Press Release

Insurance Technologies Announces the addition of data management to its point-of-sale illustration system ForeSight™ allowing carriers greater control of data updates

June 22, 2010
Colorado Springs, CO

COLORADO SPRINGS, CO (June 22, 2010) -Insurance Technologies LLC, the premier provider of illustration and point-of-sale software for the financial services and brokerage industries, announces the introduction of data management through 'DataSight' as a core enhancement of its flagship product ForeSight™.

The ForeSight data management tool, DataSight, will allow carriers to control data updates to the ForeSight illustration system. Frequent data changes due to investment conditions, competitive pressures, and regulatory requirements are managed and maintained by the carrier through a single interface allowing carriers to realize greater cost savings. DataSight's data management features include the ability to configure products, manage product features (such as riders and benefits), manage product accounts, update product rates, and clone products.

Insurance Technologies continues its enhancements of the industries leading point-of-sale illustration system ForeSight, allowing carriers to better manage all point-of-sale activities from a single platform while increasing producer productivity and improving speed to market. ForeSight simplifies and streamlines the selling of Life, Annuities, Critical Illness, Disability Income and Long Term Care, while giving agents the advanced tools they need to customize offerings to customers and producers across multiple distribution channels. It supports all the steps in the selling process – needs analysis, asset allocation and sales concepts, hypotheticals, forms generation, application processing, and group or multi-life cases.

"Recognizing Insurance firms need to simplify the management of product data updates, Insurance Technologies developed a streamlined data management tool for ForeSight which would address this need. Allowing our clients the ability to self maintain certain areas of product data allows them to realize even greater speed to market and cost savings associated with self maintained product updates. We remain committed to providing the best and most advanced sales tools for agents through the development of ForeSight. Insurance Technologies continues its commitment to invest in providing the best solution for our clients and are excited about the benefits our clients are realizing" says David Fenimore, EVP, Engineering & CIO for Insurance Technologies.

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.