Infotech Lead India: Gartner has rated Infosys BPO’s VPAS Life platform Positive in the MarketScope for North American Life Insurance Policy Administration Vendors report.
Infosys BPO was rated with 14 other providers of life insurance policy administration systems.
“In our opinion, this report is yet another proof of the powerful combination of McCamish Systems and Infosys BPO, as well as our ongoing commitment to the market, significant continuing investments, as well as robust market success during the evaluation period,” said Gordon Beckham, president and CEO of McCamish Systems.
“Infosys has enabled us to both increase investment and accelerate development of a platform that was already quite formidable before the acquisition. We are leveraging our combined strengths to deliver higher value to our clients and offer best-in-class solutions to the market. We also believe our growth in the insurance and financial services space, coupled with testimonials such as this, reiterates our commitment towards being a strong player with a unique value proposition and a premier provider of end-to-end, enterprise-wide solutions in this space,” Beckham added.
Gartner’s MarketScope provides a comparative evaluation of life insurance and annuity systems based on four major criteria: market understanding, offering/product strategy, product and services, and overall viability.
VPAS Life is scalable policy administration platform offered in SaaS, BPO, BPO Hybrid, and License modes. Over 20 of the leading insurers in the US use VPAS Life as a solution, and with client implementations in progress in APAC and Canada, VPAS Life’s global reach continues to expand. Once these implementations are complete, over 40 million policies worldwide will be administered by VPAS Life.