Sagicor Selects Insurance Technologies’ FireLight

Sagicor Life has implemented FireLight, an electronic fulfillment solution created by Insurance Technologies, a provider of sales automation solutions for the financial services industry. Sagicor Life was looking for an easy-to-deploy, flexible electronic application platform to create an end-to-end solution for their distribution partners, says Insurance Technologies.

FireLight provides straight-through processing capabilities for all lines of business from a single platform. Insurance Technologies says that, with FireLight in production, Sagicor Life's distribution partners will be able to effortlessly submit new, complete, and in good order applications to Sagicor Life's home office. With built-in business intelligence rules, FireLight will provide Sagicor Life the capability to add, create and manage forms for their whole life, UL and term life insurance products using the FireLight forms repository, accessible by their domestic distribution channels. Once completed, the application forms are submitted electronically to Sagicor Life’s back-office system for issuance.

“The selection of Insurance Technologies’ FireLight product will enable us to provide our producers with a user-friendly, comprehensive forms repository and application management solution to ease and speed up the electronic application and issuance processes,” says Mike Stricker, SVP, Sagicor Life. “With FireLight fully integrated with ForeSight, our illustration solution, any data collected at point-of-sale populates the application forms, increasing the speed at which our producers are able to successfully complete and submit applications by up to 65 percent in some cases. We expect our new automated electronic fulfillment process to reduce operational and issuance expenses for Sagicor Life’s products.”

 

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