New York based insurer Columbian Financial Group (CFG) has expanded the usage of FIS Software's ALIS Policy Administration System across its organization.
CFG is now using FIS’ ALIS platform to sell and administer CFG’s single-pay and multi-pay pre-need insurance, a new universal life product, and its final expense product.
Initially, the software was used with CFG’s single premium whole life product. The project included the conversion of a block of approximately 170,000 policies. ALIS is also being used to manage CFG’s 40,000+ independent agents.
The CFG and FIS teams are now working to consolidate CFG’s remaining legacy environments with two conversions slated for completion within the next year, all while CFG continues to introduce new products using ALIS’s straight through processing (STP) and improved workflow efficiencies.
Future CFG implementation plans include the continued introduction of new products, consolidation of all debit business, as well as providing CFG agents access to information from ALIS via iPhone, Android and BlackBerry.
According to the FIS Software, the ALIS offers CFG with a turnkey solution that supports the complete life cycle of a policy, including: illustrations and quoting, new business processing, forms management, underwriting, reinsurance, billing and collections, customer service, claims management, agency management and accounting.
The system is fully compliant with US regulatory requirements and with Sarbanes-Oxley. The Agency Management component is fully integrated within the ALIS solution and can also be deployed as a stand-alone enterprise level agency management system independent of the policy administration system.