HP Enhances Policy Administration Systems

HP has enhanced its life, health and annuity policy administration systems, enabling insurance providers to improve agility, mitigate risk and accelerate delivery of new products. HP says it has enhanced the RADIENCE Administration and INGENIUM systems to support the critical role agility plays in today’s Instant-On Enterprise.

Client benefits of RADIENCE Administration solution include rapid response to market and regulatory changes; a significant reduction in implementation costs; accelerated implementation based on a service-oriented architecture; and a highly flexible, user-friendly interface that maximizes end-user productivity to speed time to market, says HP.

HP says INGENIUM is a high-performance, web-enabled global life, health and annuity policy administration system that enables insurance companies to reduce the risk of systems implementation. Built on a highly flexible architecture, according to HP, INGENIUM enables clients to mitigate the inherent risks of administration system implementations; and provide 24-7 capabilities with web-based, always-on accessibility to distribution and customer service channels.