MEDIA RELEASE
Bravura Solutions’ Sonata powers life insurance client award win
Sydney, 18 March 2013 (ASX: BVA) – Bravura Solutions Limited (Bravura), a leading global supplier of transfer agency and wealth management software applications and professional services, is
pleased to announce that New Zealand life insurance client, Partners Life, has won a Celent Model Insurer Asia 2013
award in the Policy Administration category as a result of its use of Sonata, Bravura’s modern policy administration
solution.
The Model Insurer Awards presented at Celent’s Summit in Singapore last week, recognised top technology initiatives
across the Asia Pacific region, and showcased model insurance solutions and their benefits.
Bravura’s life insurance solution, Sonata, was implemented at Partners Life in February 2011, and has since provided
Partners Life with significant advantages. Partners Life has benefitted from an integrated front and back office view of
its customers, the ease and flexibility to quickly launch new products, operational efficiency gained through the
automation and streamlining of common processes, and the ability to support and scale with Partners Life’s rapid
business growth.
Naomi Ballantyne, Managing Director, Partners Life said: “Bravura enabled Partners Life to enter into the New Zealand
life insurance market in under four months. We fast became the second largest writer of new business premiums within the
space of 12 months, capturing just over 13 per cent of the market. We attribute this to a highly configurable and
flexible system combined with Bravura’s outstanding approach to delivery.”
In its second year of operations, Partners Life captured 16 to 17 per cent of the new business market and expects this
trend of success to continue.
Jason Tong, Bravura’s Chief Operating Officer – Global Wealth Management said: “Celent’s Model Insurer Asia award is
designed to try to answer the question of ‘What would it look like for an insurer to do everything right with today's
technology?’
“Our task with Partners Life was to allow it to do just this. The results Partners Life achieved within its first two
years of operation, and this award win are testament to Bravura’s commitment to our clients and their businesses.”
Combining over 15 years of leading, trusted software and rich functionality with the advantages of modern and scalable
technology, Sonata is Bravura’s wealth management and life insurance application for investment and policy
administration. It provides a single solution with coverage for life insurance, trusts, pensions, superannuation and
wrap products. A comprehensive end-to-end solution, it includes web access, workflow and real-time straight through
processing.
Partners Life and Bravura’s technology is featured as a case study in Celent’s Model Insurer Asia 2013: Case Studies of
Effective Technology Use in Insurance.
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About Bravura Solutions Limited
Bravura Solutions Limited (Bravura) is a global supplier of professional services and highly specialised administration
and management applications for superannuation & pension, life insurance, investment, private wealth, transfer agency and STP financial messaging.
Bravura delivers to some of the world’s leading financial institutions located globally, and employs more than 700
people staffing 16 offices across Australia, New Zealand, Asia, United Kingdom, Europe and South Africa.
For more information about how Bravura Solutions can help your business increase operational and cost efficiency,
improve speed to market, minimise risk and provide better service to the end customer, visit www.bravurasolutions.com.
You can also follow us @BravuraFinTech.
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