ATLANTA, June 17 /PRNewswire/ -- SunGard was named the top solution provider in three categories in the 2009 Insurer's Choice Technology Rankings. The 2009 Insurer's Choice Technology Rankings were based exclusively on votes received from Life and Health and Property and Casualty insurance carriers.
Financial Insights, a research, consulting and advisory firm, and Tech Decisions, a Summit Business Media publication specializing in insurance technology, conducted the Insurer's Choice Technology Rankings. The awards recognize technology firms that insurers have been choosing to help run their companies. SunGard was the overall winner in Life and Health. SunGard also placed first in the Operations sub category and Informed (Analytics) sub category. SunGard was awarded second place in the two remaining categories, Financials and Product Development.
David Potterton, vice president, global research, Financial Insights, said, "SunGard taking top honors in the overall Life & Health category, in addition to first in Operations and Informed (Analytics), speaks to how favorably its solution set is viewed by this segment of insurers."
Greg Webber, president of SunGard's insurance business, said, "We are pleased to be recognized so favorably by insurance carriers. Our customers expect great products and customer service and we continue to deliver. This honor shows that the industry recognizes the strength of our iWorks insurance solution suite, which continues to address the key issues insurers struggle with, such as finding and capitalizing on growth opportunities, risk management and analytics and client service."
About SunGard's iWorks
SunGard iWorks is a business-driven IT product suite for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWorks offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs. For more information, visit SunGard iWorks at www.sungard.com/iworks.
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses.
Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP.
Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and iWorks 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.
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