Press Release
February 7, 2008
Colorado Springs, CO
Penn Mutual Selects Insurance Technologies to Help Drive Variable Annuities’ Sales
COLORADO SPRINGS, CO (February 07, 2008) – Insurance Technologies LLC, the premier provider of illustration and point-of-sale software for the financial services and brokerage industries, announces that Penn Mutual has selected ForeSight™ to support their sales force and drive new variable annuity business. This robust system will provide web-based illustrations for annuities with living benefit riders.
“We’re impressed that ForeSight™ utilizes a single code base for web and desktop systems. This enables auto updating and auto synchronization—and with this unique feature, ForeSight’s™ technology can be customized to help meet our goals,” says Dave O’Malley, SVP – Product Management at Penn Mutual. “Specifically, Insurance Technologies will assist us in getting products to market quicker, lower distribution costs, and expand relationships with our producers, an important part of our Producer Value Commitment. Most importantly, ForeSight™ will help our producers present often complex financial solutions to their clients in an easy to use format.”
ForeSight’s™ integrated platform and state of the art web- and desktop-enabled illustration system will enable Penn Mutual’s producers, customer service representatives, and other associates to create and distribute compelling illustrations fast. ForeSight’s™ advanced technology will be harnessed to present complex products in a most compelling and compliant way at the pivotal point of sale.
“With ForeSight™, the output that Penn Mutual’s registered representatives provide clients will be meaningful and better understood by them,” says Paul Skordilis, EVP, Worldwide Sales and Marketing at Insurance Technologies. “Used in a needs-based selling approach, ForeSight™ will allow producers to close more sales. We are thrilled that ForeSight™ will play a vital role in contributing to Penn Mutual’s commitment to their producers.”
About Insurance Technologies
Based in Colorado Springs, Colorado, Insurance Technologies LLC offers
point-of-sale illustration software to the insurance and financial
services industries. Insurance Technologies award-winning product,
ForeSight™, supports all product types, including Life, Health,
Annuities, Mutual funds, Critical Illness, DI, and LTC – all on a single
mobile platform.
About The Penn Mutual Life Insurance Company
(www.pennmutual.com.)
The Penn Mutual Life Insurance Company is the nation’s second oldest mutual life insurer. Founded in 1847, the company provides life insurance and annuities through a national network of financial professionals who help clients meet their financial needs with confidence. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary.
For more information, and/or a copy of the complete release contact:
Tina M. Michaud
Director of Marketing Communications
1-719-442-6400
tmichaud@insurancetechnologies.com