SINGAPORE, March 26, 2013 /PRNewswire/ -- SunGard has launched Compass Asia, an integrated policy administration system that helps insurance companies across the Asia Pacific region manage their various lines of business efficiently 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.
Peter Haslebacher, COO for SunGard's insurance solutions in Asia Pacific said, "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 also reinforces SunGard's ongoing commitment to helping insurers in the Asia Pacific region grow and succeed."
Compass Asia is a pre-configured rules-based solution that helps insurers respond quickly 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.
About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.
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SunGard, the SunGard logo, and Compass are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
