February 22, 2011
Colorado Springs, CO
COLORADO SPRINGS, CO, February 22, 2011 – Insurance Technologies, LLC, a
provider of sales automation solutions for the financial services
industry, today announced the successful deployment of ForeSight™ 5.0
for The Guardian Life Company of America (Guardian), one of the largest
mutual life insurers and a leading provider of employee benefits.
ForeSight 5.0 is the latest version of Insurance Technologies' point of
sale and illustration system that supports all aspects of the insurance
sales process for all business lines including Life, Annuities, Critical
Illness, Disability Income and Long Term Care, across diverse
distribution channels with tailored user experience and content branding
Guardian chose to migrate to ForeSight 5.0 for its technological advances and product cloning capabilities to increase speed to market and lower maintenance costs as well as the ability to combine pricing and contracts across the organization. In addition, the user interface enhancements increase ease of use along with other significant feature and functionally improvements that will support Guardian's product development and distribution initiatives.
Guardian's initial ForeSight 5.0 release introduced a new SPIA product as well as the conversion of their existing Variable Annuity products and Living Benefit riders. Future plans include the addition of Fixed Annuity products, additional riders for Variable Annuity products, new sales strategies and increased field distribution.
"We are very pleased with Guardian's confidence in ForeSight and their decision to continue advancing with us as we deliver new and upgraded versions of our product. Providing next generation technology to help our clients expand their sales capabilities and support their growth is a goal we remain very committed to," said David Fenimore, EVP, Engineering & CIO for Insurance Technologies.
"Our conversion to ForeSight 5.0 enables us to provide our field agents an extremely usable and efficient toolset," said Douglas Dubitsky, Vice President, Retirement Solutions. "With ForeSight 5.0, the speed at which our agents are able to run calculations and reports has been significantly improved."
About Insurance Technologies (http://www.insurancetechnologies.com)
Based in Colorado, Insurance Technologies provides innovative sales automation solutions to the financial services industry, supplying Carriers, Brokers, Bankers and Advisors the accurate sales tools allowing them more time to develop new sales opportunities. Our product suite manages the sales process across distribution channels thus providing Straight-through Processing ((STP) resulting in more in good order applications. ForeSight™ is a mobile point-of-sale platform that illustrates all business lines across diverse distribution channels. VisibleChoice® is a multicarrier annuity sales solution that compares side-by-side product features and values thus reducing compliance risk and increasing suitability. FireLight® is an electronic fulfillment platform that provides a low cost, flexible and easy to deploy solution for all product lines resulting in world class electronic application processing. Insurance Technologies is known for our best of class products, advanced technology, dependable delivery and highly regarded customer service.