Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, has received the 2020 XCelent Customer Base Award for Illustration Systems: North America Life Insurance Edition for its ForeSight® Enterprise Life Insurance and Annuity Illustration software solution.
The 2020 XCelent Awards are powered by Celent’s VendorMatch and determined based on the Celent ABCD Vendor View, a resource for identifying premier technology solutions serving the insurance and financial industries. ForeSight was one of 10 illustration systems profiled, receiving the award for extensive and growing customer base.
In an industry where technology adoption is the perennial challenge, Insurance Technologies ForeSight illustration software is listed as the top solution for both:
- Number of North American insurers running any release of the system and
- Number of new life insurance clients choosing ForeSight in the past two years.
“Since its inception in the late 1990s, Insurance Technologies has continued to expand its customer base with its robust suite of sales tools. Their illustration solution, ForeSight, which continues to excel in portal, user experience and omnichannel capabilities is now available for cloud and SaaS deployments, which has boosted the percentage of customers who are current with the most recent system,” states Keith Raymond, Senior Analyst and co-author of the report. “Momentum in the market and the ability to keep clients current are two components of the XCelent Customer Base award.”
“Receiving this particular XCelent Award is a testament to the sales capabilities of ForeSight, our value as a technology partner, and our commitment to R&D,” said Katherine Dease, chief product officer, Insurance Technologies. “ForeSight by itself is a powerful, valuable, and compelling sales tool that is part of the sales picture that also happens to meet compliance requirements. We continue to invest in R&D with a focus on the sales process that allows carriers to create compelling output that increases sales, which is the heart of why we continue to grow our client base.”
ForeSight is an intuitive point-of-sale illustration software solution that supports key aspects of the insurance sales process for multiple lines of business with customized user experiences, enhancing the marketing and selling of life insurance and retirement products. With the integration into FireLight®, carriers can provide their distribution partners access to their compliant illustrations on a multi-carrier sales platform or embed in third-party sales solutions.
About Insurance Technologies
Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industries. Offering a suite of integrated sales solutions, from pre-sale functions to illustrations through e-application and e-delivery to post-sale services, Insurance Technologies provides carriers and distributors the sales capabilities and tools to create automated and cohesive sales experiences for their advisors and clients across all lines of insurance, retirement and investment products. The unique architecture and flexibility of its solutions deliver front and back-office configurability and usability to support multiple business strategies, encourage cross-channel growth and evolve with regulatory changes.