Toronto, CANADA, July 12, 2004, illustrate inc, a leading developer of policy illustration solutions to the Canadian life insurance industry was recently one of eight companies analysed and profiled in an independent study conducted by Celent Communications. The report, released in June, profiles in detail the technology, overall functionality and service offerings of eight providers of illustration software to the life insurance and annuity industry in North America. In gathering information for the study, Celent examined the products and services of leading illustration system vendors and conducted client reference interviews for each participant.
The Celent report identifies trends that will drive decision-making around illustrations for the next few years, including: an emphasis on vendor-based components over totally-custom systems; continued slow migration to Web-based systems; growing interest in common calculation engines; slow consolidation on vendors that provide more robust capabilities, and; improved integration across all new business functions.
In concluding the profile of illustrate inc in the vendor report, Celent stated, “Celent believes that illustrate inc�s intense focus on client needs, the company�s expertise in the Canadian market, its philosophy of providing user-level tools, and continued improvements to its core products make the company a solid option for Canadian carriers.�
Celent Communications is a global research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Founded in 1999 by veteran financial services technology analysts, Celent is an independent firm dedicated to providing unbiased information and advise to financial services firms. For more information, please visit www.celent.com.
About illustrate inc
Founded in 1989, illustrate inc is a leading software and service provider for the Canadian life insurance industry. illustrate inc�s mission is to assist Canadian life insurance companies meet their sales and service needs through the design and delivery of modular policy illustration solutions using advanced technology. illustrate inc is a privately held company headquartered in Toronto. Working in partnership with leading insurers, illustrate inc has established a reputation for delivering innovative policy illustration solutions on time and within budget. For more information, visit the company�s web site at www.illustrateinc.com.