|[April 16, 2014]
Mphasis Wyde and Wynsure Have Been Chosen by MFPrévoyance, the French Insurance Subsidiary of CNP Group, for the Company's Strategic Goal of Redesigning Its Contract Management System
PARIS --(Business Wire)--
an international digital services company, today announced the signature
of a long-term contract for several million euros with MFPrévoyance
(MFP), a subsidiary of CNP Assurances, France's leading personal
insurance company. In the context of this strategic agreement, Mphasis
will deploy its solution to meet the needs for managing MFP insurance
products marketed in France.
Mphasis Wyde, editor of Wynsure software, will accelerate the solution
deployment process to 18 months (data migration included) and will
support MFP in the management of the insurer's distribution networks.
The first Mphasis deployment phase will concern MFP group insurance
products and will later be expanded to cover loan insurance products.
Antoine Leroy, Chairman of the Board of MFPrévoyance, commented: "Since
the insurance market in France is constantly evolving, we needed to make
rapid changes to confront an environment which is increasingly
competitive. We were looking for a partner who is able to understand
market expectations. We chose Mphasis after a long and thorough process
of evaluating several market solutions. Our partnership with Mphasis is
an integral part of our aproach to improve service quality, as well as
enhance performance and productivity in the sectors of activity where we
are present. It will enable us to reinforce our development capability
in the French market."
Philippe Payet, General Manager of Mphasis Wyde Europe, added: "We are
pleased that MFPrévoyance chose the Wynsure solution for this very
strategic program. This decision reinforces the position of Wynsure as
the leader in group insurance and credit insurance in the French market.
It also demonstrates the added value that Mphasis, our parent company,
has incorporated in our product with the implementation of a 'Wynsure as
a Service' offer. Wynsure's modularity and exceptional flexibility will
help MFPrévoyance remain a major player in the fast-moving French
insurance environment. We are delighted to work with MFPrévoyance and
are eager to welcome them to our growing club of clients in the group
Mphasis Wyde innovated by proposing new services and technologies in
2013. Last year, the company implemented a cloud offer by distributing
"Billing as a Service," which is supported on the Wynsure platform, to
insurance companies in the United States.
MFPrévoyance is a subsidiary of CNP Assurances, the leading provider of
personal insurance in France, number one in insurance and health in
France, and number three in group retirement savings plans. Since
January 1, 2011, CNP holds 65% of MFP capital. The other shareholders
include MFP Services and seven civil service mutual funds (MCDEF, MFFOM,
MGEFI, MGEN, MMJ, MNAM and MPCDC). MFPrévoyance aims to become the
social protection market reference in France by basing its actions on
the values conveyed by its traditional partners and by CNP Assurances,
as well as on the financial solidity of its main shareholder.
MFPrévoyance covers all insurance needs for the members and
policyholders of its partners (mutual funds and brokers).
About Mphasis Wyde and Wynsure
Mphasis Wyde is an international software editor and the creator of
Wynsure, a world-class solution for insurance management. In 2011, the
strategic acquisition of Wyde by Mphasis reinforced group expertise in
the business solutions and technologies area for the worldwide insurance
sector. Wynsure is a proven application which enables managing group and
individual policies for international players in insurance. Wynsure has
outstanding flexibility and is extremely reliable, and its modular
design enables either integral implementation or implementation by
functional module. Wynsure regularly receives positive recognition from
insurance analysts, as well as confirmation from its global client base
that Wynsure is the best solution for optimizing insurer activities.
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