SunGard, LIMRA Form Strategic Partnership

SunGard (Alpharetta, Ga.) has formed a strategic partnership with LIMRA (Windsor, Conn.), a research, consulting and professional development organization of international reach focused on marketing and distribution effectiveness in insurance and financial services. SunGard is the latest addition to LIMRA's strategic partnership program, which makes product and service offerings available to LIMRA member companies worldwide, according to a SunGard news release.

"LIMRA actively pursues strategic alliances that will support our member organizations, and SunGard is an excellent example of the value that we can bring our members through these partnerships," comments James Kerley, president of LIMRA Services, Inc.' "As insurers struggle to operationally transform their businesses to excel and meet regulatory demands, they need to rely on a trusted partner to provide the right mix of technology solutions and consultative services. SunGard is such a partner to LIMRA members worldwide."

LIMRA has recognized SunGard's insurance business and its iWorks solution suite as industry leaders in providing enterprise solutions and services, according to the SunGard release. 'SunGard's iWorks spans the insurance industry's major business lines, including life, health, annuities, pensions, property and casualty and reinsurance. The range of products and services includes: sales enablement and distribution tools, policy administration, reinsurance management, risk management, financial and investment accounting and reporting.

Recently, SunGard and LIMRA worked to develop key performance indicators for SunGard's iWorks EIM Analytics solution, according to the release. LIMRA consultants specializing in business intelligence worked with SunGard business analysts to identify needed data points for executive dashboards for'iWorks EIM, an'insurance'incentive compensation management system.

"Partnering with LIMRA will promote shared objectives for market research, consulting engagements, and sales and marketing opportunities," says Greg Webber, president of SunGard's insurance business.'"LIMRA is an industry thought leader in insurance marketing and distribution. SunGard will benefit from LIMRA's expert advice as we develop comprehensive strategies to solve key problems in these areas." '

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio