POMPANO BEACH, Fla., Jan. 29, 2010 (GLOBE NEWSWIRE) -- Blue Frog Solutions, a leading provider of Life & Annuity Order Management, Client Management and Compliance solutions for the insurance and financial sectors, today announced it has filed and been awarded patent pending status for its PolicyBox product, an electronic policy and post issue document delivery system.
This patent recognizes the dynamic customization capability allowing users, at all levels of the distribution channel, to uniquely brand and add supplemental documents to the policy that more accurately matches and automates their manual process.
PolicyBox was designed specifically for the insurance and financial services industries. The system provides ultimate flexibility, supporting virtually any workflow scenario of the distribution channel. Users can mimic their existing workflows through an electronic process that dramatically reduces the time and cost associated with paper-based processes.
“It is very exciting to be granted a patent pending status for PolicyBox. This underscores Blue Frog’s long-standing commitment to innovation and creating efficient tools for our industry,” says Dan Smith, CEO, Blue Frog Solutions. “We are confident that the system will provide Blue Frog’s customers functionality that no other electronic policy and post issue delivery system can provide -- customized workflow, marketing abilities, and ultimately better adoption.”
Roy Goodart, Vice President of Sales and Marketing, said, “We at Blue Frog know adoption of electronic solutions, like PolicyBox, will be key drivers to making real change within our industry. To this end we have surveyed and spoken to thousands of producers, general agencies, and insurance carriers to ensure PolicyBox will meet their needs and help them attain their goals. Nearly all have agreed that the platform is one of the most well thought out, designed, and easy to use systems they have seen in the market place.”
Key benefits of PolicyBox:
- The ability to uniquely brand the experience to the user’s customer regardless of who they may be -- General Agency, Producer, or Consumer
- At the General Agency and Producer level, the ability to aggregate all of the user’s carriers and policies into a single tool which eliminates the need for multiple logins and speeds adoption rates
- Reduced cost and time associated with manual processes
- Robust Rules engine that allows for virtually any workflow at any level of the hierarchy
- E-signature solution that has been approved by the industry-leading law firm Locke Lord Bissell & Liddell
- Promotes social responsibility and “Green” efforts that support our environment
For more information on PolicyBox, contact Roy Goodart at 800-908-9707 or rgoodart@bluefrogsolutions.com. Ask about our “Going Green” initiative and learn how portions of PolicyBox revenue go to support this effort.
About Blue Frog Solutions:
Blue Frog Solutions (www.bluefrogsolutions.com), based in Pompano Beach, Florida, is a leading technology solutions provider that focuses on the life insurance and financial services markets. Blue Frog offers solutions that facilitate more insurance transactions that are compliant and “In Good Order,” driving increased business. To date, more than $16 billion in deposits have been processed through Blue Frog’s AFFIRM platform. Blue Frog’s products include Affirm for Annuities, Affirm for Life, InsureSocket, I-Relay and PolicyBox. We simplify selling insurance.
The Blue Frog Solutions logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=707