Swiss Life Selects Tower Technology for Case Management System; Launches State-of-the-Art Solution for Personal Insurance Business

Business Wire, April 1, 1999

BOSTON--(BUSINESS WIRE)--April 1, 1999--Tower Technology announced today that Swiss Life, the number one insurance company in Switzerland, has chosen Tower Technology, to support its rapidly expanding personal finance business in the U.K. The case management system will process existing and new insurance policies for Swiss Life across the United Kingdom.

Swiss Life is an $11B entity focused on individual and group life insurance. With number one market share in Switzerland and operations in more than 50 countries, outstanding customer service is key in sustaining their high growth rates. The Tower case management solution will enable Swiss Life to efficiently process and manage the high-volume of policies generated each year by more than 10,000 independent financial advisors across the U.K.

Rob Sargeant, Personal IT Manager at Swiss Life, said the system would be one key component in supporting the projected growth of the Personal Finance Business.

Damian Hyland, Managing Director of Tower Technology, in the U.K. said, "We welcome this opportunity to work with Swiss Life's Personal Finance division, their business processes are an excellent match for our case management experience and system."

About Tower Technology

Tower Technology is a worldwide leader in delivering award-winning, high-volume, production imaging, case management and integrated document management solutions. Tower Technology has a proven track record of providing mission-critical solutions on time and on budget. Many of the world's largest imaging and document management systems, some of which have hundreds of millions of objects on-line, are powered by Tower Technology. Tower Technology supports customers around the world and has offices in the North America, Australia and Europe. For more information on Tower Technology and Tower IDM, contact Tower Technology at 617-236-5500, e-mail: inquiry@towertech.com or visit the web site at www.towertechnology.com.

About Swiss Life

Switzerland's oldest private life insurance company was established September 28, 1857, by Conrad Widmer in Zurich. Shortly before its 140th anniversary, the mutual insurance company converted into a limited company. It is one of Europe's leading life insurers offering innovative insurance products and services for all types of legally required and optional pension-linked insurance plans. It employs more than 7,900 staff worldwide.