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FIS Software to sponsor ‘The Future of Life Assurance’ IEA conference

26th April 2006

FIS Software, a leading global provider of complete package-based software solutions for life and pensions organisations, announces it will be exhibiting at and sponsoring ‘The Future of Life Assurance’, the 9th Annual Conference of the Institute of Economic Affairs’. The conference will take place on 11th-12th May at Queen Elizabeth Conference Centre, London.

The IEA event aims to provide a truly unique opportunity to hear high-level strategic debate about the complex issues shaping the future of life assurance in the UK at a time when providers are seeking to inspire greater consumer confidence through innovative product offerings and new distribution models.

Several prestigious FIS customers will be speaking at the event, including Aegon, Resolution Life and Nick Kirwan, the director of Scottish Widows protection business. FIS has been working closely with Scottish Widows over the past 12 months to implement ALIS as the new protection solution for Scottish Widows to develop modern and contemporary products that can be distributed through a multi-channel environment.

Damon Watkins, Global Sales Director at FIS Software, says: “We are very pleased to be exhibiting at and sponsoring the IEA life assurance conference. FIS has a wealth of knowledge in the life industry and is working with some of the largest names in the business to facilitate significant reductions in the time-to-market for new products – to weeks rather than months. This speed of deployment is becoming increasingly important for our clients as they look to support growth initiatives and drive profitability in the highly competitive protection market.”

FIS Software develops and markets ALIS Policy Administration software, a flexible parameter-driven package that manages the entire policy life-cycle of all life insurance, pensions and investment products, globally. ALIS platform-independent software, combined with FIS insurance expertise, enables:

· Fast release of new products to market
· Superior customer-service
· Lower operating costs
· Agile response to legislation and regulation
· Wide range of distribution channels including bancassurance
· Enhanced business integration using industry standards