InsPro Technologies, a provider of life/health insurance processing solutions, announced the development strategy for its InsPro Enterprise policy management and administration suite.
InsPro Enterprise was first introduced in 2004 as an integrated platform supporting the entire product and policy lifecycle. The new development path will focus on expanding InsPro Enterprise to support a wider range of life and annuity products.
The expansion of InsPro Enterprise is designed to address the needs of life and annuity insurers looking for modern technologies that offer functionality and flexibility to replace their current legacy environment. Coupled with InsPro Enterprise's library of product templates and business rule configuration tools, the system enables business analysts to quickly define and deploy new products to take advantage of windows of market opportunity and the constantly changing competitive landscape.
"As we evaluated our product direction plans it quickly became apparent that life and annuity insurers had very few solution alternatives incorporating modern technology," says Robert Oakes, InsPro president and CEO. "Insurance carriers are looking for modern solutions and analysts have been challenging vendors for years to put their best foot forward and bring these solutions to market. We see this as a tremendous opportunity to expand our market reach and fill an industry void."
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