MphasiS-Wyde's Wynsure System Goes Live at Symetra to Support Group Life and Disability Income Insurance Expansion

EAGAN, MN--(Marketwire - Jan 24, 2012) - MphasiS-Wyde's Wynsure system recently went live at Symetra Life Insurance Company to support its growing group life and disability income insurance business. Wynsure handles all aspects of policy administration and billing.

The completion of phase one capped an aggressive eight-month implementation timeline.

Replacing a legacy system, Wynsure supports new-business plan setup and ongoing processing, storing all plan details. It is web-enabled, letting salespeople use it remotely, along with home office users.

"Wyde and our IT people teamed up and did a great job implementing this new system. Wynsure provides an efficient, flexible platform underpinning our major growth initiative in the group marketplace," said Michael Fry, executive vice president of Symetra's Benefits Division.

Because Symetra offers core and buy-up voluntary coverage, it needed customized flexibility. The Wynsure solution supports list-billed and self-administered plans, including coverage for employees' spouses and dependents, and multiple employee classes.

Wynsure simplifies administration with an automated employee census load that tracks each employee's coverage.

The Wyde-Symetra development team used the agile methodology of scrum with an iterative deliverables approach to produce better and faster results.

MphasiS-Wyde is the maker of Wynsure, a proven core software suite for group and individual life/health/annuity insurers and personal and commercial lines property-casualty insurance companies in North America and Europe. Wynsure features great flexibility and rock-solid reliability, and its modular design allows deployment of a complete solution or one domain at a time. Wynsure's fully integrated modern solution provides core processing across modules, making the technical environment less complex and boosting data integrity.

A subsidiary of MphasiS (a Hewlett-Packard company), Wyde has offices in Eagan, Minn.; Quebec City, Canada; Paris, France; and Bangalore, India. More information is available at www.wynsure.com and at www.mphasis.wyde.com.

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation (NYSE: SYA), a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors. For more information, visit www.symetra.com.