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Allianz Life: Powered by Insurance Technologies ForeSight™

Company Profile...

USAllianz Investor Services, LLC® (USAllianz®), is an affiliate of Allianz Life Insurance Company of North America. Allianz Life, founded in 1896, is a company of the Allianz Group, one of the largest integrated financial services organizations and the 12th largest corporation in the world based on gross revenues(Fortune, July 2003). The Allianz Group is represented by 700 subsidiaries operating in more than 70 countries. USAllianz distributes variable life and annuity products issued and underwritten by Allianz Life.

Situation Analysis...

New challenges are now emerging as the market embarks on a new phase of annuity distribution. From a mere 45 products 15 years ago, to over 450 products today, carriers face an increasing challenge to maintain the attention of their key distributors by differentiating themselves in the marketplace. Using innovative distribution models, compensation approaches and product features, carriers and distributors continue to find ways to keep shelf space and garner new assets.

As the economy continues to put added pressure on financial service institutions to reach the next level of customer service, organizations such as USAllianz require more efficient and effective technology tools to propel them to the forefront of the financial services market.

USAllianz required an illustration system that would provide its sales force the technical tools they needed to describe today's changing complex financial products to consumers. They needed a vendor that:

How Insurance Technologies ForeSight™ Solved the Problem...

The overall flexibility of Insurance Technologies ForeSight supports a wide range of products and services. Its architectural components can effectively model innovative income strategies for today's market. It allows rich modeling of complex product features within various market conditions and custom branding and content capabilities to distribute the firm's brand and product preferences.

USAllianz chose Insurance Technologies for its broad Insurance Technologies ForeSight product architecture and its history of on-time project deliveries and project structure. USAllianz implemented Insurance Technologies ForeSight on the web for its variable life and annuity products. Insurance Technologies is hosting the application for USAllianz which monitors and tracks all user activities within Insurance Technologies ForeSight. An asset allocation module from S&P is also integrated into Insurance Technologies ForeSight.

Results/Benefit/Proof...

Insurance Technologies ForeSight is currently illustrating ten annuity products and one in-force module for USAllianz which has over 5,000 registered representatives using the Insurance Technologies ForeSight system. Insurance Technologies' has ensured on-time deliveries for each project with USAllianz, including a successful initial implementation taking only 4 months to complete.