Dual-purpose New Business/In-Force Illustration Systems
Novinsoft has leveraged our unparalleled expertise developing New Business Illustration Systems for the Canadian financial services industry in building superior In-Force Illustration Systems.

Starting with our MS.NET Illustration System Framework, we custom build to meet our clients' particular needs.

We give you options.
  • We can build a combined, dual-purpose New Business/In-Force System.
  • We can build these as separate systems.
  • We can build for Desktop and/or Internet platforms.
Combined New Business/In-Force Illustration Systems
  • Our combined New Business/In-Force Illustration Systems use a single calculation engine; New Business becomes just a subset of In-Force
  • Dual GUI - new business style to ease the learning curve, transactional for access to all possible features
  • Integrated with the client company's admin system at multiple points
The functionality is up to you. For clients such as BMO Insurance, SSQ, Equitable, and Transamerica, In-Force transactions include adding/deleting/editing:
  • UL coverages
  • Death Benefit choices and increases/decreases
  • Riders and Benefits
  • COI options
  • Switch to non-smoker
  • Adding or stopping Maximizer/Optimizer-type options
  • Reinvesting in different funds
  • Switch YRT to Level
  • Lump Sum Deposits
  • Multiple Scenarios
  • Override Surrender Charges, Policy Fees, COI, and Loan Details
  • And more...
Self-Maintenance Tools As an option Novinsoft can provide tools such as Plan Code Database and Auto Rates Generator that allow client companies to do some of the maintenance themselves - thus saving more time and money. Just like our powerful New Business Systems, our In-Force Systems offer full spreadsheet and custom reporting capabilities; as well as importing all the required policy information from Ingenium or other administration systems.Significant dollars can be saved if we develop both your In-Force and New Business Systems. For more information, or a demonstration, please contact Neil Menear.
ADVANTAGES
of our Dual-purpose New Business/In-Force Illustration Systems
  • One calculation engine means significantly less testing
  • The In-Force GUI is very much the same as the Sales Illustration System. Therefore no extra training is required. It’s easy to use
  • Fast products/rates update: same pointers/rates files
  • Less on-going programming and lower maintenance costs
  • Reduced risk of errors
  • Less time to get In-Force to the field
  • Easier to take advantage of New Business-type functionality
NovinNEWS
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20th Anniversary Client Meeting
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