A New Variable Products Administration System Specializes in Addressing the Unique Requirements of Variable Annuities, COLI, Private Placement and Universal Life Products

ATLANTA--(BUSINESS WIRE)--April 3, 2000--The date collection of back-office administration and record-keeping tools, designed specifically for segments of the financial services community delivering variable annuities and life insurance products, has recently been transformed with the advent of sophisticated, built-in solutions complete with client-specified customization.

McCamish Systems' VPAS® Life (Variable Products Administration Systems) product family is structured to meet the needs of clients requiring more than just a turnkey administration toolset. VPAS® Life's deployment flexibility makes McCamish's product line unique. "The increasing need for tools that accommodate the rapid deployment and customized administration requirements of newly emerging VA and VUL products is the reason VPAS® Life is generating so much interest," said Sam Thomas, Senior Vice President of McCamish Systems.

The company's VPAS® Life product family provides technologically-advanced business solutions designed around Rules and Business Objects, enabling clients to support highly customized products that require rapid development and deployment. VPAS® Life is targeted to insurance companies and banking institutions seeking software solutions that meet the ever-escalating demands of variable products and the services required to support them.

VPAS® Life service offerings are available through Business Process Outsourcing (BPO), Remote Access, and Lease environments to effectively handle individualized client and economic requirements. These delivery options allow McCamish clients to migrate from one offering to another while effortlessly maintaining their customized product and delivery requirements. McCamish Systems' administration tools are fully customizable, scalable to any size insurance, brokerage, or banking environment, and easy to integrate with both existing and new applications.

Jim Spencer, President and COO, explains the current market focus of McCamish Systems, "Responsiveness, flexibility and time-to-market are currently our clients' highest priorities. VPAS® Life has been launched as the most unique and effectively deployable administrative solution that addresses these emerging market concerns. Our goal for VPAS® Life is to rapidly deploy client solutions that meet these requirements, while maintaining quality, service, and value as the foundation."

The McCamish executive team responsible for the development and launch of VPAS® Life combines over 125 years of cumulative insurance industry expertise with their highly sophisticated proprietary software and administration capabilities. VPAS® Life supports variable universal life and annuities on a relational, client/server platform that is both highly scalable and flexible enough to meet the changing requirements of today's product delivery environment. VPAS® Life enables rapid conversion, development, modification, and product deployment complete with on-line help, Internet and VRU capabilities.

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For more information about McCamish Systems, please contact our Sales & Marketing group at Solutions@McCamish.com or call 800.366.0819.