In the last couple of months we’ve been involved in client projects that have expanded our expertise and services, and allows us to offer additional capabilities to all of our clients.

Novinsoft helped Transamerica Life Canada to adapt their Illustration System for Challenger Universal Life to provide In-Force Illustrations according to CLHIA guidelines. We are currently developing In-Force Illustration Systems for other companies as well.

Version 4.0 of the AIG WAVE Illustration System was released in April. Along with a slew of other changes and additions, this release included new funds, additional interest rate choices, new marketing information, added Death Benefit options, Underwriting changes, and new spreadsheet columns.

Assante Estate and Insurance Services sent out a new release of the Assante Concept software. This release included the updated Illustration Systems of their preferred Insurance carriers.

Novinsoft is now a Life Standards Participant in ACORD. Working with Manulife Financial we will be adopting the ACORD XML for Life Insurance standards.

XML enables the seamless exchange of data between different applications and operating systems. It achieves this by defining a way for developers to easily describe and deliver rich, structured data from any application in a standard consistent way. For more information on XML for Life Insurance check the ACORD website at www.acord.org.

We look forward to offering this capability to all of our clients.