MassMutual implements Eagle Solutions
May 19, 2017

Eagle Investment Systems LLC, a BNY Mellon company, announced today that Massachusetts Mutual Life Insurance Company (MassMutual) has implemented Eagle's insurance accounting and data management solutions to meet its future investment information needs.

MassMutual, based in Springfield, Mass, is a mutual life insurance company that is run for the benefit of its members and participating policyowners. It initially engaged Eagle to implement a data management platform, which now serves as a single source of investment data that feeds into a centralized reporting ecosystem and supports the processing needs of the general account.

MassMutual also selected Eagle's insurance accounting solution to replace its legacy system. Eagle's insurance accounting system offers new capabilities and improved efficiencies, with MassMutual's GAAP, Tax, and Statutory books running on one integrated solution.

Throughout the project, Eagle says it leveraged the expertise of BNY Mellon's insurance product specialists, who also use Eagle for their outsourcing insurance platform. By collaborating with MassMutual and BNY Mellon, Eagle developed added capabilities that incorporate tax accounting enhancements and new functionality around cash processing, amortization and income reporting needs.





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Eagle Investment Systems LLC, a BNY Mellon company, announced today that Massachusetts Mutual Life Insurance Company (MassMutual) has implemented Eagle's insurance accounting and data management solutions to meet its future investment information needs.

MassMutual, based in Springfield, Mass, is a mutual life insurance company that is run for the benefit of its members and participating policyowners. It initially engaged Eagle to implement a data management platform, which now serves as a single source of investment data that feeds into a centralized reporting ecosystem and supports the processing needs of the general account.

MassMutual also selected Eagle's insurance accounting solution to replace its legacy system. Eagle's insurance accounting system offers new capabilities and improved efficiencies, with MassMutual's GAAP, Tax, and Statutory books running on one integrated solution.

Throughout the project, Eagle says it leveraged the expertise of BNY Mellon's insurance product specialists, who also use Eagle for their outsourcing insurance platform. By collaborating with MassMutual and BNY Mellon, Eagle developed added capabilities that incorporate tax accounting enhancements and new functionality around cash processing, amortization and income reporting needs.



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