NEW YORK, Jan. 9, 2007 (PRIME NEWSWIRE) -- The disability income insurance area of Massachusetts Mutual Life Insurance Company (MassMutual) has successfully upgraded to version 3.1 of FJA's Product Machine.
MassMutual licensed the Product Machine in 2001 to support product modeling of their disability products. In addition to improving MassMutual's modeling capabilities, this implementation has shortened the time and cost of bringing products to market.
"Our new version of PDFS allows us to develop centralized calculations and rules as well as intuitive product components, reducing the time and complexity to implement new products," said Dave Trono and Rick Martinez, systems consultants for MassMutual.
FJA is a leading software and consulting firm for the financial services sector, with a special focus on product development and insurance.
For more information this release, please visit the FJA-US website at www.fja-us.com or contact Marc Dutton via phone at 212-840-2618 or via email at marc.dutton@fja-us.com.
NOTE: Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.
About MassMutual Financial Group
MassMutual Financial Group is the fleet name for Massachusetts Mutual Life Insurance Company ("MassMutual") and its affiliates, with more than 13 million clients and over $395 billion in assets under management at year-end 2005. Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income management company headquartered in Springfield, Mass., MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; MML Investors Services, Inc., MassMutual International LLC and The MassMutual Trust Company, FSB.
About FJA-US
FJA-US, Inc., a subsidiary of the FJH Group, combines expertise in actuarial science, business and technology to deliver packaged and custom software solutions for the insurance industry. Our core offering is the Product Machine, which helps companies shorten the time and reduce the cost of product development. In addition, the company offers Sales and Service, illustration/proposal, rating, and portal solutions. FJA also offers an extensive portfolio of services ranging from the design, implementation and testing of software through to data migration and consulting. FJA has expertise in all major product lines and has implementation in 20 countries around the world.