MphasiS Wyde has released Wynsure v5.0, a new version of its insurance system, designed to provide more functionality to support group policies, as well as updated portals and user interfaces. The system is used by life, health and P&C insurers.

Mphasis says the version supports payroll deduction for group contracts and individual policies sold at the worksite. It also supports guaranteed-issue products, personalized and standardized group benefit plans, and manages invoicing frequency including providing a consolidated invoice for three types of group products (individual, group and worksite).

Wynsure v5.0’s CRM dedicated desktop allows users to find client information, start transactions from the client summary and record customer contacts, adds Mphasis. Also featured are a contract summary screen and accounting screens. Its wPortal lets users download and display all documents generated in the back office for claims, invoices and policies. It supports portlets using the WSRP standard. New interfaces for ACORD and PRDG standards, XML format and portal services have been implemented as well.


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