Ohio National Financial Services implements Insurance Technologies’ FireLight® for electronic term life insurance business processing.
October 16, 2012
Colorado Springs, CO
COLORADO SPRINGS, CO, October 16, 2012 – Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced today the successful implementation of FireLight®, an e-application business fulfillment solution, for Ohio National Financial Services (Ohio National). The decision to integrate FireLight into their existing term life insurance new business processes allows Ohio National to provide their distribution channels a quick and easy way to submit new, complete, and “in good order” applications to the corporate headquarters.
After completing an evaluation of electronic application solutions, Ohio National chose FireLight for its ease of deployment, tablet support, speed to market, and line of business flexibility. In addition, FireLight provided the mobile accessibility that coincided with Ohio National’s mobile business strategies. FireLight provides Ohio National producers a comprehensive electronic application management solution to effectively transact business and expedite the issuance process.
“With FireLight, we found a standards-based, mobile-ready electronic application capability to renovate an existing 10-year-old homegrown web-based process. Insurance Technologies worked very closely, quickly and effectively with us to update and move our existing processes to the new platform,” said Paul Twilling, Ohio National Senior Vice President, Information Systems.
The administrative access within the FireLight platform allows Ohio National to utilize their internal resources to create, add or update any product at any given point giving them the flexibility to manage their own product offering. This also provides Ohio National the ability to expand the electronic application process for any line of business on a single platform across their diverse distribution channels for future growth.
“Insurance Technologies is excited to provide Ohio National a robust technology solution that not only seamlessly integrates with their existing back-end and front-end business processes, but also provides them the administrative tools to manage future lines of business within the same FireLight solution,” said Jim Ferrell, Vice President, FireLight Product Management, Insurance Technologies. “We are also proud to have a prestigious life insurance company like Ohio National as part of the FireLight family. The implementation of FireLight at Ohio National was truly a collaborative effort culminating with an ACORD eLabel-based implementation, which allows Ohio National’s producers to expand their sales opportunities and transact sales on mobile tablet devices.”
About Insurance Technologies (www.insurancetechnologies.com)
Based in Colorado, Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industries, supplying Carriers, Broker-Dealers, Bankers and Advisors the accurate sales tools allowing them more time to develop new sales opportunities. Our product suite manages the sales process across distribution channels thus providing Straight-Through Processing (STP) resulting in more “in good order” applications. ForeSight™ is a mobile point-of-sale platform that illustrates all business lines across diverse distribution channels. VisibleChoice® is a multi-carrier annuity sales and suitability solution that compares side-by-side product features and benefits thus reducing compliance risk and increasing suitability. FireLight® is a low cost, flexible and easy to deploy device-agnostic e-application business fulfillment platform that automates any existing sales process across all lines of business.
About Ohio National Financial Services (www.ohionational.com)
Tracing its corporate origins to 1909, Ohio National today markets a variety of insurance and financial products through more than 50,000 representatives in 47 states (all except Alaska, Hawaii and New York), the District of Columbia, Puerto Rico and through subsidiary operations in Santiago, Chile. As of Dec. 31, 2011, its affiliated companies have $30.6 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Named Cincinnati’s “#1 Top Workplace” (large category) by the Enquirer Media (June 2010 and 2012) and “25 Best Medium-Sized Companies to Work for in America” by the Great Place to Work Institute (June 2004), Ohio National has more than 925 associates. Visit www.ohionational.com for more information.
For more information, and/or a copy of the complete release, contact:
Ohio National Contacts:
Adrienne Gutbier, APR