Insurance & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Policy Administration

11:58 AM
Connect Directly

CFG Goes Live on FIS Agency Management System

Implementation builds upon Columbian Financial Group's launch of FIS' ALIS policy admin system and sets the stage for conversion of in-force policies.

Binghamton, N.Y.-based Columbian Financial Group (CFG) has completed implementation of FIS's Agency Management System, a component of the Rochelle Park, N.J.-based vendor's ALIS policy administration platform.

The implementation of the FIS Agency Management System follows CFG's 2008 selection of the vendor's ALIS policy admin platform to support a strategic cost-reduction initiative aimed at consolidating the carrier's multiple legacy policy admin systems. Launch of the Agency Management System is phase two of a program that began with implementation of ALIS to support a new line of business. This phase sets the stage for conversion of the first major block of in-force policies onto ALIS, according to an FIS source.

In early 2008, CFG selected FIS's ALIS policy administration platform to support a strategic cost reduction initiative aimed at consolidating CFG's multiple legacy administration systems acquired mainly through acquisitions. In December 2008, CFG completed the first step in the consolidation initiative by going live with ALIS to support a new line of business. The second step in the initiative was to complete the AMS implementation which paves the way for the next step scheduled for later this year; the conversion of the first major block of in-force policies onto ALIS.

With FIS' Agency Management System, CFG now manages its independent agent workforce using a cost effective platform that includes licensing and appointments, account management, hierarchies, and commission management, according to the FIS source. With the completion of the data migration from CFG's legacy agency systems, FIS Agency Management System now manages CFG's 40,000 agents with 100,000 accounts.

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

Register for Insurance & Technology Newsletters