Toronto, Canada – June 11/2003 – GeniSystems.ca Services (GeniSys), a market leading Business Process Outsourcing firm specializing in policy administration solutions for the life insurance industry, announces that Gerber Life (Canada) has signed an agreement to begin utilizing GeniSys’ enterprise-wide administration solutions for their Canadian life insurance operations.
Gerber Life’s use of GeniSys’ front and back-office capabilities includes the following components:
- New business data entry
- Underwriting
- Policy issue
- Call centre support
- Premium billing, collection and accounting,
- Claims, and
- All customer fulfillment
According to Jackie Howard, Senior Vice President – Operations, “By partnering with GeniSys, we feel that we can offer state of the art service to our current valued Canadian policyholders. As for new business, we believe their expertise in the life insurance industry will help us to increase our presence in the Canadian market.”
“We are pleased that Gerber Life has selected GeniSys to be their strategic partner. Gerber Life has an outstanding reputation in direct marketing life insurance products in the U.S. and are well on their way to replicating their success in Canada. GeniSys’ bilingual capabilities are well positioned to meet Gerber Life’s current and future requirements, both for new business processing and in-force administration.” states Michael Nurse, Sr. VP of Business Development for GeniSys.
About Gerber Life
Since 1967, Gerber Life Insurance Company has provided supplementary life and health insurance policies for young families on tight budgets. As a separate subsidiary of Gerber Products, the baby products company, Gerber Life joins in their long tradition of helping parents provide for their children.
Today Gerber Life is licensed to sell insurance in Canada, the United States, and Puerto Rico. Having more than $23 billion of life insurance in force, Gerber Life covers more than two million people and offers life insurance plans for people of all ages.
About GeniSystems.ca Services
GeniSystems.ca Services is an international provider of market leading front and back-office policy administration solutions for the individual and creditor life/health insurance market. Utilizing best-of -breed technologies, re-engineered processes, and experienced life insurance staff, GeniSystems is able to provide substantial cost-savings and increased efficiencies for end-to-end policy processing.
GeniSys’ outsourced solutions allows insurance carriers to:
- Limit new technology investments,
- Alleviate onerous fixed-costs for application processing and policy administration,
- Generate revenue by focusing on their core-competencies of marketing, distribution and sales.
- Decrease time to market for new product initiatives
Founded in 2000, GeniSystems.ca Services is a privately held company headquartered in Canada. For more information please visit www.genisystems.ca
