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McCamish, Pegasystems Embark on Strategic Alliance

Pega's technology will enhance McCamish's VPAS life and annuity platform and its VPAS Benefit Plan Administration solution.

McCamish Systems LLC (Atlanta), an Infosys BPO (Bangalore, India) company specializing in life insurance and retirement business process and technology solutions has entered into a strategic alliance with BPM software vendor Pegasystems (Pega: Cambridge, Mass.). The vendors say that Pega's technology will enhance McCamish's VPAS life and annuity platform and VPAS Benefit Plan Administration products.

The alliance will supply to the market a higher standard of client service characterized by multi-channel (web, mobile, etc.) and multi-geographical capabilities in a highly flexible and configurable environment, according to a joint vendor statement. The combination of the two vendors' offerings will deliver enhanced speed to market, increased visibility into operations and cost effectiveness, the statement asserts.

"The strategic alliance between Pegasystems and McCamish systems will thrust each company strongly forward in the life insurance and annuity solution space. Marrying the strength of Pegasystems' BPM, case management framework with McCamish's VPAS' Life solution will allow carriers a robust PAS solution with configurable business process and front-end capabilities," comments Ben Moreland, senior analyst, Celent (Boston). "McCamish's BPO-based solution offering with Pegasystem's technology will provide insurers with the speed to market and usability needed in today's marketplace, as well as provide process metrics demanded by carriers today, giving carriers the best of both offerings. The new life insurance and annuity solution should further leverage the strengths of both companies. The partnership should prove to drive VPAS Life to be a market leader."

"As we add scale in the United States and abroad, we view the Pega solution set as a game-changer for us from a number of perspectives, but most importantly through improved servicing of existing clients and the ability to onboard new clients more rapidly," comments Gordon Beckham, President and CEO of McCamish Systems.

Leo Sugg, Global Business Unit Leader, Insurance, Pegasystems comments, "Our leading edge technology in insurance, retirement services and beyond, coupled with the well-known McCamish BPO intellectual property, is a powerful and compelling combination for the insurance and retirement services marketplace.

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

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