Country Financial, a financial services company, has deployed the ALIS policy administration system from Sapiens International Corp. to support its life insurance business.
Sapiens says the initial ALIS deployment supports the Country whole life and term product lines, and represents the first phase of a multi-phased program. New business volumes are expected to rise to more than 3,000 policies per month during the next few months as Country rolls out ALIS to all of its distribution districts and channels.
Subsequent phases, some of which are already in progress, include support for long-term care, annuities, universal life, disability insurance and Medicare supplement. In-force policy conversions also are in progress, with the objective of consolidating all of the Country life, health and annuity business onto the ALIS environment, and retiring the Country legacy administration systems.
