August 11, 2008
Colorado Springs, CO
COLORADO SPRINGS, CO (August 11, 2008) – Insurance Technologies announces a major release of its flagship product and wins the Innovator Award from Windows in Financial Services magazine. The Windows in Financial Services Innovator Award recognizes companies that use Microsoft technologies in original or creative ways to solve practical business problems, from maximizing productivity to streamlining operations.
Insurance Technologies is proud to announce the fifth major release of its flagship product, and has received commitment from marquee clients to migrate to ForeSight™ 5.0, which has a general availability date of August 19, 2008.
ForeSight 5.0, built on the Microsoft .NET Framework 3.5 using Visual Studio 2008 Team System with Team Foundation Server, simplifies and streamlines the selling of Life, Annuities, Critical Illness, Disability Income and Long Term Care, while giving agents the advanced tools they need to customize offerings to customers and producers across multiple distribution channels. It supports all the steps in the selling process – needs analysis, asset allocation and sales concepts, hypotheticals, forms generation, application processing, and group or multi-life cases.
The application manages all point-of-sale activities from a single platform, increasing the productivity of producers, improving agility and speed to market as well as reducing expenses. Its native .NET Framework capabilities provide high performance on a mobile platform while providing users with a familiar style and a fast, flexible, and secure operational environment.
Disconnected desktop users are supported through the ForeSight "Console" application, which delivers the exact same functionality found in the Web application on the desktop with no internet connectivity required. This is done using the same codebase, so the user sees the exact same behaviors whether on the web or on the desktop.
Two-way case synchronization is supported for user data and automatic software updates are handled through ClickOnce. Rich integration options to related systems such as application processing, underwriting, and administration are provided through ACORD transactions and Web services.
"We are honored to accept the Windows in Financial Services award recognizing the exceptional work of Insurance Technologies employees to deliver ground breaking solutions," says David Fenimore, EVP, Engineering & CIO for Insurance Technologies. "While this award recognizes the utilization of latest technologies to create powerful software applications, it also underscores the Insurance Technologies continued commitment to invest in providing the best solution for our clients."
"Insurance firms struggle with the need to simplify the selling of products in an easy-to-use, centralized manner that still provides the best and most advanced tools for agents," said Bill Hartnett, U.S. insurance industry solutions director, Microsoft Corp. "the ForeSight innovative solution, using Microsoft technologies, delivers these benefits, providing a great degree of customization, while also allowing agents to work in a familiar and easy-to-use environment."
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, Annuities, Critical Illness, DI, and LTC – all on a single mobile platform. Our latest innovation VisibleChoice® is a multi-carrier annuity sales platform designed to leverage multiple annuity products and features. Together, they improve point-of-sale effectiveness and help close more sales quickly.
About WFS (http://www.windowsfs.com)
Leading Financial Services Technology Magazine Recognizes Outstanding Achievements and Innovations in Leveraging and Customizing Advanced Technologies for the Securities Industry.