Press Release
Insurance Technologies and VERTEX, Incorporated Announce Strategic Alliance
December 16, 2008
Colorado Springs, CO
Colorado Springs, December 16, 2008 — Insurance Technologies, LLC the leading provider of point-of-sale illustration software to the insurance and financial services industries, announced today a strategic alliance with VERTEX, Incorporated, a premier provider of professional services and innovative software to the insurance and financial services industries. This alliance supports continued go-to-market milestones for the recently launched VisibleChoice® multi-carrier annuity sales platform.
Insurance Technologies will leverage VERTEX’s VTXml Annuity Profile platform expertise for publishing and maintaining the standards-based annuity product information. VisibleChoice relies on product data to enable features from multiple annuity products to be compared and then illustrated for streamlined selling. Improved analysis and compliance processing coupled with on-demand product illustrations, results in accelerated suitable contract issuance for the selling organization.
VERTEX brings to the partnership expertise in modeling, publishing and maintaining standards-based annuity product information. Their VTXml Annuity Profile platform provides insurance carriers with a highly reliable, scalable annuity product repository, plus a versioning and publishing tool which transmits up-to-date annuity product data to Insurance Technologies in an efficient and automated fashion. Expert modeling and automated publication are important components for the rapid and cost effective deployment of the VisibleChoice multi-product comparison and selection solution for the Broker-Dealer community. Both companies utilize NAVA’s Product Profile for Annuities Transaction – an XML transaction based on ACORD’s data standards – and NAVA’s messaging standards.
Suzanne Brazeal, Assistant Vice President, VERTEX Incorporated also noted, “Insurance Technologies offers a very dynamic and powerful toolset for advisors that will allow them to gain clearer insight into their clients needs. The resulting ‘in-good-order’ annuity order sales ultimately benefits our insurance clients and that is the motivator for our alliance with Insurance Technologies.”
“Insurance Technologies is proud to announce this important relationship for a continued focus on standards and cost-effective options for Broker-Dealers in growing their businesses,” said Steve Horneman, VP of Marketing at Insurance Technologies. “Our two firms share both vision and experience in providing solutions to the insurance carrier and broker-dealer markets.”
About VERTEX Incorporated (www.vertexincorporated.com) Located in New Britain, CT, VERTEX has been providing business and technical solutions to the financial services industry since 1991. VERTEX focuses on the life insurance and annuity segments and has gained a global reputation for expertise in these specialties. VERTEX, Inc. is a woman-owned small business and is recognized by their growing list of prestigious clients as a respected industry leader.
About Insurance Technologies (www.insurancetechnologies.com) 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, Annuities, Critical Illness, DI, and LTC – all on a single mobile platform. Our latest innovation VisibleChoice® is a multi-carrier annuity sales platform designed to leverage multiple annuity products and features. Together, they improve point-of-sale effectiveness and help close more sales quickly.
For more information, and/or a copy of the complete release contact:
Steve Horneman
VP of Marketing
Insurance Technologies
1-719-442-6400