Radnor, PA – May 19, 2011 – InsPro Technologies Corporation (OTC Bulletin Board: ITCC), a leading software innovator of flexible, comprehensive insurance solutions for a wide range of group and individual products, announced today that Aon Affinity is now in production with InsPro Enterprise for administration and management of its entire life and health portfolio.
The conversion has enabled improved access to customer data, comprehensive reporting, and customer self-service for Aon Affinity.
“Improving our technology platform to support our life and health clients was a key initiative for our organization,” said William Pagan, vice president of client delivery with Aon Affinity. “We’re always striving to provide our clients with enhanced service, and the selection of InsPro Enterprise and close collaboration with the dedicated InsPro team made it possible to meet our very aggressive 12 month implementation schedule.”
The project included the conversion of four existing administrative platforms to the single InsPro solution platform, supporting Aon Affinity’s life and health associations, numerous products, and policyholders.
“The conversion of just one policy administration system is a significant challenge. When we knew we were facing the consolidation of four systems, choosing the right technology platform and partner became even more critical,” added Jim Pitonyak, senior vice president and CIO with Aon Affinity. “Our relationship with InsPro and the quality and commitment of our respective teams made this success possible and we could not be more pleased with the results.”
“We congratulate the Aon Affinity team for the successful launch of their InsPro Enterprise production environment. We appreciate their confidence in and commitment to InsPro Enterprise and their recognition of the contributions from the InsPro team that helped make this project a success,” said InsPro Technologies, LLC president and CEO Bob Oakes. “It is gratifying to see our technology delivering value to a world class organization like Aon Affinity and providing them with a platform that will continue to support their aggressive growth strategy moving forward.”
About Aon Affinity
Aon Affinity combines the specialized knowledge of affinity program management with the extensive resources of a global company to bring an everyday commitment to helping clients achieve their goals. Aon Affinity offers full-service capabilities; technical expertise and industry knowledge that adds value through an innovative approach to program strategy, from the design of products and services to the delivery of the marketing message. Visit http://www.aon.com/affinity for more information.
Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and outsourcing. Through its more than 59,000 colleagues worldwide, Aon unites to deliver distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon’s industry-leading global resources and technical expertise are delivered locally in over 120 countries. Named the world’s best broker by Euromoney magazine’s 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance’s listing of the world’s insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary 2007-2010, best reinsurance intermediary 2006-2010, best captives manager 2009-2010, and best employee benefits consulting firm 2007-2009 by the readers of Business Insurance. Visit http://www.aon.com for more information on Aon.
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.