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The ForeSight data management tool, DataSight, will allow carriers to control data updates to the ForeSight illustration system. Frequent data changes due to investment conditions, competitive pressures, and regulatory requirements are managed and maintained by the carrier through a single interface allowing carriers to realize greater cost savings.
DataSight's data management features include the ability to configure products, manage product features (such as riders and benefits), manage product accounts, update product rates, and clone products. ForeSight, allows carriers to better manage all point-of-sale activities from a single platform while increasing producer productivity and improving speed to market.
ForeSight simplifies and streamlines the selling of life, annuities, critical illness, disability income and long term care, while giving agents the advanced tools they need to customize offerings to customers and producers across multiple distribution channels.
"Recognizing insurance firms need to simplify the management of product data updates,
Insurance Technologies developed a streamlined data management tool for ForeSight that would address this need," says David Fenimore, executive vice president, engineering, and CIO of Insurance Technologies. "Allowing our clients the ability to self maintain certain areas of product data allows them to realize even greater speed to market and cost savings associated with self-maintained product updates. We remain committed to providing the best and most advanced sales tools for agents through the development of ForeSight. Insurance Technologies continues its commitment to invest in providing the best solution for our clients and are excited about the benefits our clients are realizing."
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