Press Release

Insurance Technologies' ForeSightâ„¢ Dominates the International Illustration Software Market

August 25, 2003
Colorado Springs, CO

COLORADO SPRINGS, CO (August 25, 2003) – Insurance Technologies (IT), the premier provider of illustration and sales software for insurance and investment product providers, today announces its illustration software implementations in Mexico and Korea, two more major markets of the international space.

“Implementation and deployment in several major countries confirms our leadership as the global provider in delivering illustration software tools to both domestic and international insurance carriers,” said David Fenimore, Senior Vice President of Sales, Marketing & Product Development, Insurance Technologies. “ForeSight™’s flexible technology framework, its data design, experience modeling and built-in support of multi-lingual and multi-currency capabilities powers its presence in the international market.”

The new customers, based in Korea and Mexico, desired a software package that provided rich selling functionality and product modeling on the web, by using the most current technology and an innovative flexible design to support all their complex products. Insurance Technologies’ ForeSight solution prevailed for its proven web capabilities and ForeSight’s ability to support multiple brands with re-usable code components.

Insurance Technologies signed immediate project plans to begin implementation in other countries, such as Chile, while future plans for deployment are underway for Argentina, Uruguay, Brazil, China, Taiwan, Hong Kong and India.

For more information regarding Insurance Technologies’ User Conference, please call 719-442-6400 or visit www.insurancetechnologies.com.

About Insurance Technologies

Based in Colorado Springs, Colorado, Insurance Technologies is the pioneer of enterprise wide insurance point-of-sale management and offers a feature rich software solution to the financial services and brokerage industry supporting life, annuity, mutual fund, long term care, disability insurance and accidental death and dismemberment products.

The ForeSight family of products is Insurance Technologies’ multi-channel desktop and web solution integrating steps in the sales process including sales channel branding and content administration, needs analysis, asset allocation, quotes, hypotheticals, illustrative cash flows, suitability analysis, jurisdictional compliance, application generation and electronic fulfillment.