Leading Third-Party Administrator Goes Live with InsPro Enterprise™ Policy Administration System
Launch Supports iGATE’s Goals of Achieving Operational Efficiencies through Superior State-of-the-Art Technology
Eddystone, PA – June 18, 2013 – InsPro Technologies LLC, the leading provider of an innovative, out-of-the-box policy administration system that helps insurers and TPAs market new products quickly, improve customer service, and reduce operating costs, today announced that iGATE has gone live with InsPro Enterprise™. iGATE selected the life, health and annuity system for full administration of its Third Party Administration (TPA) business. iGATE is the first Integrated Technology and Operations (iTOPS) company providing Business Outcomes-based solutions and offers TPA services through its wholly owned subsidiary, CHCS Services Inc.
InsPro Technologies LLC President and CEO Robert Oakes stated, “Delivering on our commitments to customers is how we measure success at InsPro. We are pleased to support a highly respected insurance service provider such as iGATE on the InsPro Enterprise platform, and are confident it will provide a strong foundation for its growing TPA business.” Oakes continued, “We are grateful for the professionalism and teamwork of the iGATE implementation team, and look forward to continued partnership with iGATE as they strive to become the leader in third-party-administration.”
Launching its Life products on InsPro Enterprise, iGATE’s Ganesh Iyer, Senior Vice President, Insurance, Healthcare & Lifesciences, said, “We are excited to have reached this important milestone. The InsPro system gives us the ability to service a wider segment of the industry and provide accelerated project timelines to our clients. InsPro is a valued partner, and we appreciate their support in helping us maintain our strong market position as a top-tier provider in a highly competitive insurance services marketplace.”
InsPro Enterprise currently supports Term, Whole Life, Long Term Care, Medicare Supplement, Critical Illness, Disability, Accident, Specified Illness, Final Expense, HIP/HAP, Dental, Vision, Annuities, and hybrid products for both group and individual lines of business. In addition, InsPro has started to expand the system’s functionality for universal life product support.
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. Fully loaded with prebuilt, product-specific templates driven by simple, intuitive Wizards, the system ensures that 85% or more of what clients need is already in place.
Highly configurable by the business user, InsPro Enterprise supports multiple product lines as well as hybrid products on a single, web-based system. With extensive domain expertise in Medicare Supplement and Long Term Care, as well as Accident and Health, Life Insurance, and Annuity products, the Company intends to add Universal Life products to its platform. 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.
iGATE Corporation is the first integrated technology and operations (iTOPS) company providing full-spectrum consulting, technology and business process outsourcing, and product and engineering solutions on a Business Outcomes-based model. Armed with over three decades of IT Services experience and powered by the iTOPS platform, iGATE’s multi-location global organization has a talent pool of over 27,500 employees and consistently delivers effective solutions to over 300 clients including Fortune 1000 companies spanning verticals such as: banking and financial services; insurance and healthcare; life sciences; manufacturing, retail, distribution and logistics; media, entertainment, leisure and travel; communication, energy and utilities; public sector; and independent software vendors. Under the Insurance, Healthcare & Life Sciences practice, iGATE offers Third Party Administration solutions through its wholly owned subsidiary CHCS Services Inc. Please visit www.igate.com for more information. iGATE Corporation is listed on the NASDAQ Global Select Market under the symbol “IGTE.”
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Sandra Taylor, Ph.D.
Chief Marketing Officer
InsPro Technologies LLC
The Garfield Group