LONDON, March 26 /CNW/ - FIS Software is pleased to announce that
Columbian Financial Group (CFG) in Binghamton, NY has selected ALIS as its
strategic policy administration platform. CFG will utilise ALIS to support its
new business initiatives as well as its in-force policies. ALIS will
administer the insurer's complete product offering including participating and
non-participating whole life, pre-need, final expense, universal life,
annuities and worksite.
"Following a very thorough system evaluation that included the highest
rated policy administration systems on the market today, we are pleased to
have been selected for this important initiative," says Ron Karam, President
FIS Software, Inc. "CFG has been a great partner and with our project teams
now fully engaged and with a clear set of objectives, I am confident we will
have a successful implementation later this year."
"After we evaluated the flexibility of ALIS and compared it with other
packages, it proved to be best solution for our organisation," Says Peggy
Rubin, Senior Vice President at CFG, "ALIS has rich functionality and provides
a robust set of configuration tools that will allow us to be self-sufficient
to support our future new business, policy administration and agency
ALIS will be at the core of the company's strategic initiative to improve
operational efficiency by enabling CFG to rapidly introduce new products and
streamline its business processes by modernizing the infrastructure and
consolidating a web of legacy solutions.
CFG will utilise all ALIS straight-through-processing components
including quotations, illustrations, underwriting, reinsurance, billing and
collections, customer service and claims. All components are configurable and
share a common set of product, business process and workflow rules. CFG will
also implement ALIS Agency Management system, a robust enterprise level
solution for managing agent information, commissions and statements. With the
project in full gear, ALIS will be live for new business later in 2008 with
the first legacy system conversion following one to two months later.
About FIS Software
FIS Software is dedicated to developing and delivering enterprise Policy
Administration System solutions that enable life, annuity and pension
providers to maximise top line growth and operational efficiency. The
company's flagship product, ALIS, is a functionally rich and technologically
advanced global software package, which manages the entire lifecycle of all
life insurance, annuity and pensions products. FIS Software employs over 380
insurance and IT experts across operations in the US, UK, India, France,
Belgium, Spain, Bulgaria, Israel, Greece, Vietnam and Australia. For more
information please visit the FIS website at http://www.fis-software.com or
email us at email@example.com. Our offices are located at Park 80 West,
Plaza II, Suite 200, Saddle Brook NJ 07663.
About Columbian Financial Group
The Columbian Financial Group of companies, which includes Columbian
Mutual Life Insurance Company, Columbian Life Insurance Company, National
Safety Life Insurance Company and other affiliated companies within the
corporate family, is based in Binghamton, New York. Columbian Mutual, the
parent company in the group, this year celebrated its 125th year of providing
quality protection to its policyholders. Columbian maintains a solid financial
and investment posture and offers consumer-oriented products designed for
family and business life insurance needs. For more information please visit
the Columbian Financial Group website at http://www.cfglife.com.
Source: FIS Software Ltd.
For further information:
For further information: FIS Software, Inc, Park 80 West, Plaza II,
Suite 200, Saddle Brook, NJ 07663, FIS-Software, Inc.; Graham Newman,
+44(0)2920-448600, Head Office Reception, firstname.lastname@example.org,