Sydney, 17 December 2013 – Bravura Solutions Limited (Bravura) is pleased to announce that it has won an XCelent award for Depth of Service. This is based on the delivery of its life insurance solution, Sonata, as selected by Celent in its Asia Pacific Policy Administration Systems Life and Pension ABCD Vendor View report, and is the second consecutive year that Bravura has won in this category.
Celent’s report profiles 22 policy administration systems and positions ten policy administration solutions in more detail, evaluating and judging them relative to industry peers. Within this framework, the top performers according to Celent’s assessing dimensions and criteria, receive a corresponding XCelent Award. Bravura was a top performer in the depth of client service category.
Jason Tong, Bravura’s Chief Operating Officer, Asia Pacific said: “We are honoured to have once again received this acknowledgement from Celent. To be recognised in an impartial evaluation such as this is testament to Bravura’s standing as a financial technology industry leader and our deep focus on client service provision.
“A recent service survey of our Asia Pacific clients revealed that 91 per cent agree that we help make their business successful; these results combined with this award win evidence our commitment to excellence”.
Expanded policy administration systems functionality and improved technology mean that insurers continue to have a wide spectrum of systems and vendors to consider when they are looking for a solution to fit their needs. Celent’s report is designed to help insurers refine their core systems strategies and create a list of appropriate vendors for evaluation.
Bravura’s Sonata solution is a client-centric, rules-based application with workflow management that supports the rapid launch and flexible administration of many different product types. Sonata supports the administration of a broad range of life insurance products, including term life, traditional life, unit linked life, universal life and group life products. It incorporates all aspects of the policy lifecycle from quotation and new business capture, underwriting and issue, to policy servicing through to expiry, maturity and claims processing.
Bravura’s Chief Operating Officer – APAC, 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]