Mphasis Wyde, a leading international provider of policy administration solutions (PAS), today announced the launch of Wynsure as a Service, the company’s first PAS on the cloud for the North American market.

Wynsure as a Service, the insurance industry compliant solution, is a hosted multiline policy administration product that focuses on Group Benefits (L&H), Individual Life and Credit Protection Insurance segments. The secure and scalable cloud-based solution offers a complete turnkey solution that includes application hosting and management, consulting and configuration services in addition to 24×7 help desk support.

The cloud infrastructure service, is a configurable policy administration system that meets end-to-end functional requirements in the chosen industry segments across new business and underwriting, enrollment, quote generation, claims, billing and accounting, commissions and customer service functions.

"Our global team of experienced professionals possess deep knowledge of both the insurance industry and Wynsure product, thus helping clients solve unique business challenges, achieve rapid implementation and faster results," said Rajesh Makhija, Chief Executive Officer, Mphasis Wyde.

"Our customers can focus on growing market share while Mphasis Wyde runs day-to-day management of core Insurance Technology eco-systems in an Operating Expenditure model, allowing improved cash flow to the business that enables new insurance product launches and other capital expense needs," he added.

"We are excited about the launch of our flagship Wynsure product available in a hosted deployment model on a global basis. The launch of as a service model starting with Canada for North American market, is geared towards addressing the needs of Canadian Insurance industry market and regulatory requirements," said Gregory Delhomelle, Managing Director, Canadian Operations, Mphasis Wyde.

Wynsure as a Service, an ASIP health approved product, allows customers to launch a new product, to cover a new market or to outsource a particular specific part of managed products; leveraging the modernity, flexibility and operational efficiency supported by the latest versions of Wynsure.

Wynsure, an Mphasis Wyde flagship product, is an industry leading Insurance Policy Administration Solution used by many of the leading insurance carriers in North America and Europe. It is a premier platform from Mphasis Wyde with multilingual support, which offers personalized technology solutions for the entire insurance industry, making the customer more agile, flexible and profitable.

Headquartered in Minneapolis, Minnesota, with a modern research and development center in Paris, France, and an office in Toronto, Canada; Mphasis-Wyde has 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 and annuities, disability, health, and property and casualty insurance. Wynsure 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.