Press Release

Insurance Technologies Announces Allianz Life Insurance Co., Ltd. (Seoul, Korea) In Production with ForeSight™

August 29, 2002
Colorado Springs, CO

COLORADO SPRINGS, CO (August 29, 2002) - Insurance Technologies, the premier provider of point-of-sale management software for the financial services industry, today announced that Seoul, Korea-based Allianz Life Insurance Co., Ltd. is in production with the web-version of ForeSight™ Enterprise.

ForeSight provides a comprehensive financial planning application that gathers, analyzes and recommends insurance and financial products through a suitability analysis, for individuals or for an entire household - all in one system. ForeSight supports a full suite of products, including but not limited to, Life, Health (disability & medical), Annuity, Savings & Specialty products.

“This was an exciting project that validated ForeSight’s underlying web-based design, because of the diverse and comprehensive nature of the solution,” said David Fenimore, Senior Vice President of Sales, Marketing & Product Development, Insurance Technologies.

Insurance Technologies is working in conjunction with Accenture in the Asia-Pacific market to deliver comprehensive business solutions for management and distribution of financial products and services. They have orchestrated the integration of ForeSight with Siebel, a leading global provider of CRM (customer relationship management) systems.

About Insurance Technologies (http://www.insurancetechnologies.com)

Based in Colorado Springs, Colorado, Insurance Technologies is the pioneer of enterprise wide insurance point-of-sale management and offers a feature rich software solution to the financial services and brokerage industry supporting life, annuity, mutual fund, long term care, disability insurance and accidental death and dismemberment products.

The ForeSight family of products is Insurance Technologies’ multi-channel desktop and web solution integrating steps in the sales process including sales channel branding and content administration, needs analysis, asset allocation, quotes, hypotheticals, illustrative cash flows, suitability analysis, jurisdictional compliance, application generation and electronic fulfillment.