Concentrix Extends Relationship with Sagicor Financial Corporation
(Thomson Reuters ONE) -
FOR IMMEDIATE RELEASE
Media Contact: Clint Williams, Concentrix
770.883.2551 | cwilliams(at)concentrix.com
Concentrix Extends Relationship with Sagicor Financial Corporation
Carrier uses GIAS for new business in the Caribbean
FREMONT, California - Oct. 7, 2015 - Barbados-based Sagicor Financial
Corporation (SFC) has extended the use of the Concentrix Insurance Solutions
(Concentrix) GIAS platform to process new individual life insurance business in
select Caribbean countries. The move allows Sagicor to explore new ways to
configure its life insurance businesses across its various business units.
"We have been using GIAS successfully for some time in our U.S. operations, but
this is the first time we took advantage of the platform to run our business
outside of the U.S., specifically in Barbados, Trinidad, and across the Eastern
Caribbean countries," said Ron Blitstein, Executive Vice President
and Group Chief Information Officer at SFC. "What's especially impressive is the
way we can bring new products on stream faster."
"Sagicor can now introduce new products faster across a landscape of various
currencies and country-specific regulations," Blitstein continued. "With GIAS,
we are able to offer new insurance products to our customers across the
Caribbean region in a matter of weeks, not months, as it was with the legacy
system." Blitstein added, "The go-live date and the dates thereafter were a
'non-event,' during which we did not experience any service interruptions."
For Sagicor, which does business across the Caribbean, Latin America, and the
United States, GIAS enables the company to consolidate life insurance products
onto a single platform with common business processes, security, client
information, accounting and commission capabilities. Beyond these common
controls, GIAS helps the company account for insurance regulations, currency
systems, taxes and other factors that are unique to each country.
"Through GIAS, we have an upgrade path and the partnership and responsiveness of
Concentrix made the transition to a new system easy," said Teri
Townsend, Sagicor Vice President of Technology. "We attribute the implementation
success to the Sagicor and Concentrix project teams' working relationship. A
significant outcome for Sagicor is that GIAS enabled us to streamline and
modernize the business.
"For Sagicor," she added, "speed to market is essential. We expect to develop
and introduce at least twice as many new products in a year compared to what we
could introduce prior to GIAS."
"The GIAS implementation for Sagicor reflects our mission to enable our client's
growth and business outcomes through the powerful and functionally-rich business
solutions and services we provide," said Robert Marino, Concentrix Insurance
Solutions sales leader. "Our goal is to assist clients to act on growth
initiatives and customer experience enhancements to reach the desired business
outcomes by transforming the business."
About Sagicor Financial Corporation
Sagicor is a leading provider of financial services in the Caribbean. Operating
in 23 countries, including the USA and Latin America, Sagicor has total assets
of US $6.2 billion, and $774 million in capital. The Sagicor Group offers a
wide range of products and services including life insurance, annuities, banking
and group and individual health. Sagicor is a widely-held publicly- traded
company and is listed on the stock exchanges of Barbados, Trinidad and
Tobago and London.
About the Concentrix GIAS Technology Platform
Genelco Insurance Administration Solution(TM) GIAS is a next-generation, Java-
based strategic solution for life and health insurance carriers. It has robust,
component based administrative and claims processing functionality, a world
class business rules engine, SOA and Web services capabilities. It is a Web-
based application that is platform and database independent. It has been put
into production in multiple environments in the US and China, and the Caribbean,
and can be deployed in a license, SaaS or full third-party administration
model.
About Concentrix
A wholly owned subsidiary of SYNNEX Corporation (NYSE: SNX), Concentrix is a
leader in high-value global business services. It partners with its clients to
deliver end-to-end customer engagement services, technology innovations,
analytics, process optimization, and business improvements. The global business
services firm transforms the customer experience, and streamlines front and back
office and industry-specific processes to provide the highest value from every
customer interaction. Based in 24 countries with a staff of more than 54,000 who
speak 40+ languages, Concentrix offers industry expertise in 10 industries:
Banking & Financial Services, Healthcare & Pharmaceutical, Insurance,
Technology, Consumer Electronics, Retail & e-Commerce, Government & Public
Sector, Media & Communications, Automotive and Travel, Transportation & Tourism.
For information and recent news, visit www.concentrix.com.
About SYNNEX
SYNNEX Corporation (NYSE:SNX), a Fortune 500 corporation, is a leading business
process services company, optimizing supply chains and providing outsourced
services focused on customer relationship management. SYNNEX distributes a broad
range of information technology systems and products, and also provides systems
design and integration solutions. Founded in 1980, SYNNEX Corporation operates
in 25 countries around the world. Additional information about SYNNEX may be
found online at www.synnex.com.
Safe Harbor Statement
Statements in this release that are forward-looking, such as platform and
service features and capabilities and the general success of the collaboration,
involve known and unknown risks and uncertainties which may cause the Company's
actual results in future periods to be materially different from any future
performance that may be suggested in this release. The Company assumes no
obligation to update any forward-looking statements contained in this release.
Copyright 2015 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo,
CONCENTRIX, and all other SYNNEX company, product and services names and slogans
are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the
SYNNEX Logo, and CONCENTRIX Reg. U.S. Pat. & Tm. Off. Other names and marks are
the property of their respective owners.
SNX-G
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Synnex Corporation via GlobeNewswire
[HUG#1957520]
Unternehmensinformation / Kurzprofil:
Datum: 07.10.2015 - 20:00 Uhr
Sprache: Deutsch
News-ID 425575
Anzahl Zeichen: 7889
contact information:
Town:
FREMONT
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 146 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Concentrix Extends Relationship with Sagicor Financial Corporation"
steht unter der journalistisch-redaktionellen Verantwortung von
Synnex Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
