American General Financial Group Partners With BenefitPoint for Electronic Distribution of Employee Benefits Products and Services.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Nov. 15, 2001 American General to Streamline Business Transactions with Nation's Leading Brokers and Consultants BenefitPoint, Inc., the leading eInfrastructure company for the distribution and management of employee benefits, today announced that American General Financial Group has selected BenefitPoint's eCommerce platform to streamline its business processes with the nation's leading brokers and consultants online. With the elimination of time-intensive paper-based processes, American General will deliver improved customer service with the accuracy and speed realized from BenefitPoint's online application. American General is one of the premier distributors of employer-sponsored insurance solutions through the work site, providing a comprehensive and flexible portfolio of expertly managed products and services. It distributes insurance products to employees at their work site through brokers, general agents and consultants -- as well as through affinity groups A special interest group. This is a marketing term for a group of people with similar interests. and financial institution customers. This arrangement will position American General to leverage the platform, used by 150 of the top 200 brokers and consultants connected on BenefitPoint, for managing online workflows between carriers, brokers, employers and employees. "This new partnership will enable American General to supplement aggressive growth plans with the brokerage/consulting partners utilizing the BenefitPoint platform," said William Leary, senior vice president, American General. "By partnering with BenefitPoint, American General will be able to electronically respond to RFPs and renewals, to utilize the BenefitPoint application to improve sales, and to cross-sell its extensive product portfolio." "American General looks forward to utilizing this relationship," Leary added, "as a means to align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. our workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. and online communication tools with those being adopted by many of our most important brokerage customers. We feel the efficiencies from this partnership will enable us to write and retain a higher percentage of business with our BenefitPoint connected broker/consultant partners." "Clearly BenefitPoint is very excited about the relationship with American General," said John T. Scatterday, vice president of sales for BenefitPoint. "In many respects, the support generated by this industry leader demonstrates its belief in BenefitPoint's technology as a means to drive efficiencies in what is still a paper-based industry. Through the BenefitPoint platform, American General will maximize the power and speed of the Internet to deliver high quality products and services in real time." About American General American General Financial Group companies offer a broad spectrum of life insurance and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. products to serve the financial and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the needs of its customers throughout the 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. . These products are distributed through an expansive distribution network of independent producers, brokerage agencies, broker-dealers, financial institutions, career agents, credit institutions, employers and associations. Group insurance coverages are underwritten by The United States Life Insurance Company in the City 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 and American General Assurance Company, headquartered in Neptune, New Jersey Neptune, New Jersey can refer to:
American General Financial Group is a member of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc., (AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ). AIG is the leading U.S.-based international insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization and the largest underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial, personal and life insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in London, Paris, Switzerland and Tokyo. About BenefitPoint BenefitPoint delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance products. As the central nervous system of the employee benefits industry, BenefitPoint provides a complete set of industry services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. BenefitPoint provides: client management, eProcurement, online benefits communications, enrollment and administration tools, employee benefit and worksite products and analytics and data mining. Building on the existing industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to eliminate paper, to make it possible to deliver more products and services, and to make better information available. Since general availability in February 2000, the BenefitPoint platform has received widespread industry adoption from over 30 regional and national insurance carriers as well as over 160 of the leading U.S.-based brokerage and consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . BenefitPoint is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif. and may be reached at 415/277-5600 or at www.benefitpoint.com. BenefitPoint Inc. is privately held. Note to Editors: BenefitPoint is a trademark of BenefitPoint, Inc. All other company and product names mentioned here are trademarks of their respective owners. |
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