Press Release

Insurance Technologies' Illustration Software Dominates the U.S. Annuity Market

December 10, 2002
Colorado Springs, CO

COLORADO SPRINGS, CO (December 10, 2002) - Insurance Technologies, the premier provider of point-of-sale management software for the financial services and brokerage industries, today announces the addition of a fifth premier annuity carrier to its list of valued clients. ForeSight™ now illustrates leading annuity products for five of the top 32 variable annuity carriers (The VARDS Report, A Service of Info-One, 9/30/02). This now puts ForeSight, Insurance Technologies’ award winning illustration software solution, in a leadership position for annuities in the U.S. market.

“While many annuity writers still use simple internally developed applications or no illustration tools at all, our customers have aggressively pursued a sales strategy that differentiates their products in the marketplace,” said Steve Leigh, Vice President of Sales & Marketing, Insurance Technologies. “There is a major trend in the annuity space right now that is moving carriers toward robust annuity product modeling. These carriers recognize the benefits of ForeSight and continue to utilize its rich functionality to greatly increase their VA sales.”

ForeSight’s annuity illustration capabilities allow carriers to highlight the value of sub-accounts, the power of product features and the value of annuitization. ForeSight delivers insurance manufacturers’ value proposition to customers through innovative sales strategies and modern workflow processing support. The enterprise-wide product provides the ability to adapt to the ever-changing insurance industry by tailoring marketing messages to multiple distribution channels through branding and content control.

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, offering a feature rich software solution to the financial services and brokerage industries, 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.