Toronto, Canada, February 2, 2004 -- illustrate inc
a leading developer of policy illustration solutions to the life insurance
industry today announced the availability of web-based In-force Universal Life
and New Business policy illustration solutions.
illustrate inc’s
web-based In-force and New Business illustrations have the power to provide head
office staff and distributors with uncomplicated access, anytime and anywhere,
to the most comprehensive and current policy and client data. Users can access
their insurance company’s administration system and project or re-project policy
values for the customer. They also have the advantage of running reports and
handling transactions instantly and can submit fully compliant illustrations
electronically along with the application. Illustrations can be saved and
retrieved on-line. Reports are created in PDF format and can be emailed to a
customer or to the head office. Both the In-force and New Business solutions are
bilingual (English and French) and allow full integration with other web
software, permitting a field representative to present the customer with a full
view of their options and projections as well as all supporting materials and
forms in one visit.
“To meet the needs of our customers for compliance to the industry’s illustration
requirements as well as their needs for cost-effective and versatile solutions,
we are developing an entire suite of web-based applications. For illustrate
inc clients, web-based applications are significantly reducing application
maintenance and support costs and eliminating distribution and version control
expenses,” said Zahir Dhalla, President of illustrate inc. Customers can
now efficiently maintain and support a single version of each of their In-force
and New Business illustration applications on their central servers. Without
further intervention, updates, rate changes, product changes, etc. reach all
users at once. Both solutions are easy to use, easy to learn, and easy to
customize. To the user, they are virtually identical to the desktop versions to
which many have already become accustomed, reducing any learning curve.
The web-based In-force and New Business illustration solutions are available immediately. For
product demonstrations, please visit
http://www.illustrateinc.com/demos.html. The next development phase in the suite of
web-based solutions includes New Business Universal Life support and full
integration with electronic forms for all web-based illustration products.
Delivery dates are scheduled for Q2, 2004.
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. The
modular design of its Ultimate Engines for new business and
in-force illustrations coupled with powerful development
tools allow for the efficient delivery of easily
customizable solutions.
illustrate inc is a privately
held company headquartered in Toronto. The
illustrate inc
team includes actuarial staff, systems design and
architecture specialists as well as experts in insurance
administration system functionality, insurance product
design and taxation and compliance issues. The company
understands the unique needs of the life insurance industry
and specializes in solving complex sales distribution and
policy illustration issues. 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.
