Alfa Life Insurance Corporation Taps Fipsco for Electronic Applications Capability.Business Editors DES PLAINES Des Plaines, city, United States Des Plaines (dĕs plānz), city (1990 pop. 53,223), Cook co., NE Ill., a suburb of Chicago on the Des Plaines River; inc. 1925. Among its manufactures are chemicals and electronic equipment. , Ill.--(BUSINESS WIRE)--March 7, 2003 Fipsco, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ) and a leading developer of life insurance marketing software and solutions, announced that Alabama-based Alfa Life Insurance has selected the Fipsco Life Portraits(TM) Enterprise Solution (ES) as its life insurance marketing system. "Life Portraits ES will enable us to supply our field force with powerful electronic application capabilities, and that was a key factor in our decision," said Bill Harper William "Bill" Harper (January 19 1898 – April 1989) was a Scottish football goalkeeper. Harper was born in Tarbrax, Lanarkshire and began his career in local junior football, with Winchburgh Thistle and Edinburgh Emmett. , Senior Vice President, Life and Loan Operations, Alfa Life. "Electronically submitting forms speeds the application process, which improves our service to policyholders and saves time for our agents. This product is a key component in Alfa's efforts to streamline our sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. ." In the first phase of implementation, Life Portraits ES for Alfa Life will illustrate universal life, whole life, interest-sensitive whole life and term products, and provide electronic applications and forms as well as many other features to meet Alfa Life's marketing requirements. "Automating its life insurance sales process is a stated objective for Alfa Life, and moving to an electronic application system is a great start," said Dennis Pfiffner, Fipsco's Vice President of Sales. "Initially, Alfa Life's field force will use Life Portraits ES on the desktop, but the architecture will enable them to move easily to the Web, thanks to the versatility of the system. Our software gives Alfa a state-of-the art system that meets its automation objective today, and can grow with the company as technology and the life insurance market evolve." Life Portraits ES is the life insurance industry's premier straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. solution. Fipsco's solution provides complete illustrations for marketing life, health, and annuity products, from needs analysis and illustrations to electronic applications and submissions. Life Portraits ES is available in configurations for desktop, Internet or a hybrid of both. Alfa Life, with more than $16 billion in force, is a part of the Alfa Insurance Group (Nasdaq/NM:ALFA) based in Montgomery, Alabama Montgomery is the capital and second most populous city of the U.S. state of Alabama and the county seat of Montgomery County. Montgomery is notable for its historic involvement during the Civil War, for being the first capital of the Confederacy, and for being a primary site in . Alfa Insurance has seven property and casualty companies servicing more than 1 million insurance policies throughout the Southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Alfa can be found on the Internet at www.alfains.com. Fiserv, Inc. (Nasdaq:FISV) provides industry leading information management systems and services to the financial industry, including transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , outsourcing, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in and software and systems solutions. The company serves more than 13,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported 2002 revenues of $2.2 billion. Fiserv can be found on the Internet at www.Fiserv.com. |
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