Thrivent Implements Insurance Technologies' ForeSight POS Software

Thrivent Financial for Lutherans (Minneapolis) has implemented Insurance Technologies' (Colorado Springs, Colo.) ForeSight point-of-sale software for the financial services and brokerage industries to support the company's need for an online variable annuity hypothetical and hypothetical historical sales illustration system, according to a vendor news release.

The implementation has enabled Thrivent to deploy its first variable annuity sales and marketing system, resulting increased market share among variable annuity providers, according to Insurance Technologies.

Thrivent chose ForeSight on the basis of both reputation and fit, according to the Insurance Technologies news release. Thrivent immediately recognized the potential benefit of ForeSight's illustration presentations for its sales team and investors by providing a point-of-sale resource to educate and inform financial representatives about the living benefits, death benefits, riders and investment options of Thrivent's variable annuity products, the vendor source asserts.

"By leveraging ForeSight's flexibility, Thrivent Financial for Lutherans rolled-out the solution to all of its financial representatives in 2008, as a means of improving their ease of doing business." relates David Fenimore, Insurance Technologies' CIO. "We are excited to offer ForeSight to help grow Thrivent Financial for Lutherans' variable annuity business, support its sales efforts with illustrations that are simple to generate and make a tangible impact."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio