InsPro Technologies Corporation Kicks-Off Product-Specific User Group Meetings with Long Term Care
Collaborative forum promotes streamlining InsPro Enterprise enhancements with customer vision and direction
Radnor, PA – August 31, 2011 – InsPro Technologies Corporation (OTC Bulletin Board: ITCC), a leading software innovator of flexible, comprehensive insurance solutions supporting a wide range of group and individual products, recently hosted the first in a series of product-specific user group meetings at the InsPro corporate headquarters. In addition to participation from InsPro Technologies’ executive management team, all of InsPro’s Long Term Care clients were in attendance, including industry leading carriers and third party administrators.
These meetings aim to bring together executives and senior level representatives from clients competing in the same market space to discuss opportunities to pool resources and expand on InsPro Enterprise’s existing functionality. While the solution’s breadth of features has greatly evolved each year since its introduction to market in 2004, bringing together forward thinkers that will continue to drive and shape the industry’s outlook will help InsPro align enhancement efforts with its clients’ and the overall industry’s future needs.
InsPro Technologies, LLC President and CEO, Bob Oakes said, “The concept of bringing our clients into a collaborative environment to work together towards common goals creates a win-win situation for all parties involved. We are very pleased with the participation levels and the openness our clients demonstrated during this meeting and we look forward to continuing to provide a solution that successfully accommodates our clients’ evolving and expanding requirements.”
InsPro will continue to host their Annual Executive Forum for all clients in the Fall. Based on the success of this first product-specific meeting and additional client demands, InsPro will expand these user group meetings in the near future to include Medicare Supplement, Supplemental Benefits, Life, and Annuity product lines.
About InsPro Enterprise
The InsPro Enterprise suite includes Product Configuration Workbench, New Business and Underwriting, Billing and Collections, Policy Administration, Agent Management and Commissions, Claims, Document Management, Web Portals, and Data Analytics. InsPro Enterprise was designed as a single technology solution to manage all insurance processing requirements and built from the ground up to support both group and individual policies. The InsPro Enterprise design provides carriers the option to deploy the solution as an end- to-end straight through processing suite or on a modular componentized basis to address immediate areas of concern.
About InsPro Technologies Corporation
Through its subsidiary, InsPro Technologies LLC, InsPro Technologies Corporation offers InsPro Enterprise software, an end-to-end, web-based policy administration system used by insurance carriers and third party administrators. By managing the entire product and policy lifecycle on a single integrated platform, customers are afforded opportunities to accelerate
new product introductions, lower IT support costs, increase customer retention, and improve operational performance. InsPro’s solutions are offered through standard software licensing, as a hosted solution, or via Software as a Service (SaaS) delivery.
For additional information on InsPro Technologies Corporation and InsPro Enterprise please visit www.inspro.com or call (610) 872-6135.
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 the capabilities 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. Forward-looking statements provide InsPro Technologies current expectations or forecasts of future events. Moreover, InsPro Technologies Corporation 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.