The Commonwealth Superannuation Corporation inked a deal with an ASX-listed wealth management technology provider for greater efficiency in administering insurance claims.
The CSC has signed a long-term contract with Bravura to implement its Sonata platform as a managed cloud service.
The partnership intends to enable greater efficiency in the administration of claims for death and disability benefits within the CSC's defined benefit schemes.
It will also enable greater servicing of Australian Defence Force personnel entitled to benefits under ADF Cover legislation.
Sonata's defined benefit capability was added just last month, with LGIAsuper signing on as the first client.
"The Sonata defined benefit solution, which supports different styles of defined benefit business in step with customer demand, leverages the proven, functionally-rich capabilities of Sonata," Bravura director of business development Jason Tong said at the time.
Sonata is capable of supporting investment, wrap, pensions and life insurance products across multiple channels. It also provides a customer-centric digital platform for streamlined administration and increased cost efficiencies.
The CSC provides superannuation and pension services to more than 700,000 current and former Australian government employees and ADF personnel across 11 separate schemes, including Military Super, Public Sector Super and ADF Super.