April 23, 2008
Colorado Springs, CO
COLORADO SPRINGS, CO (April 23, 2008) –Insurance Technologies LLC, a premier provider of point-of-sale insurance marketing software for the financial services and brokerage industries, is proud to announce that two of its clients, MassMutual and Lincoln Financial, are recognized for their "improved" and "agile" illustrations approaches in the March 2008 Celent Model Carrier Report.
Celent, a leading research and consulting firm, focuses on the application of information technology in the global financial services industry. The company's Model Carrier report highlights effective use of technology by insurers. Mass Mutual and Lincoln Financial were recognized for improving service levels and speed to market using Insurance Technologies ForeSight™ product.
"Putting the right illustration technology in play is critical," says Craig Weber, Senior Vice President of Celent. "Customers need to have a clear understanding of what they are buying, and producers need to be able to close deals quickly and easily."
This is where Insurance Technologies helps companies excel. Lincoln Financial, with Insurance Technologies' help, increased their deployment rate and successfully deployed nine releases in 2006 with new or enhanced products, riders, and features. Lincoln Financial also reduced their time to market by up to 25% because new versions were released over the web for immediate use. Using Insurance Technologies' .NET web-based solution, MassMutual converted three products within three months and improved their time to market for new products by an impressive 30%.
"The success of our clients, MassMutal and Lincoln Financial, represents a significant achievement for Insurance Technologies," says Paul Skordilis, EVP Worldwide Sales and Marketing for Insurance Technologies. "Specifically, with our point-of-sale software, companies gain user-friendly, web-based technology, faster product implementation times, and seamless integration with electronic applications."
About Insurance Technologies (http://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, Health, Annuities, Mutual funds, Critical Illness, DI, and LTC – all on a single mobile platform.
About Celent (www.celent.com.)
The Celent Model Carrier 2007: Case Studies in Effective Use of Technology in Insurance report which was presented at Celent's inaugural Model Carrier Summit in New York on January 16, 2007, contained case studies of 40 technology initiatives and practices across most functional areas of insurance. "Model Carrier Components" are presented as components of a composite insurer's insurance IT systems and practices that help insurers improve performance, meet market demand, and operate efficiently. Nominations were solicited from over 100 insurers in the US and internationally with the Model Carrier Components selected by Celent's team of insurance analysts.