UK – Pension insurance company AXA Sun Life is renewing its computer software system through a £35m (e57) deal with business solution provider Marlborough Stirling. AXA will start using a back office system based on the provider’s life and pensions solution called LAMDA.
“ We are very pleased to have won this important project, the proposals for which we have been working on for some time. It is an excellent example of how we help financial service providers prepare for an increasingly competitive world,” says Graham Coxell, chief executive of Marlborough Stirling.
The contract includes the implementation and conversion of the insurer’s computer software system in intervals over a period of four years. The first phase is expected to go into use in the first few months of next year.
By the end of the transition period, AXA Sun Life expects to administer pension and life policies for around 2.5m customers.