Major National Insurer Licenses V3 System

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Jun 04, 2015, 01:35 ET

NEW YORK, June 4, 2015 /PRNewswire/ -- Vitech Systems Group, a leading provider of administration software to insurance, retirement and investment organizations, announced today that a major national insurer has licensed the V3^® software for policy administration, billing and claims processing.

The license covers group, voluntary and worksite products including accident, illness, hospitalization, health, disability and life benefits in all 50 states across a large in-house user base supporting millions of policies.

The V3 System^® was selected for its unique ability to support the full spectrum of group benefit products across all major business functions on a single, integrated platform. The installed system will allow for the consolidation of legacy systems while dramatically enhancing customer service offerings and expanding operating capabilities and flexibility.

"We are pleased to welcome this premier organization to our family of clients," said Frank Vitiello, Vitech's CEO, "Its selection of the V3 System speaks directly to the platform's ability to help leading insurers better serve their customers and advance their competitive positions in the face of rapidly evolving market demands."

The V3 System is a highly configurable, fully integrated, rules-based administration solution that supports the unique needs of group insurance carriers. It is used by a wide array of insurance and benefit organizations to improve speed and accuracy, expand operating capabilities, improve service levels and flexibly respond to customer and market demands.

About Vitech Systems Group, Inc.

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. For more information, please visit www.vitechinc.com.

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SOURCE Vitech Systems Group, Inc.