Press Release

Insurance Technologies appoints Bill Aguayo with 28 years experience as Senior Vice President of Actuarial Research.

November 10, 2010
Colorado Springs, CO

COLORADO SPRINGS, CO (November 10, 2010) – Insurance Technologies LLC, a provider of sales automation solutions for the financial services industry, announces the appointment of Bill Aguayo as Senior Vice President, Actuarial Research. Mr. Aguayo's responsibilities as Senior Vice President, Actuarial Research include calculation integrity, inforce ledgers and advanced financial planning concepts, as well as being involved in client interfacing projects. Mr. Aguayo brings over 28 years of actuarial experience in the financial services industry to his new role.

Mr. Aguayo's actuarial experience includes product development, financial modeling, application software development, legal, tax, and financial reporting. Mr. Aguayo has been a Fellow of the Society of Actuaries since 1990 and a Member of the American Academy of Actuaries since 1989. He holds advanced financial planning and financial analyst designations including CFA, ChFC, and CLU. Mr. Aguayo joins Insurance Technologies with years of actuarial consulting expertise on product development for indexed universal life, variable universal life and term insurance. Through his years of actuarial consulting for Fortune 500 insurance companies, Mr. Aguayo has become extremely knowledgeable on Insurance Technologies' ForeSight™ product and how individual manufacturers use it to illustrate their unique product strengths.

"We are extremely pleased to have Bill join the Insurance Technologies' team of industry experts and I am confident he will make a significant impact here at Insurance Technologies," said Larry Wiedeman, Chairman and Chief Executive Officer. "His tremendous actuarial experience within the actuarial and marketing industries makes him uniquely suited to direct the Insurance Technologies' mission of providing technically accurate and innovative sales automation solutions to the financial services industry."

Prior to joining Insurance Technologies Mr. Aguayo was Senior Vice President and Chief Actuary for four years at Sagicor Life Insurance Company, a top insurance company with operations in 22 countries, and he spent 10 years as Vice President & Managing Actuary at AEGON.

"Insurance Technologies is well respected within the financial services sector as a very reputable vendor for illustration and point-of-sales software," said Bill Aguayo, Senior Vice President, Actuarial Research for Insurance Technologies. "I am looking forward to joining the Insurance Technologies' team and participating in the continued development and expansion of their ForeSight product."

About Insurance Technologies (www.insurancetechnologies.com)
Based in Colorado, Insurance Technologies provides innovative sales automation solutions to the financial services industry, supplying Carriers, Brokers, Bankers and Advisors the accurate sales tools allowing them more time to develop new sales opportunities. Our product suite manages the sales process across distribution channels thus providing Straight-through Processing (STP) resulting in more in good order applications. ForeSight™ is a mobile point-of-sale platform that illustrates all business lines across diverse distribution channels. VisibleChoice® is a multi-carrier annuity sales solution that compares side-by-side product features and values thus reducing compliance risk and increasing suitability. FireLight® is an electronic fulfillment platform that provides a low cost, flexible and easy to deploy solution for all product lines resulting in world class electronic application processing. Insurance Technologies is known for our best of class products, advanced technology, dependable delivery and highly regarded customer service.