Bravura Solutions wins Celent XCelent Service Award for second year

Sydney, 17 December 2013 – Bravura Solutions Limited (Bravura) is pleased to announce that it has won an XCelent award for Depth of Service. This is based on the delivery of its life insurance solution, Sonata, as selected by Celent in its Asia Pacific Policy Administration Systems Life and Pension ABCD Vendor View report, and is the second consecutive year that Bravura has won in this category.

Celent’s report profiles 22 policy administration systems and positions ten policy administration solutions in more detail, evaluating and judging them relative to industry peers. Within this framework, the top performers according to Celent’s assessing dimensions and criteria, receive a corresponding XCelent Award. Bravura was a top performer in the depth of client service category.

Jason Tong, Bravura’s Chief Operating Officer, Asia Pacific said: “We are honoured to have once again received this acknowledgement from Celent. To be recognised in an impartial evaluation such as this is testament to Bravura’s standing as a financial technology industry leader and our deep focus on client service provision.

“A recent service survey of our Asia Pacific clients revealed that 91 per cent agree that we help make their business successful; these results combined with this award win evidence our commitment to excellence”.

Expanded policy administration systems functionality and improved technology mean that insurers continue to have a wide spectrum of systems and vendors to consider when they are looking for a solution to fit their needs. Celent’s report is designed to help insurers refine their core systems strategies and create a list of appropriate vendors for evaluation.

Bravura’s Sonata solution is a client-centric, rules-based application with workflow management that supports the rapid launch and flexible administration of many different product types. Sonata supports the administration of a broad range of life insurance products, including term life, traditional life, unit linked life, universal life and group life products. It incorporates all aspects of the policy lifecycle from quotation and new business capture, underwriting and issue, to policy servicing through to expiry, maturity and claims processing.

Bravura’s Chief Operating Officer – APAC, Jason Tong was quoted in this press release. To ask Jason a question regarding the release or to discuss it in more detail, email PR@bravurasolutions.com

@BravuraFinTech
on Twitter

Posted 3 days ago

Learn how super funds can achieve greater control and support their innovation efforts through selective insourcing https://t.co/gxcshA4uTi

Posted 4 days ago

@AmiraNorris Thanks for the feedback Amira and we're really pleased the report is useful to you! #workplacemegatrends

Posted 11 days ago

Delighted to announce @scotfriendly has gone live with Bravura's Sonata for its life & pensions business https://t.co/Q1eHGsDj91

Posted 13 days ago

ICYMI: Trend #9 - Employee benefits will change, to focus on employee wellbeing #workplacemegatrends https://t.co/qCmJnmxhLr

Posted 13 days ago

ICYMI: Trend #8 - Businesses need to become more collaborative & flexible says our new report #workplacemegatrends https://t.co/qCmJnmfGTT