Infosys - Athene Annuity First to Market with Enhanced Repetitive Payout Service from Infosys McCamish Systems, an Infosys BPO Company
Atlanta, GA, September 13, 2013 --(PR.com
)-- Infosys McCamish Systems LLC, an Infosys BPO company, today announced that Athene Annuity’s MaxRetire PIA (Single Premium Immediate Annuity) product is the first to utilize the new Repetitive Payment Management (RPM) functionality that augments its VPAS® platform. The VPAS® platform provides end-to-end servicing and administration for all types of Life Insurance and Annuity contracts. The VPAS®RPM web- enabled payout component enhances the VPAS® platform by improving its service offering for payout annuities and settlements for life insurance claims. This enhancement allows for ease of automation for both the carrier and policy owner to view accumulations and payouts on one platform. The MaxRetire SPIA product went live to Athene’s distribution on May 30, 2013. McCamish Systems has been providing end-to- end platform based BPO services to Athene’s fixed and fixed indexed annuities since 2006.
About Athene Annuity
A subsidiary of Bermuda- based Athene Holding Ltd., Athene Annuity & Life Assurance Company provides income solutions that help Americans prepare for retirement. For over a century, Athene Annuity has earned the trust of its policyholders through financial stability, integrity and service. Its main administrative office is in Greenville, S.C. For more information, please visit www.AtheneAnnuity.com.
About Athene Holding Ltd.
Athene and its subsidiaries are focused on the retirement savings market.
Athene’s principal subsidiaries include Athene Annuity & Life Assurance Company and Athene Life Insurance Company, which are Delaware- domiciled insurance companies, Presidential Life Insurance Company, a New York- domiciled insurance company, and Athene Life Re Ltd., a Bermuda - based reinsurer. Athene was formed in 2008 by James R. Belardi, formerly President of SunAmerica Life Insurance Company and Chief Investment Officer of AIG Retirement Services, Inc. and Chip Gillis, former head of Bear Stearns’ Insurance Solutions Group.
Further information about our companies can be found at www.athene.com
Certain statements in this release concerning our future growth prospects are forward- looking statement which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward- looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed- time frame contracts, client concent ration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political inst ability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20 -F for the fiscal year ended March 31, 2013 and on Form 6-K for the quarter ended June 30, 2013. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward -looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. For more information, contact:
Infosys McCamish Systems
Phone: +1 4048051156
Phone: +91 9972585052
Phone: +91 9379917540