CalcFocus announces a new contract to implement its cloud-hosted comprehensive policy administration platform, Achieve, for a top-tier voluntary benefits carrier. The implementation will sunset two legacy policy administration platforms plus reclaim policies that are currently administered by TPA. In addition, multiple upstream and downstream legacy integration applications will be retired.

CalcFocus’ cloud-hosted Inforce Illustration and Policy Administration platforms for the Life and Health insurance and Annuity industries successfully completed a third SOC 2 audit on December 12, 2020. The audit was conducted based on the criteria for a description of a service organization’s system as set in DC 200, 2018 Description Criteria for a Description of a Service Organization’s System in a SOC 2 ® Report (AICPA, Description Criteria).

CalcFocus is pleased to announce that a large, privately held, trusted third party administrator selected CalcFocus to manage the rollforward policy migration and quality assurance testing to convert the policy administration platform for seven carrier’s universal life and whole life plans.

CalcFocus announces a new contract to implement its comprehensive policy administration platform for a Private Placement Life Insurance Carrier that also includes continuous inforce illustration integration.