Press Release

Insurance Technologies Announces the Release of FireLight®, an Electronic Application System Providing Straight-Thru-Processing of All Products

July 28, 2010
Colorado Springs, CO

COLORADO SPRINGS, CO (July 28, 2010) -Insurance Technologies, LLC, the premier provider of point-of-sale management software for the financial services and brokerage industries, announces the general availability of its electronic application system, FireLight® on July 28, 2010. With the launch of FireLight, Insurance Technologies compliments it's suite of insurance suitability and illustration platforms with complete order entry, creating a true end-to-end, point-of-sale solution.

FireLight provides straight-through-processing capabilities from a single, easy to use platform for all Annuity, Life, Disability Income, Long-Term Care, and Critical Illness applications. FireLight is a flexible, intelligent platform that improves "in-good-order" applications and ensures suitability & compliance throughout the application process through its use of built-in business intelligence rules.

Aside from being the most cost effective solution in the industry for electronic applications, the direct benefits of Firelight include:

  • Reduced Operational Costs and Processing Time
  • Easily Implemented using Built in Utilities
  • Increased "In-Good-Order "Applications
  • Built-in Regulatory & Compliance Risk Mitigation
  • Increased Efficiency through Simplified Sales Processes
  • Management Reporting for Distributors & Carriers
  • Flexible Routing Capabilities with Multiple Clearing Options
  • Unlimited access for all Distribution Channels

"We developed FireLight® to address the industries need for an intelligent, cost effective way of processing electronic applications" says David Fenimore, EVP, Engineering & CIO for Insurance Technologies. "At Insurance Technologies, we understand that the technology is important, but adoption is critical to success. Our solutions focus on providing technological advantages while also enhancing the user experience, making adoption as attractive and seamless as possible."

About Insurance Technologies   (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. VisibleChoice® is a multi-carrier annuity sales platform designed to leverage multiple annuity products and features. Our latest innovation FireLight® provides electronic application for all products types. Together, they improve point-of-sale effectiveness and help close and process more sales quickly.