Selection Will Support Entry Into the Group Voluntary Benefits Market
Vitech Systems Group announced that Trustmark Voluntary Benefits has selected Vitech’s V3locity as its cloud-based administration platform to support its entry into the group/voluntary benefits market in 2021.
Trustmark will initially use V3locity to administer Critical Illness, Accident, and Hospital Indemnity, following with Life Insurance products to its group insurance clients, and will leverage V3locity CoreAdmin’s full quote-to-claim capabilities, which includes quoting, rating, onboarding, enrollment, policy administration, b******, commissions, and claims. Trustmark will also use V3locity’s native enterprise capabilities, including workflow, CRM, and imaging, and V3locity Digital for employees, employers and brokers.
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Trustmark chose Vitech based on its proven experience in rapid, successful implementations for group/voluntary benefits insurers that leverages Vitech’s accelerated approach and pre-configured products and processes. Additionally, V3locity’s cloud-native architecture, its robust out-of-the-box capabilities, and its highly personalized digital experiences for all key personas in the insurance lifecycle made Vitech the choice for Trustmark’s group/voluntary benefits administration needs.
“We are excited about the opportunities that V3locity will create for us as we help enhance the benefits protection employers offer their employees,” said John Anderson, EVP, Voluntary & Small Business Benefits at Trustmark. “And we are confident that our partnership with Vitech will help us accomplish our goal of rapidly entering, competing and succeeding in the group/voluntary benefits market. This solution, combined with our 100—plus years of responsive, accountable service, will also help ensure our client’s continued success.”
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V3locity is Vitech’s cloud-based administration, engagement, and analytics platform. It is a transformative suite of complementary applications that offers full life cycle business functionality and robust enterprise capabilities. It marries core administration with a revolutionary digital experience. Its modular design enables flexible, agile deployment strategies. V3locity employs an advanced, cloud-native architecture that leverages the unique capabilities of AWS to deliver a solution with unparalleled security, scalability, and resiliency.
“We are thrilled to play such a significant role in helping Trustmark launch their group/voluntary benefits business,” said Frank Vitiello, Vitech’s CEO. “We look forward to helping Trustmark build a successful business, create a technology enabled operation, and provide an effortless digital experience to their customers.”
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