Press Release

Insurance Technologies Expands with Growing Customer Needs

September 30, 2014
Colorado Springs, CO

COLORADO SPRINGS, CO, September 30, 2014 – Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced today its expansion to accommodate a 30% increase in its life and annuity customers in the last 12 months.

Driven by an increase in client growth for both ForeSight® and FireLight®, Insurance Technologies has strategically expanded its technology and industry expertise to continue to provide clients with innovative products supported by the level of customer service its customers expect from Insurance Technologies. To support its growing life clientele, Insurance Technologies has grown a strong team of 6 Actuaries and 20+ Senior Actuarial Software Engineers.

“We are excited to increase our team of actuarial, financial, and technology experts to ensure our ongoing support of our clients’ illustration, product and technology goals,” said David Fenimore, President of Insurance Technologies. “This represents our continued growth through customer acquisition and our commitment to give our customers the best service possible.”

To accommodate its recent growth, Insurance Technologies has also expanded its office space in Colorado Springs, CO. Since moving into its current location in 1998, Insurance Technologies completed a full office renovation in 2012 which included additional workspaces, conference rooms, outside employee patio lounge, revamp of the corporate gym, and a full network infrastructure expansion and upgrade. This year’s office expansion provides approximately 35% more space located in an adjacent office complex bringing the total space to over 55,000 square feet. Insurance Technologies team members will continue to be easily accessible and maintain an efficient communication flow among teams via an adjoining skywalk.

“The ability to expand our office space allows us to continue to recruit and augment our existing talented employee base,” said Tammy Shuminsky, COO of Insurance Technologies. “It was imperative that we supplement our existing footprint with additional space. This allows us to operate as one contiguous cohesive office while adding new collaborative and creative environmental elements.  We are very enthusiastic about this expansion.”

In addition, Insurance Technologies continues to utilize the latest technology and cultivate business alliances with some of the industry’s leading service companies to provide clients timely implementations, latest mobile technology capabilities and the support for the ever changing technology needs.

About Insurance Technologies (www.insurancetechnologies.com)
Based in Colorado Springs, Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industries. Our product suite supplies carriers and distribution partners accurate tools to automate and accelerate the sales process allowing more time to develop new sales opportunities. ForeSight® is a mobile point-of-sale illustration platform that supports all aspects of the insurance sales process for multiple lines of business across diverse distribution channels with customized user experience and content branding options. FireLight® is a device-agnostic, user-friendly, easy to deploy e-application business fulfillment platform that automates any existing sales process across all lines of business facilitating straight-through processing.