Highly effective resolution to ship full funding administration and coverage administration service
WINDSOR, Conn., Oct. 11, 2022 /PRNewswire/ — SS&C Applied sciences Holdings, Inc. (Nasdaq: SSNC) immediately introduced that Sanlam Life Insurance coverage Restricted, a member of the Sanlam Restricted Insurance coverage Group, the most important non-banking monetary providers group in Africa, and one of many largest life assurers in South Africa, has chosen SS&C for its best-of-breed expertise and confirmed enterprise course of outsourcing capabilities as a single resolution to supply end-to-end capabilities to manage a broad vary of multi-asset, multi-region product sorts for his or her particular person retail traders.
Glacier Monetary Options Pty Ltd, an funding platform and a wholly-owned subsidiary of Sanlam Restricted (JSE: SLM) with greater than R400 billion in property below administration, would be the first enterprise inside the Sanlam Group to accomplice with SS&C. Glacier totally helps the number of SS&C for its built-in funding administration and coverage administration capabilities with the intention to remodel the agency’s operations to run the total breadth and scope of their shopper accounts on a single platform.
“SS&C is famend for its international experience and stood out as your best option to accomplice with us to help our native funding, worldwide funding and life funding options requiring funding and coverage administration. SS&C has the varied parts, breadth of options, scale and configurability required to ship world-class administration options required to fulfill the varied wants of our intermediaries and purchasers. We’re very excited concerning the partnership and consider it is going to remodel and considerably improve our enterprise providing, in the end main to higher outcomes for our purchasers. We additionally take {our relationships} with AlexForbes and Absa Funding Administration Companies (“AIMS”) very severely. They’ve chosen us as their companions within the platform {industry} as a result of we’re among the finest, and this funding by Sanlam will make sure that we stay one of many premium funding platform suppliers in South Africa“, says Khanyi Nzukuma, CEO, Glacier by Sanlam.
The expanded, complete system capabilities will help the Sanlam Group’s effectivity, product improvement and company progress targets, whereas enabling their purchasers to learn from consolidated views and streamlined administration throughout markets and merchandise, together with insurance coverage insurance policies, retirement funds and annuities, funds and unit trusts, and extra.
“We’re happy to collaborate with the Sanlam Group on its digital transformation journey via our modern expertise and sturdy managed providers,” mentioned Invoice Stone, Chairman and Chief Government Officer, SS&C Applied sciences. “Executives at each corporations labored exhausting to develop a complete resolution to unravel Glacier’s challenges and conduct the mandatory due diligence that in the end sealed the choice to work collectively to ship an excellent expertise for all Glacier’s platform customers and purchasers.”
In regards to the Sanlam Group
Sanlam Restricted is the controlling firm of the most important non-banking monetary providers group in Africa, with enterprise pursuits in India, Malaysia and a distinct segment presence in sure developed markets. Sanlam Restricted is listed on the Johannesburg, Namibian and A2X inventory exchanges. Via its clusters: Life and Financial savings encompassing Retail Mass, Retail Prosperous and Company enterprise models; Sanlam Rising Markets; Sanlam Funding Group; and Santam, the Sanlam Group offers complete and bespoke monetary options to institutional purchasers and customers throughout all market segments. Sanlam’s areas of experience embody life and common insurance coverage, monetary planning, retirement, investments, and wealth administration.
Established in 1918 as a life insurance coverage firm, Sanlam has developed into the most important non-banking monetary providers group in Africa via its diversification technique.
Headquartered in South Africa, Sanlam has a direct stake in monetary providers entities in Namibia, Botswana, Swaziland, Zimbabwe, Mozambique, Mauritius, Malawi, Zambia, Tanzania, Rwanda, Uganda, Kenya, and Nigeria. The Group has a footprint of insurance coverage operations in Morocco, Angola, Algeria, Tunisia, Ghana, Niger, Mali, Senegal, Guinea, Burkina Faso, Cote D’Ivoire, Togo, Benin, Cameroon, Gabon, Republic of the Congo, Madagascar, Burundi, and Lesotho.
Sanlam additionally has enterprise pursuits in India, Malaysia and the United Kingdom and a distinct segment presence in chosen developed markets.
For extra info on Sanlam, go to www.sanlam.com
About Glacier by Sanlam
Glacier by Sanlam is a wholly-owned subsidiary of Sanlam, a number one funding platform in South Africa, offering a gateway to industry-wide asset supervisor options, and is a big contributor to the Sanlam Group’s success, administering over R400 billion in property. Glacier presents entry to a large and holistic funding resolution set, comprising each native and worldwide investments, and for over 25 years Glacier has been keen about rising and defending purchasers’ wealth.
For extra info on Glacier, go to www.glacier.co.za
About SS&C Applied sciences
SS&C is a world supplier of providers and software program for the monetary providers and healthcare industries. Based in 1986, SS&C is headquartered in Windsor, Connecticut, and has places of work all over the world. Some 20,000 monetary providers and healthcare organizations, from the world’s largest corporations to small and mid-market corporations, depend on SS&C for experience, scale and expertise.
SOURCE: SS&C
Further details about SS&C (Nasdaq: SSNC) is obtainable at www.ssctech.com.
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