Tier 1 U.S. Insurance Carrier Selects V3 for Insurance Administration

NEW YORK, Dec. 15, 2017 /PRNewswire/ -- Vitech, a leading provider of insurance administration software, announced today that another Tier 1 insurance carrier has selected Vitech's V3^® software as its new insurance administration solution. The carrier is based in the United States and administers over $1 trillion in coverage.

The carrier will use V3 for policy administration, enrollment, billing, payment processing and customer service across an array of insurance products including life, disability, accident, critical illness and hospitalization. The solution will be deployed via a multi-phase rollout using Vitech's Agile methodology. Vitech is both the software provider and integration partner.

"We are thrilled to be selected to support this prominent carrier's business transformation and ongoing mission-critical operations," said Frank Vitiello, Vitech's CEO. "Our V3 software will allow the carrier to modernize its systems and enable the delivery of a world class customer experience for many years to come."

V3 is a scalable and configurable administration software that addresses the complex needs of insurance, retirement, and investment organizations. It is an award winning, contemporary technology solution available for on-premise or cloud-based deployments.

About Vitech^®

Vitech Systems Group, Inc. is a leading provider of administration software to insurance, retirement and investment organizations. Vitech provides its clients with proprietary enterprise software, related implementation services and ongoing support, and offers a cloud-based application hosting option. For more information, please visit http://www.vitechinc.com.

SOURCE Vitech