May 6, 2008
Colorado Springs, CO
COLORADO SPRINGS, CO (May 06, 2008) –Insurance Technologies LLC, the premier provider of illustration and point-of-sale software for the financial services and brokerage industries, announces that Berkshire Life Insurance Company of America (Berkshire) has selected Insurance Technologies ForeSight™ to enhance its disability income insurance illustration system.
As part of an upcoming launch of the next generation flagship Individual Disability Income insurance line, Berkshire will provide its sales force with a web and desktop-enabled illustration system that will deliver enhanced marketing opportunities and vastly upgraded efficiencies for field releases. In addition, it will allow essential integration with the Berkshire mainframe and web-based applications.
"The ForeSight platform will give Berkshire Life producers dual distribution through both a web and desktop system," says Paul Skordilis, EVP, Worldwide Sales & Marketing at Insurance Technologies. "This will expand the company's market reach and allow them to retain their leadership position in the individual disability income arena."
Last year, Berkshire was the industry's sales leader of non-cancellable disability insurance sold on a one-to-one basis, according to the Life Insurance Market Research Association (LIMRA).
Eventually, ForeSight will enable Berkshire to provide each channel, broker dealer, agent or agency with a branded interface, product list, product variations and marketing content - all using one set of code. Delivering a unique user experience to each distribution partner, it is designed to expand Berkshire's relationships while offering its distribution partners maximum control and efficiency.
"The benefits that the ForeSight web and desktop system delivers are very impressive," says William R. Chandler, FLMI, CLU, Berkshire's Vice President, Information Technology. "Our partnership with Insurance Technologies will enable us to deliver state-of-the-art sales support capabilities that are flexible, easy to use and provide the ability to present personalized solutions to clients."
About Berkshire Life Insurance Company of America (www.berkshirelife.com)
Berkshire Life Insurance Company of America, Pittsfield, Mass. (Berkshire), is a wholly owned stock subsidiary of The Guardian Life Insurance Company of America, New York, N.Y. The company's key missions are to grow Guardian's disability income and long-term care lines of business and to research and develop new insurance products.
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.