Synechron has expanded its insurance services following the certification of more than 100 individuals, based in the US and India and over a six month period, in the Retirement Plan Fundamentals (RPF) educational programme.
The programme is provided by the American Society of Pension Professionals and Actuaries, which combines with its four sister organisations to form the American Retirement Association (ARA), the national organisation for retirement plan industry professionals.
As a digital transformation consulting firm, the RPF certification consolidates Synechron’s provision of end-to-end retirement plan platform services to the banking, financial services and insurance sectors.
In particular, Synechron offers digital initiatives for insurance services based on its insurtech accelerators, while the RPF certification will enhance the firm’s insurance industry domain knowledge and expertise.
The certification covers business analysts, developers, project managers, quality assurance analysts and technical architects across insurance services practices.
It is achieved through completion of six educational modules on the fundamentals of the retirement industry, including testing, new business, lifecycle, contributions, distributions and loans.
Mihir Shah, managing director, head of Europe, Middle East and Asia Pacific, Synechron, explains: “The advantage of this having been achieved by more than 100 individuals across our insurance teams is that it has enabled Synechron’s techno-functional experts to develop a very nuanced and strategic understanding of the changing insurance landscape.”
“This is critical as it allows us to supplement our existing deep domain expertise with even more forward thinking, competitive and resilient solutions for our clients. This specialised domain knowledge paves the way for our teams to innovate new retirement plan processes and provide critical solutions to insurance business challenges,” he continues.
Tiffany Hanks, director of education sales at ARA, adds: “We are equally delighted that Synechron has seen the value in our programme and chosen to include that as part of its focus on upskilling its technical talent teams.”
“The availability of this programme as part of a well-rounded educational curriculum is an essential element of our commitment to develop educational initiatives that meet the need for deeper and broader knowledge opportunities for retirement plan professionals in this complex field, no matter their career ambitions,” concludes Hanks.
