Infosys McCamish Partners With Pan-American Life Insurance Group

NEW ORLEANS, Louisiana, June 27 -- Infosys, a consulting and information technology services company, issued the following news release:

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- Deploys Digital Policy Administration Platform and BPO Operations

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Infosys McCamish, a US based subsidiary of Infosys BPM and a leading developer of solutions and services in the insurance and financial services industry today announced its partnership with Pan-American Life Insurance Group (PALIG), a leading provider of life, accident and health insurance. As part of the partnership, Infosys McCamish will provide policy administration services for PALIG's new Global Assets Indexed Universal Life (IUL) product.

The new product gives insureds the flexibility of choosing a fixed return account or one whose returns are determined by the performance of a major trading index, such as the S&P 500 (SPX), EURO STOXX 50 (SX5E) and Hang Seng Index (HSI). This is the first time that PALIG is offering an IUL product as part of its diverse life insurance portfolio. The product will be available to high net worth international clients.

The VPAS(R) Platform of Infosys McCamish supports 35 production customers in North America and provides support for Life and Annuity products, including individual and group, variable, fixed, indexed and repetitive payment products, as well as health and welfare products.

Richard Magner, CEO and Managing Director of Infosys McCamish Systems, said, "Infosys McCamish is delighted to partner with Pan-American Life Insurance Group in launching an Indexed Universal Life product to serve Pan-American's international market. We have established an international service center to support one of the leading insurance companies throughout the Americas. The solution leverages VPAS(R), our state-of-the-art digital and integrated multi-language life and annuity platform, for quick product rollouts and superior service to the international market".

Bruce Parker, President of Pan-American Life Insurance Group Global Life Division, said, "We are thrilled to have Infosys McCamish as our partner in the administration of the new Global Assets Indexed Universal Life product. They are highly recognized in the insurance industry for the quality of their technology solutions and their expertise is invaluable for us to be able to launch and support the new IUL product."