MphasiS-Wyde Announces Wynsure v4.7 and Continued Investment in their Leading Multi-Line Insurance Platform

The New Release Includes Several Enhancements to Improve User Interface and Experience, Performance, Implementation Efficiency and Maintenance.

MINNEAPOLIS--(BUSINESS WIRE)--MphasiS-Wyde, a leading IT services provider, released Wynsure v4.7, an end-to-end platform to manage multiple lines of business including Group, Individual, Property & Casualty, Health and Mortgage insurance. Wynsure’s latest version has specific focus towards the Group Life market with true group, individual and voluntary business on a single platform. The R&D investment includes enhancements designed to improve the user experience and reduce the overall cost of implementation and ongoing maintenance while integrating with diverse platforms and the ability to actively participate in the ACORD work groups.

“With the release of Wynsure v4.7, we substantially broaden the market for our products”

With Wynsure v4.7, insurance carriers can now process enrollment, billing and claims quickly, while simultaneously supporting large volumes of data and transactions across multiple lines. Wynsure enables carriers to efficiently manage end-to-end processes through intuitive rules configuration. As a result, effectively processing information without dependency on multiple systems or components across various product lines. This multi-line platform creates the ability to easily retain and track customers moving between Groups and/or Individual products, allowing a client centric view for a more efficient customer service experience. In addition, the multi-language and multi-currency capabilities ensure effectiveness across regions, catering to all functional needs of a carrier.

“With the release of Wynsure v4.7, we substantially broaden the market for our products,” said Larry Erb, CEO of MphasiS-Wyde for Americas. “We’ll continue to listen to our clients and the market and invest in functionality that makes it easier to process information by functional domain, specific product lines, and distribution. Since the introduction of our platform, many of our customers have been awaiting a solution that can support multiple product lines on a single platform improving business efficiencies. I am pleased that we were able to meet their needs in such a short timeframe.”

MphasiS acquired Wyde Corporation and the Wynsure platform in 2011 to expand their commitment to providing large and mid-market insurance carriers across the U.S., France and Canada multi-line capabilities. The platform has quickly gained recognition for providing a range of software, business consulting and professional services in the areas of policy administration, claims and billing.

About MphasiS-Wyde:

Headquartered in Minneapolis, Minnesota, USA, with a modern Research & Development (R&D) center in Paris, France, MphasiS-Wyde has developed and deployed Wynsure, a proven software platform, at many of the leading insurance carriers in North America and Europe. Wynsure is a multi-language, multi-currency, easily customizable software product that offers policy administration, claims and billing solutions across Life & Annuities (L&A), disability, health, and Property & Casualty (P&C). Wynsure platform can be deployed at an insurance carrier for one or multiple lines of business as a complete end-to-end solution. MphasiS-Wyde has over 200 employees who possess significant domain expertise. To learn more about Wynsure visit www.wynsure.com.

About MphasiS

MphasiS is a $1.1 billion global service provider, delivering technology based solutions to organizations. With more than 37,000 employees, MphasiS represents companies across a wide range of industries including Banking and Capital Markets, Insurance, Manufacturing, Communications, Media & Entertainment, Healthcare & Life Sciences, Transportation & Logistics, Retail & Consumer Packaged Goods, Energy & Utilities, and Governments around the world. Our competency lies in our ability to offer integrated service offerings in Applications, Infrastructure Services, and Business Process Outsourcing. We are uniquely positioned to offer our clients the highest level of expertise. To learn more about MphasiS, please visit www.mphasis.com