Phone: (972) 717-5690
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MONY Selects UCT as Conversion Partner!
The Annuities Division of MONY Life Insurance Company (MONY) selects Universal Conversion Technologies as Data Conversion Partner
Agreement brings UCT's proven expertise, tools, and methodologies for quality, efficient, cost-effective data conversions
Dallas, TX - The Annuities Division of MONY Life Insurance Company (MONY) has selected Universal Conversion Technologies (UCT) as their partner for the data conversion of the division's annuity contracts from three legacy systems to their new contract administration system - AdminServer's AL & A System. Dan O'Hara, President and CEO of UCT, says, "This proposed solution provides MONY with an XML-based platform which reduces time-to-market for its annuity products. We expect to see continued interest and migration to XML as other companies realize the reduced cost of ownership and ease of implementation and continue to embrace this new direction."
Rick Connors, Senior Vice President and Head of MONY's Annuities Division, added, "We selected UCT due to their annuity industry experience and record of convertingsystems ahead of schedule and under budget."
About Universal Conversion Technologies:
UCT continues to lead the financial services industry in the innovation of technology,services and methodology for large-scale data conversion projects. UCT's data conversion solution was developed specifically for the financial services marketplace,and has been used on 100's of successful conversions during the company's ten-yearexistence. For more information, contact UCT at (972) 717-5690.
The MONY Group Inc. (NYSE: MNY), with $57 billion in assets under management and administration, is a financial services firm that manages a portfolio of member companies. These companies include MONY Life Insurance Company, The Advest Group, Inc., Enterprise Capital Management, Matrix Capital Markets Group, Inc., Lebenthal, a division of Advest, Inc., and U.S. Financial Life Insurance Company. These companies manufacture and distribute protection, asset accumulation and retail brokerage products and services to individuals, corporations and institutions through advisory and wholesale distribution channels. Additional company information is available at www.mony.com.
AdminServer, Inc. is a premier solutions provider for the insurance community. AdminServer has been delivering administrative system solutions, web services, and consulting since 1998. Today AdminServer specializes in fixed and variable annuities, AD&D, COLI and life insurance; and currently offers the only administration system designed specifically as a web application employing Microsoft's .NET strategy and technologies. To learn more about AdminServer products and services, please call 972-715-2028 or visit the website at www.AdminServer.com.