Delaware Life Selects State Street Global Exchange for Insurance Software Solutions
March 03 2014 - 1:23PM
Business Wire
ePAM for Investments and ePAM for Mortgages Provides Clients
with Flexible and Scalable Investment Accounting Platforms
State Street Global Exchange today announced that Delaware Life
has expanded its use of State Street’s insurance software solutions
by selecting Princeton Financial System’s ePAM for Investments and
ePAM for Mortgages solutions for its investment accounting needs
and mortgage portfolio servicing.
“We believe this partnership with State Street Global Exchange
will help deliver more value to our annuity clients,” said Tony
Perry, Investments and Treasury Program Director, Delaware Life.
“State Street’s technology, ability to handle large implementations
quickly and strong global support made this an easy choice.”
ePAM for Investments offers a simplified installation with
multiple custom dashboards to effectively analyze and manage
exceptions throughout the trading and investment lifecycle. ePAM
for Mortgages is a specialized software application that automates
the accounting, managing and servicing of commercial mortgage
assets held by institutional investors and gives investors
accurate, up-to-the-minute information on their entire mortgage
portfolio.
“Insurers need a more dynamic approach to meet their
liabilities,” said Ivan Matviak, head of software solutions, State
Street Global Exchange. “In a recent survey1, we found that
insurers are rethinking risk, and need adaptable systems that can
support multiple geographies, asset classes and regulatory regimes.
The legacy infrastructure can often no longer keep pace, and
flexible tools that will grow with the business are cited as the
second highest investment priority. Our solutions help clients
effectively analyze and manage expectations through the trading and
investment lifecycle and offer accurate, timely portfolio
information and actionable insights.”
To view the full paper, please click here.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $27.4 trillion in assets
under custody and administration and $2.3 trillion in assets under
management* at December 31, 2013, State Street operates in more
than 100 geographic markets worldwide, including the U.S., Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s web site at www.statestreet.com.
* This AUM includes the assets of the SPDR Gold Trust (approx.
$31 billion as of December 31, 2013), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors, serves
as the marketing agent.
1 “Rethinking the Risk Business: Data and Analytics in the
Insurance Industry” – State Street © 2013
Expiration Date: 02/28/2015
CORP-0960
State Street CorporationAnne McNally, +1
617-664-8576aemcnally@statestreet.com@StateStreet
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