InsPro Receives XCelent Award for North American Life Insurance Policy Administration Systems
Celent Report Highlights InsPro Enterprise™ as a Leader in the Customer Base Category
Eddystone, PA – December 5, 2013 – InsPro Technologies LLC, the leading provider of an innovative policy administration system that helps insurers and TPAs market new products quickly, improve customer service, and reduce operating costs, today announced it received the XCelent Customer Base 2013 award for life insurance policy administration from Celent, a research and consulting firm. The award is based on the firm’s assessment of InsPro Enterprise, a comprehensive policy administration system for life, health and annuity products, as compared to other offerings profiled in a Celent report titled, “North American Policy Administration Systems 2013: Life, Health, and Annuities ABCD Vendor View.”
The report uses Celent’s proprietary framework called the ABCD Vendor View to profile and benchmark 24 policy administration systems in use for life, health and annuities products, with 17 full profiles and 7 limited profiles. Top performing vendors in each category are recognized as XCelent award winners.
InsPro Enterprise led the “Customer Base” category following an analysis of the number of U.S. and Canadian insurers using the system for life insurance or annuity lines of business, the number of new clients in the past two years, the size and experience of InsPro’s professional services and support team, and users’ implementation experiences.
“We’re pleased to be recognized as a leader in a category that underscores our commitment to service excellence and encompasses both newly signed clients and our broad client base,” said Robert Oakes, President and Chief Executive Officer of InsPro. “This award is yet another validation of our accelerated growth over the past two years, and the favorable reception InsPro Enterprise has had in the marketplace since its launch in 2004.”
About InsPro Technologies Corporation
Through its subsidiary, InsPro Technologies LLC, InsPro Technologies Corporation, offers true, out-of-the-box functionality with InsPro Enterprise, a dynamic policy administration system that helps insurers and TPAs market new products quickly, improve customer service, and reduce operating costs. Highly configurable by the business user, InsPro Enterprise(tm) supports multiple product lines as well as hybrid products on a single, web-based system. The Company’s domain expertise includes Voluntary, Senior Health, Life, A&H, and Annuity products. InsPro is a US-based company, headquartered in Eddystone, PA. For additional information on InsPro Technologies, please visit www.inspro.com.
In addition to historical facts or statements of current condition, this press release contains forward-looking statements within the meaning of the “Safe Harbor” provisions of The Private Securities Litigation Reform Act of 1995, including statements regarding current and future capabilities and products supported, quality and growth potential of our technology platform, including related services, and providing the financial support and other resources needed to demonstrate the strength of this growing technology business and to continue to reinvest in the product. Forward-looking statements provide InsPro Technologies current expectations or forecasts of future events. Moreover, InsPro Technologies cautions readers that forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from the statements made, including risks described in InsPro Technologies’ most recent Quarterly Reports on Form 10-Q or Annual Reports on Form 10-K filed with the Securities and Exchange Commission and available on the Securities and Exchange Commission’s website at www.sec.gov. InsPro Technologies Corporation does not undertake any obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
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InsPro Technologies LLC