March 9, 2012
Colorado Springs, CO
COLORADO SPRINGS, CO, March 9, 2012 – Insurance Technologies, LLC, a provider of sales automation solutions for the financial services industry, announced today the successful implementation of FireLight® 2.0, an electronic application and management solution, for Sagicor Insurance Company (Sagicor). The upgrade to FireLight 2.0 provides Sagicor the tablet technology support that coincides with their mobile business processing strategies along with a new user interface to make completing and submitting forms quick and familiar.
Combining the mobile illustration power of Insurance Technologies ForeSight™ 5.3 for their multiple life products including whole life, universal life and term life products, with the mobile electronic application processing strengths of FireLight 2.0, Sagicor has created a mobile end-to-end straight-through processing solution for their distribution partners. By implementing FireLight 2.0, Sagicor is able to submit complete and in good order applications to Sagicor's home office for issuance, anytime and anywhere no matter the mobile device. With the built-in e-signature features, Sagicor distribution partners are empowered to capture and close business instantly on tablet devices, enhancing the sales process for the client while reducing operational cost and issuance expense for the home office.
FireLight 2.0 also provides Sagicor distribution partners a new user interface with automatic data population from the ForeSight platform into the application forms, creating an enhanced user experience. FireLight 2.0 provides Sagicor system flexibility to continue adding more products, allowing Sagicor to be in control of their technology investment and provide straight-through-processing capabilities for all lines of business from a single platform.
"Obviously, the use of tablet devices has exploded in the past few years. Tablet devices provide true portability with the ability to present information in new and interesting ways," said Bart Catmull, Chief Operating Officer, Sagicor Life Insurance Company. "Giving our distribution partners the ability to utilize tablets devices in the marketing of Sagicor life insurance products provides us with a competitive advantage now and sets us up for the future as technology continues to evolve. Sagicor is pleased to have Insurance Technologies as one of our business partners."
"We are excited to be part of Sagicor's continued efforts to provide their distribution partners with the advanced technology to simplify and ease the process of doing business with Sagicor," said David Fenimore, EVP & CIO, Insurance Technologies. "The advanced features and capabilities of FireLight 2.0 provide Sagicor the flexibility and mobility needed to continue to build a seamless sales process for all their product offerings."
About Insurance Technologies (www.insurancetechnologies.com)
Based in Colorado, Insurance Technologies provides innovative sales automation solutions to the financial services industry, supplying Carriers, Broker Dealers, Bankers and Advisors the accurate sales tools allowing them more time to develop new sales opportunities. Our product suite manages the sales process across distribution channels thus providing Straight-Through Processing (STP) resulting in more in good order applications. ForeSight™ is a mobile point-of-sale platform that illustrates all business lines across diverse distribution channels. FireLight® is an electronic fulfillment platform that provides a low cost, flexible and easy to deploy solution for all product lines resulting in world class electronic application processing. With over 200 employees, Insurance Technologies is known for our best of class products, advanced technology, dependable delivery and highly regarded customer service.
About Sagicor Life (www.sagicorlifeusa.com)
Sagicor Life Insurance Company (Sagicor) is a full-service life insurance company that helps clients make wise financial decisions today to ensure they're protected tomorrow. Licensed in 44 states plus the District of Columbia, Sagicor is rated "A-" (Excellent) by A.M. Best Company. It is a wholly owned subsidiary of Sagicor Financial Corporation, one of the oldest insurance groups in the Americas, with operations in 22 countries including the United States, Latin America and the Caribbean. Sagicor is committed to offering customers world-class service with integrity and value.