June 14, 2010
Colorado Springs, CO
COLORADO SPRINGS, CO (June 14, 2010) – Insurance Technologies LLC, the leading provider of point-of-sale illustration software to the insurance and financial services industries, announces the successful deployment of ForeSight™ 5.0 for Sagicor Life Insurance Company. ForeSight 5.0 is Insurance Technologies’ flagship point of sale and illustration system for Life, Annuities, Critical Illness, Disability Income and Long-Term Care. It won the Windows in Financial Services 2008 Innovator Award.
Impressed by the new user interface, seamless experience with inputs and validation, along with the enhanced capabilities that ForeSight 5.0 offered such as Smart Phone (PDA), CRM and FNA, Sagicor chose to convert up to ForeSight 5.0 allowing their agents to utilize these competitive advantages.
Sagicor has been using the ForeSight system since 2006 to illustrate their UL, WL, Term, and Annuity products. “Insurance Technologies and the ForeSight 5.0 single system solution has provided Sagicor with the tools our producers need to provide comprehensive information to their clients which will allow them to make the financial decisions for their future. We expect the ForeSight 5.0 to be a great investment with a strong ROI over time” says Michael Stricker, Senior VP of Operations Sagicor Life.
“We are excited to help grow Sagicor’s life and annuity business, support their sales efforts with illustrations that are simple to generate and make a tangible impact through the advanced technology of ForeSight 5.0” says David Fenimore, Insurance Technologies’ CTO. “This was a very important project for Sagicor and the Insurance Technologies’ staff delivered on time and in budget.”
“With the introduction of the ‘Summary Values’ section, producers and clients are able to see how each parameter they modify alters the premium needed or death benefit available,” says Stricker. “The capabilities extended to our field agents have been greatly expanded allowing them to create very specific funding patterns, death benefit changes, illustrated rates and rider selections quickly and easily. The speed at which the values are calculated and the actual report is rendered into PDF format has been reduced significantly in the ForeSight 5.0 system.” adds Mike Stricker.
About Sagicor (www.sagicor.com)
Sagicor Financial Corporation has developed an incomparable reputation because of its financial stability. That solid reputation is based on the Company’s excellent financial performance and financial prudence over the years. Our insurance subsidiaries, Sagicor Life Inc, Sagicor Capital Life and Sagicor Life Jamaica Limited, are consistently rated “A” (Excellent) by A.M Best and Company and Sagicor Life Inc, has a financial strength rating of BBB from Standard and Poor’s. Our US subsidiary, Sagicor Life Insurance Company is rated “A-” (Excellent) by A.M Best.
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. 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.