Life / Annuity / Health / Pension Illustration Systems


An illustration system provides a hypothetical representation of a policy that reflect the critical assumptions the insurance company used to compute the policy results. Illustration systems are frequently closely-integrated with eApplication, new business and/or policy administration systems and product rating engines. They may include connectivity with an agency management system, document creation or management capabilities, reporting tools, and may include collaboration tools. To be included in VendorMatch, the illustration solution must be offered to insurance companies and deployable on a standalone basis, i.e. without requiring licensing of any other component.
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