Press Release

Insurance Technologies Announces ForeSight™ Version 5.0, Chosen by Top Life Insurance Carriers as The Leading Point-of-Sale Illustration Solution

September 18, 2009
Colorado Springs, CO

COLORADO SPRINGS, CO (September 16, 2009)- Insurance Technologies LLC, the premier provider of sales illustration and point-of-sale software for the insurance industry, announces feature additions to the latest version of its flagship product ForeSight™.
Recognized by Windows in Financial Services with an Innovator Award, ForeSight version 5.0 continues to provide agents with improved selling power for life insurance products through enhanced Financial Planning and Advanced Sales concepts. This new ForeSight release incorporates:

  • DataSight, which allows carriers to change Product Rates, Product State Approvals, Import Marketing Material and Forms, Maintain User Permissions, Upload Product Rate Files and Clone Products
  • Mortgage Cancellation, Perm v. Term, Executive Bonus, and Key Person sales concepts
  • Sales concept Storyboard Presentations
  • Product Comparisons (within and across product types)
  • In-Force/Reproposal illustration functionality
  • Electronic applications/fillable forms (with seamless integration with underwriting and new business systems)

ForeSight is the insurance industry's most widely used insurance sales illustration system. Select clients include 3 of the top 10 Life insurance carriers, 7 of the top 15 Annuity carriers, plus two dozen other companies.

Another market distinguishing feature of ForeSight is its use of Microsoft .NET 3.5. ForeSight is an impressive 'next generation', mobile, and connectable solution that has all the required "bells and whistles". Using one single source code base it works online, offline, and on PDAs. Initial feedback from customers has been extremely positive and ForeSight 5.0 is currently in production with several marquee life insurance clients.

David Fenimore, EVP, Engineering & CIO for Insurance Technologies explains that "Insurance Technologies' business strategy with ForeSight has always been to provide the premier illustration solution to simplify and aid in the education and selling of complex insurance products, provide customers with a one-stop platform for all line of business selling, and to be progressively built on a technology platform that would continue to easily integrate with other front and back-office systems to accelerate contract issuance. ForeSight 5.0 continues to demonstrate our commitment to these principles and our unwavering dedication to delivering software quality excellence."

About Insurance Technologies (www.insurancetechnologies.com)

Based in Colorado Springs, Colorado, Insurance Technologies LLC offers point-of-sale illustration software to the insurance industry. Insurance Technologies award-winning product, ForeSight, supports all product types, including Life, Annuities, Critical Illness, DI, and LTC – all on a single mobile platform.