Sydney, 12 November 2012 – Bravura Solutions Limited (Bravura) is pleased to announce that New Zealand life insurance client, Partners Life, has won a Celent Asia Insurance Technology Award for Best Newcomer. Partners Life chose Bravura’s Sonata technology for its highly successful start-up.
Naomi Ballantyne, Managing Director, Partners Life said: “We are delighted to have won this award, which stands testament to the unprecedented success we achieved in an incredibly short timeframe. Bravura’s highly configurable and flexible wealth management and life insurance application enabled Partners Life to quickly enter the market and become New Zealand’s second largest writer of life insurance new business premiums within one year.
“Selecting Bravura as a systems supplier has been instrumental in helping us achieve the success we enjoy today. Technology has been a major driver of our business efficiency”.
Partners Life launched in 2011 and within 11 months of business, it had written $23 million in premiums and had captured 13 per cent of the new business market share in New Zealand.
Jason Tong, Bravura’s Chief Operating Officer – Global Wealth Management said: “We are proud to have played such a key role in Partners Life’s success, and indeed winning this award. Partnering with our clients to enable their success and building our systems to pave the way for their growth is core to our business ethos. Adopting modern, reliable technology that flexibly scales as a business grows is crucial to remaining competitive in the life insurance market today. At Bravura, we provide this modern, agile technology coupled with a proven, rich depth of functionality.
“Our success is driven by a combination of state of the art technology, and a savvy business approach; we provide the highest levels of service and partnership to deliver technology that closely meets our clients’ needs.”
Combining over 15 years of leading trusted software and rich functionality with the advantages of modern and scalable technology, Sonata is Bravura’s wealth management and life insurance application suite for policy administration and investment. It provides a single solution with coverage for life insurance, trusts, pensions, superannuation and wrap products. A comprehensive end-to-end solution, it includes web access, workflow and real-time straight through processing.
Bravura’s Chief Operating Officer, Jason Tong was quoted in this press release. To ask Jason a question regarding the release or to discuss it in more detail, email [email protected]