20 Years of Illustrate inc.

News

Media Kit

For more information please
contact us.

insurance software design canada
  • Company Fact Sheet
  • Product Fact Sheet
  • Media Contact

Business

Founded in 1989, illustrate inc is a leading software and service provider for the Canadian life insurance industry. illustrate inc’s mission is to assist the industry meet its sales and service needs through the design and delivery of modular policy illustration solutions using advanced technology. The modular design of its Ultimate Engines for new business and inforce illustrations coupled with powerful development tools allow for the efficient delivery of easily customizable solutions.

illustrate inc is a privately held company headquartered in Toronto. The illustrate inc team includes actuarial staff, systems design and architecture specialists as well as experts in insurance administration system functionality, insurance product design and taxation and compliance issues. The company understands the unique needs of the life insurance industry and specializes in solving complex sales distribution and policy illustration issues. Working in partnership with leading insurers, illustrate inc has established a reputation for delivering innovative policy illustration solutions on time and within budget. For more information, visit the company’s web site at www.illustrateinc.com.

Corporate Headquarters:

Toronto, Canada

Leadership:

Zahir Dhalla, President and CEO

Company Snapshot:

  • Created multiple solutions for over 15 clients in Canada
  • Over 100 major illustration system implementations
  • Average growth rate in excess of 25% year over year in last five years
  • 14 years experience of service in the Canadian life insurance industry with demonstrated expertise in modular technology solutions , UL, actuarial consulting, taxation and compliance

Company Milestones:

1989 Company founded under the name CompAct Systems by Zahir Dhalla
1989-94 Specialized in development of custom illustration solutions for UL, term annuities, critical illness, disability and participating insurance plans. Development efforts focused on DOS-based solutions for illustration systems, insurance concepts, etc.
1995 Released first Windows-based illustration system.
1997 Released first base calculation engine and complementary components. Participated in development of CLHIA consumer protection guidelines.
2000 Formed marketing alliance with SOLCORP, aleading provider of software solutions to the life insurance industry. The two companies co-developed a pilot interface between their systems for the Individual Life Systems group of Co-operator’s Life Insurance Company.
2001 Released first real time, vendor-built inforce illustration system in Canada.
2002 Partnered with COSS Development Technologies of Mequon, WI to market, deliver and service a range of COSS desktop and web-based financial planning solutions throughout Canada. Provides COSS with local presence to provide service and support to Canadian customers.
2003 Launched first web inforce policy illustration solution.

Functionality

Comprehensive new business and inforce policy illustration solution available as a standalone desktop application or as a web-based, client/server application. Flexible and easy to use, its component-based architecture ensures rapid deployment of new products and efficient customization and update. Robust, rules-based architecture minimizes need for custom programming by allowing business users to participate in the creation of the final product. From the simplest to the most complex illustrations and concepts, the system supports a wide array of insurance products including: Whole Life, Term, UL, Annuities, Long Term Care, CI and DI and advanced concepts such as Leverage, Split Dollar, Estate Bond and Pension Maximization.

Features

  • Desktop and web-based platforms. System components include:
    Ultimate Calculation Engine – performs actuarial calculations for new business and inforce projections
    Product Business Rules Editors – allow Head Office staff to design product features and specify business
    rules
    SuperFlex Rate Files Editor – allows Head Office staff to create, maintain and update rates independently
    Ultimate Report Editor – allows Head Office staff to build custom presentations for illustration output
  • Multilingual support
  • Industry guideline-compliant
  • Interfaces to policy administration systems
  • Dynamic error handling technologies
  • Online documentation and help

Technical Highlights

  • Supported operating systems: Windows XP, Vista 32 & 64 bit
  • Development platform: Windows XP, Vista
  • Technologies and platforms: .NET 3.5, Silver Light, WPF, COM/DCOM, ASP.NET, SQL Server 2005, MS Access, Internet Explorer 6 and up
  • Languages: VC++, VB, C#, VB.NET, SQL
  • Configurations available: Client/server, web-based, standalone
  • Minimum installation requirements: 2 Ghz pentium processor 512 MB RAM, 2GB hard drive space

Media Contact

Lorne Brown
illustrate inc.
10 Four Seasons Place, Suite 500
Toronto, ON, Canada

Tel: 416-626-6230
Fax: 416-626-5302
[email protected]

10 Four Seasons Place, Suite 500, Toronto, Ontario M9B 6H7 – [p] (416) 626-6230 – [toll free] (877) 575-5510illustrate inc © 2009