Business
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 the industry meet its 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 inforce 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.

Corporate Headquarters: Toronto, Canada

Leadership:
Zahir Dhalla, President and CEO

Company Snapshot

  • Created multiple solutions for over 15 clients in Canada
  • Over 100 major illustration system implementations
  • Average growth rate in excess of 25% year over year in last five years
  • 14 years experience of service in the Canadian life insurance industry with demonstrated expertise in modular technology solutions , UL, actuarial consulting, taxation and compliance

 

  

         Company Milestones
1989
  • Company founded under the name CompAct Systems by Zahir Dhalla
1989-94
  • Specialized in development of custom illustration solutions for UL, term annuities, critical illness, disability and participating insurance plans.
  • Development efforts focused on DOS-based solutions for illustration systems, insurance concepts, etc.
1995
  • Released first Windows-based illustration system
1997
  • Released first base calculation engine and complementary components
  • Participated in development of CLHIA consumer protection guidelines
1999
  • CompAct Systems changes name to illustrate inc to more closely identify with its area of specialization and focus
2000
  • Formed marketing alliance with SOLCORP, aleading provider of software solutions to the life insurance industry. The two companies co-developed a pilot interface between their systems for the Individual Life Systems group of Co-operator’s Life Insurance Company
2001
  • Released first real time, vendor-built inforce illustration system in Canada
2002
  • Partnered with COSS Development Technologies of Mequon, WI to market, deliver and service a range of COSS desktop and web-based financial planning solutions throughout Canada.
  • Provides COSS with local presence to provide service and support to Canadian customers
2003
  • Launched first web inforce policy illustration solution