CalcFocus signs Leading Life Carrier to implement Inforce Illustrations for all products from Ten Legacy Policy Administration Platforms, and to support roll-forward Migration and policy value Accuracy Validation for a new Target Policy Administration System

Philadelphia, PA, November 1, 2021 – CalcFocus announces a new contract to implement its cloud-hosted Forecast inforce illustration application for a leading life carrier. All historic generations of participating whole life, universal life, variable universal life, and variable life products are in scope. Real-time integration with ten carrier legacy policy administration systems and carrier enterprise document distribution creates a single carrier inforce illustration service while all policies are migrated to a new target policy administration platform.

The new target policy administration will leverage CalcFocus’ Forecast Inforce Illustration and Achieve Policy Administration components for real-time transaction integrations, including for annual reporting web services.

CalcFocus’ roll-forward policy migration methodology will be used to ensure that the target platform can match results replicating real-life legacy platform financial events; and that the target platform can perform all required future policy processing and all upstream and downstream integration and reporting based on CalcFocus’ automated policy value validations.

“This project creates a new, accurate current state for inforce illustrations as well as the future state for the policy administration target platform, including integrated projections for policy correspondence and annual reporting”, says Bob Oakes, Chief Customer Officer, “plus, CalcFocus appreciates carrier confidence that CalcFocus’ automated roll-forward and policy value validation tools will accelerate successful policy migration to target policy administration.”

CalcFocus was founded in 2013 by a group of insurance technology veterans in response to seismic changes in the life and annuity industry landscape. CalcFocus Forecast Illustration and Achieve Administration products are cloud-hosted web services to augment or replace selected legacy illustration and policy administration functionality; and CalcFocus services may be orchestrated to become a comprehensive enterprise policy administration and illustration platform. The CalcFocus platform was designed with a pragmatic approach to configurability and a dogmatic approach to quality. Learn more at www.calcfocus.com.