabling business process responsiveness, Pegasystems makes it easier for people and systems to work together. Pegasystems' award-winning BPM suite is complemented with best-practice solution frameworks based on more than 20 years of experience helping Fortune 500 and other leading corporations in the financial services, insurance, healthcare, manufacturing and government markets. Headquartered in Cambridge, MA, Pegasystems has regional offices in North America, Europe and the Pacific Rim. For more information, visit www.pega.com. NOTE: Pegasystems and PegaRULES Process Commander are registered trademarks or trademarks of Pegasystems Inc. Other product and company names may be trademarks of their respective owners. |
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