LONDON, March 26 /Xinhua-PRNewswire/ -- 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 management needs."
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 us-info@fis-software.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 .
FIS Software, Inc
Park 80 West, Plaza II
Suite 200
Saddle Brook, NJ 07663
FIS-Software, Inc.
