Press Release

Insurance Technologies Releases ForeSightâ„¢ Brokerage

November 15, 2001
Colorado Springs, CO

COLORADO SPRINGS, CO (November 15, 2001) - Insurance Technologies, the premier provider of point-of-sale management software for the financial services industry, today announced the release of ForeSight™ Brokerage at the National Association of Independent Life Brokerage Agencies (NAILBA) Annual Meeting in Dallas, Texas. ForeSight Brokerage is an enhanced product version of IT’s ForeSight Enterprise, focusing on the broker-dealer marketplace.

ForeSight Brokerage is a multi-carrier, multi-product point-of-sale management solution that is designed to meet the needs of brokerage offices and insurance carriers that work together. ForeSight Brokerage gives the brokerage office a single solution that assists in everything from product selection through application processing; including a single interface for each insurance carrier that the brokerage firm represents. ForeSight Brokerage provides cross-product comparisons, advanced marketing applications, full NASD compliant illustrations and integrated, on-line fillable forms.

“ForeSight Brokerage will transform how brokers and dealers operate everyday,” said Cliff Chaney, Insurance Technologies’ Vice President of Business Development. “Using the most advanced technology, ForeSight Brokerage will speed new business processes and reduce technical support costs, providing brokers and carriers with a single solution to fit their point-of-sale needs.”

Centrelink Insurance and Financial Services and Insurance Technologies have formed an alliance to market ForeSight Brokerage. Centrelink will use ForeSight Brokerage to improve the level of service it provides to its agents, while reducing support costs. Through this alliance, carriers will be able to provide more sales tools through ForeSight’s full product suite, ultimately automating the new business process easily and efficiently.

ForeSight Brokerage includes feature-rich functionality such as pre-populated data sets, compliant output, complete forms processing and system integration. Using the brokerage product, carriers and brokers will see increased benefits, including a high return-on-investment (ROI), a single illustration system, reduced technical support and reduced new business support.

The ForeSight family of products is Insurance Technologies multi-channel desktop, Internet, and wireless “point-of-sale management” system. ForeSight combines needs analysis, asset allocation, sales concepts and wizards, product calculations, forms generation, application submission, inforce transactions and reprojections into a single package that produces sales presentations and completed applications. It supports multiple lines of business including life, annuities, long-term care, disability and mutual funds.

About Insurance Technologies (http://www.insurancetechnologies.com)

Based in Colorado Springs, Colorado, Insurance Technologies, the pioneer of enterprise wide point-of-sale management, offers software solutions to the financial services industry that include Life, Annuities, Mutual Funds, Long Term Care and Disability insurance. Insurance Technologies’ flagship software product suite, ForeSight, is an award winning family of applications that manage point-of-sale activities from a single platform that can be used across multiple distribution channels. Please visit us at www.insurancetechnologies.com.