COLORADO SPRINGS, Colorado (January 8, 2008) – Insurance Technologies, LLC, the premier provider of illustration and point-of-sale software for the financial services and brokerage industries, announces that an important milestone in their work with Nationwide Financial Services has been achieved. Three separate tools previously needed to produce variable annuity information for Nationwide are now available on one single platform from Insurance Technologies. As a result of Insurance Technologies ForeSight™, Nationwide Financial’s illustrations will now include historical hypotheticals, as well as forward projections to help financial and insurance producers accelerate the sales cycle.
Nationwide Financial was looking for a variable annuity sales and marketing solution which would create convenience for their financial and insurance producers, saving them considerable time by eliminating the need to work with disparate disconnected systems and data entry duplication.
“What’s really exciting about our partnership with Nationwide Financial is how we’re planning over the long-term to utilize the power and innovation of ForeSight to make it more than just a variable annuity sales and marketing solution”, says Paul Skordilis, EVP of Sales and Marketing at Insurance Technologies. “We are looking forward to leveraging the ForeSight technology to automate Nationwide’s internal processes, creating a deployment environment that is based on automation instead of costly and time-consuming manual processes.”
Susan Gueli, Senior Vice President and Chief Information Officer of Nationwide Financial concurs. “In addition to being an impressive variable annuity sales system, ForeSight is connectable technology,” said Gueli. “This positions us in the future to integrate the platform seamlessly with our sales desk, back office systems, and databases, vastly decreasing the amount of time it takes to get our updated rates and products to market.”
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.
About Nationwide Financial (www.nationwide.com)
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest1 and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.
It’s part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 104 on the Fortune 500 based on 2006 revenue.2
Annuities and life insurance products are issued by Nationwide Life Insurance Company and Nationwide Life and Annuity Insurance Company, Columbus, Ohio. The general distributor for variable products is Nationwide Investment Services Corporation, member FINRA. In Michigan only: Nationwide Investment Svcs. Corporation.
1Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.
2 Fortune Magazine, April 2007