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Allianz Life Licenses NaviSys Product

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A large insurer will be using a new-business processing system from a Garden State technology company.

Allianz Life Insurance Company of North America, Minneapolis, has licensed use of the NaviSys Front Office system from NaviSys Inc., Edison, N.J.

Allianz Life will start by using the system to process new fixed annuity business, then use the system to process new variable annuity, life insurance and long term care insurance business during the first half of 2007, NaviSys says.

Allianz Life is a unit of Allianz A.G., Munich.