USAble Life Overhauls Group Benefit Administration

USAble Life, a subsidiary of Life and Specialty Ventures, LLC, has selected iWorks from Microsoft Gold Certified Partner SunGard to help it build, deploy, administer and sell group insurance and worksite products. USAble Life will also use iWorks to provide a Web-enabled business environment to its clients and partners.

USAble Life, which serves member Blue Cross and Blue Shield plans and other selected Blue plans, expects the new system will increase efficiency and help the company offer more flexibility to clients. SunGard’s iWorks will help USAble Life process its business more efficiently through automated enrollment and self-service portals, as well as through the solution’s automatic payroll deduction and direct member billing. iWorks provides the ability for insurers to create tailored insurance products with Web-connected administration and a service-level experience through the life of a policy. Using SunGard’s iWorks’ voluntary/worksite environment, USAble Life will be able to offer its clients greater flexibility in terms of the benefits and services it provides.

“SunGard’s iWorks will help us deliver integrated solutions to our clients in conjunction with our Blue Plan partners. We will use SunGard’s iWorks to show our clients the value we bring to our services and claim management techniques through sound data and reporting,” said Stu Rubinstein, executive vice president of life and disability for USAble Life.

USAble Life will use SunGard’s iWorks solutions for group and voluntary insurance product administration, and for financial accounting and reporting. SunGard’s iWorks Compass will help support client service, billing, collections, claim administration and help the company manage and grow its traditional and voluntary worksite group life, disability, dental, cancer and critical illness insurance offerings.

SunGard’s iWorks Compass, combined with SunGard’s iWorks Enterprise Accounting and Enterprise Filing Systems, will provide USAble Life with a centralized financial repository. SunGard’s iWorks will support USAble Life’s financial accounting and statutory reporting needs as well as its statutory filing requirements with state insurance departments and the NAIC, while providing a central data resource from which to perform analysis and risk assessment of its business. By providing a central repository of data, SunGard’s iWorks will help USAble to achieve greater accuracy, more timely tracking of financial information and greater visibility across its business lines. In addition, SunGard Enterprise Accounting has begun a migration to the .NET platform.

Greg Webber, president of SunGard’s insurance business, noted that iWorks would give USAble Life “the ability to quickly add and tailor new products and services and enhance the user experience.”