CalcFocus signs contract to implement a cloud-hosted Policy Administration Platform for a Southwest Voluntary Benefits Life Insurance company.

Philadelphia, PA, February 10, 2020 – CalcFocus announces it has signed its first client to implement our recently released cloud-hosted Achieve Policy Administration System for a Southwest Voluntary Benefits Life Insurance company. 

The platform includes new business, re-enrollment processing, billing and premium collection, accounting, policy owner services, agent management and commission processing, claims processing, upstream and downstream integrations, correspondence and reporting.

An employee portal will extend the CalcFocus deployed automated enrollment system to support employer/employee self-enrollment, and a self-service capability that will enable employees to view policy benefits, submit claims and view payment history.

“CalcFocus successfully deployed our cloud-hosted automated enrollment system in Q4 2019 for the carriers’ Section 125 and non-Section 125 groups.” Says Bob Oakes, Chief Customer Officer.  ”The CalcFocus team  partnered with the carrier to build well-segregated group, employee / family, and policy processing and we are excited by the carrier’s decision to leverage the CalcFocus Achieve architecture to become a comprehensive SaaS policy administration platform.”

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.