MINNEAPOLIS, MN--(Marketwired - Jul 17, 2013) - Can a modern policy administration system handle a database with tens of millions of individual policies and thousands of group policies?
A new whitepaper from MphasiS Wyde answers key questions about scalability by detailing the results of an exacting benchmark test.
MphasiS Wyde's PAS, Wynsure, was tested on a database of 40 million individual policies and 17,000 group policies. Policies included group supplemental insurance plans and individual life, health and disability worksite policies configured according to a major insurance company's specifications.
The test covered backend transactions typically processed by end-users, such as issuance, endorsements and renewals, with a load of 400 concurrent users. It also simulated straight-through processing for group and individual enrollments.
CSS Corp., an independent testing organization, oversaw testing and load and automation scripting, and provided analysis and reporting.
MphasiS Wyde first created an enormous simulated policyholder database that truly represented the insurer's book of business so that simulated users could process typical transactions.
The whitepaper details steps taken to tune the hardware and software for top performance.
Wynsure passed: some 74% of transactions in the final benchmark had a response time under 750 milliseconds and 85% had response time within 1 second. Only 1% of user transactions took 1.5 seconds or more.
The test also successfully simulated STP for group and individual enrollments. Average response time for an individual subscription was 744 ms. With group enrolment, it averaged 870 ms.
Some 32,934 transactions ran without a single failure.
"Benchmarking gave the MphasiS Wyde team valuable information on how to make Wynsure run fast and nimbly with a huge policyholder database of both individual and group policies," said MphasiS Wyde technical director Christopher Goetze.
For a copy of the whitepaper, contact Cynthia Coleman, director, product marketing, at 314-603-4268 or cynthia.coleman@mphasis.com.
About MphasiS Wyde
Headquartered in Minneapolis, Minnesota, USA, with a modern Research & Development (R&D) center in Paris, France, MphasiS-Wyde has developed and deployed Wynsure, a proven software platform, at many of the leading insurance carriers in North America and Europe. Wynsure is a multi-language, multi-currency, easily customizable software product that offers policy administration, claims and billing solutions across Life & Annuities (L&A), disability, health and Property & Casualty (P&C). Wynsure platform can be deployed at an insurance carrier for one or multiple lines of business as a complete end-to-end solution. MphasiS-Wyde has over 200 employees who possess significant domain expertise. To learn more about Wynsure visit www.wynsure.com.
About MphasiS
MphasiS is a $1.1 billion global service provider, delivering technology based solutions to organizations. With more than 37,000 employees, MphasiS represents companies across a wide range of industries including Banking and Capital Markets, Insurance, Manufacturing, Communications, Media & Entertainment, Healthcare & Life Sciences, Transportation & Logistics, Retail & Consumer Packaged Goods, Energy & Utilities and Governments around the world. Our competency lies in our ability to offer integrated service offerings in Applications, Infrastructure Services and Business Process Outsourcing. We are uniquely positioned to offer our clients the highest level of expertise. To learn more about MphasiS, please visit www.mphasis.com
Contact Information:
For further information please contact
Cynthia Coleman
Director Product Marketing
314-603-4268
cynthia.coleman@mphasis.com