ProductXpress and INGENIUM enhance policy and product administration
EDS SOLCORP (EDS) announced that Woodmen of the World Life Insurance Company, a non-profit fraternal benefit organization, has chosen ProductXpress to help it streamline and automate its product implementation process, accelerating the delivery of new products to its customer members.
Woodmen of the World is an existing EDS SOLCORP client, having used EDS’s INGENIUM policy administration system since 1998. ProductXpress, a calculation and product design solution, will be phased-in over the next year.
“ProductXpress was the best choice for us, both in terms of its compatibility with our existing system, and the flexible, robust toolset it delivers to our team,” said Frank Logan, Assistant Vice President, Information Technology, Woodmen of the World. The deal announced today includes licensing, software support and professional services and training.
“We’re pleased to be chosen to continue to play a role in of the WorldWoodmen’s success,” said Mike Mansfield, leader of the EDS SOLCORP Business Unit. “As the insurance industry evolves, our team is committed to developing and delivering innovative, relevant solutions to help our clients increase their competitive advantage.”
About Woodmen of the World
Woodmen of the World was founded in 1890 as a fraternal benefit organization. Today, Woodmen of the World offers insurance, annuities, mutual funds*, and 529 college savings plans*. Nearly 800,000 Woodmen of the World members across the country share a commitment to family, community and country.
Life and health insurance and annuity products are issued by Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society, a Nebraska corporation that is licensed as Woodmen of the World Life Insurance Society (Woodmen of the World) in all states and the District of Columbia, except CA, CO, ID, MT, NV, OR, UT, WA and WY. In those states, Woodmen of the World is licensed as Omaha Woodmen Life Insurance Society (Woodmen). Not all products are available in all states. Not all representatives are licensed to sell all products.
Securities are offered and processed through Woodmen Financial Services, Inc., 1700 Farnam Street, Omaha, NE 68102, 877-664-3332, member NASD/SIPC, a wholly owned subsidiary of Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society. Mutual funds and 529 college savings plans are issued by companies that are not affiliated with Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society.
Learn more at www.woodmen.com
About EDS SOLCORP
EDS SOLCORP, a global business unit within EDS, is a leader in software solutions and services for the life insurance and wealth management industries. For 25 years, EDS SOLCORP solutions have helped customers reduce their total cost of administration, accelerate time-to-market for new products, and streamline their infrastructure.
Visit us at http://www.solcorp.com
About EDS
EDS (NYSE:EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world.
Learn more at http://www.eds.com