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Independent Study by Celent
Communications Cites
illustrate inc a Solid Option for
Canadian Life Insurance Carriers
Toronto,
CANADA, July 12, 2004,
illustrate inc, a leading developer of policy
illustration solutions to the Canadian life insurance industry
was recently one of eight companies analysed and profiled in
an independent study conducted by Celent Communications. The
report, released in June, profiles in detail the technology,
overall functionality and service offerings of eight providers
of illustration software to the life insurance and annuity
industry in North America. In gathering information for the
study, Celent examined the products and services of leading
illustration system vendors and conducted client reference
interviews for each participant.
The Celent
report identifies trends that will drive decision-making
around illustrations for the next few years, including: an
emphasis on vendor-based components over totally-custom
systems; continued slow migration to Web-based systems;
growing interest in common calculation engines; slow
consolidation on vendors that provide more robust
capabilities, and; improved integration across all new
business functions.
In concluding
the profile of illustrate inc in the vendor report,
Celent stated, "Celent believes that illustrate inc’s
intense focus on client needs, the company’s expertise in the
Canadian market, its philosophy of providing user-level tools,
and continued improvements to its core products make the
company a solid option for Canadian carriers.”
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About Celent
Celent Communications is a global research and advisory firm
dedicated to helping financial institutions formulate
comprehensive business and technology strategies. Founded in
1999 by veteran financial services technology analysts, Celent
is an independent firm dedicated to providing unbiased
information and advise to financial services firms. For more
information, please visit
www.celent.com.
About
illustrate inc
Founded in 1989, illustrate inc is a
leading software and service provider for the Canadian life
insurance industry. illustrate inc’s mission is to
assist Canadian life insurance companies meet their sales and
service needs through the design and delivery of modular
policy illustration solutions using advanced technology.
illustrate inc is a privately held company headquartered
in Toronto. Working in partnership with leading insurers,
illustrate inc has established a reputation for delivering
innovative policy illustration solutions on time and within
budget. For more information, visit the company’s web site at
www.illustrateinc.com.
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