Global insurance solutions specialist Sherwood International has released Amarta LIFE Fast-Start, a software solution for New Business processes, based on its Amarta business process product.
The new product has been designed specifically for insurance companies seeking to modernise and streamline their New Business operations.
The company says it combines efficient, flexible administration with robust web portal technology.
Amarta LIFE Fast-Start integrates powerful, easy-to-use technology and in-depth insurance know-how into a software solution that enables insurers to launch new products and channel relationships quickly, and to process New Business more effectively.
It is designed to deliver better time to market and time to issue, while lowering costs and increasing control in the back office.
Based on Sherwood International's comprehensive life insurance data and process models, Amarta LIFE Fast-Start is engineered for fast implementation.
Chief executive Mike Shinya said: "In the current economic climate there is a growing reluctance within the insurance sector to embark on multi-million-dollar projects which have implementation phases running into years and extended return on investment timescales. Businesses are increasingly looking for a reduced up-front cost, quicker implementation and a faster return on investment.
"At Sherwood we are working hard to produce solutions to meet these needs and we believe that Amarta LIFE Fast-Start is the best-fit technology product available today for businesses looking to take advantage of new business opportunities in a crowded market-place."
