CalcFocus signs a Carrier Contract to transform Illustration, Policy Administration, and Customer Portal experience to a new Platform including Roll-forward Migration of all Policies ever Issued

Philadelphia, PA, July 21, 2022 – CalcFocus announces a new contract to implement its cloud-hosted Forecast illustration application and Achieve policy administration application to transform a carrier’s infrastructure to future state for all prior, current, and future policies.

Products migrated include participating whole life, term life, interest sensitive whole life, deferred annuities, and immediate annuities.

The platform includes new business issue processing, billing and premium collection, accounting, policy owner services, claims processing, upstream and downstream integrations, correspondence, and reporting.

In addition, CalcFocus will supply a customer portal with extensive self-service opportunities.

“The carrier goal is a complete future state cloud solution including new product introductions,” says Bob Oakes, Chief Customer Officer, “CalcFocus is thrilled to become the backbone of the infrastructure transformation.”

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.