Pegasystems licenses IBM Insurance Models.

(From InsuranceNewslink.com)

Pegasystems today announced the licensing of IBM Industry Model for Insurance-Insurance Application Architecture (IAA) and IBM Industry Model for Banking-Information FrameWork (IFW) models for use in Pegasystems insurance and financial services Solution Frameworks.

By aligning Pegasystems' SmartBPM Suite with IBM's extensive banking and insurance business content, Pegasystems can deliver more robust Solution Frameworks as well as enable existing IFW and IAA subscribers with best-in-class capabilities to build out and deploy their model-based solutions, according to the company. …