AmerUs Life Insurance Group Expands Relationship with Fipsco.Business Editors DES PLAINES, Ill.--(BUSINESS WIRE)--May 8, 2003 AmerUs Life Insurance Group has selected the Fipsco Life Portraits(TM) Enterprise Solution (ES) to enhance its ability to market life insurance products through multiple sales channels. Fipsco, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ), is a leading developer of life insurance marketing software and solutions. A Fipsco client since 1984, AmerUs Group is a $20.3 billion organization, which markets and underwrites individual life insurance and annuity products in 50 states through five wholly-owned subsidiaries. In addition to Life Portraits ES through Fipsco, Fiserv provides AmerUs with Internet-based training through Fiserv Emerald Learning Solutions. "Life Portraits ES allows the AmerUs Life Insurance Group to support multiple distribution channels with a single system," said David Martin, Senior Vice President, Market Development, AmerUs Life Insurance Group. "This Internet and desktop system enhances our efforts to cross-sell products by providing specific product information to our life insurance agents throughout our various companies without having to build and maintain separate systems." According to Dennis Pffifner, Vice President of Sales for Fipsco, Life Portraits ES is a modular, front-end marketing system that can be tailored to support and enhance specific sales applications. The system purchased by AmerUs consists of Financial Advisors needs analysis, Quick Quotes and support for a broad array of competitive products as well as a host of features and capabilities geared to the organization's specific marketing requirements. "Life Portraits ES is an efficient, cost-effective solution for companies that maintain channel-specific product distributions because it puts cross-channel support in the field with one, easy-to-use system," said Pfiffner. 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, Life Portraits ES provides a complete solution for marketing life, health and annuity products. From needs analysis and illustrations to electronic applications and submission directly to the new business system, Life Portraits ES is available in configurations for desktop, Internet or a hybrid of both. AmerUs Group Co. (NYSE NYSE See: New York Stock Exchange :AMH AMH Abington Memorial Hospital (Abington, PA) AMH Anti-Müllerian Hormone AMH Australian Medicines Handbook AMH Automated Material Handling AMH Aviation Structural Mechanic (Hydraulics) US Navy Rating ) is located in Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, and is engaged through its subsidiaries in the business of marketing and underwriting individual life insurance and annuity products in 50 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and the U.S. Virgin Islands. Its major subsidiaries include: AmerUs Life Insurance Company, American Investors Life Insurance Company, Inc., Bankers Life Insurance Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , IL Annuity and Insurance Company, and Indianapolis Life Insurance Company. As of December 31, 2002, AmerUs Group's total assets were $20.3 billion and shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. totaled $1,262.9 million, including accumulated other comprehensive income In 1997 the Financial Accounting Standards Board issued a Statement on Financial Accounting Standards entitled “Comprehensive Income”. This statement required all income statement items to be reported either as a regular item in the income statement and or a special item as . Fiserv, Inc. (Nasdaq:FISV) provides industry leading information management systems and services to the financial industry, including transaction processing, 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 $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at www.fiserv.com. |
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