Portuguese Fraternal Society of America Chooses Andesa's Cloud-Based Suite of Life Insurance Solutions - Insurance News | InsuranceNewsNet

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October 29, 2015 Newswires
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Portuguese Fraternal Society of America Chooses Andesa’s Cloud-Based Suite of Life Insurance Solutions

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- The Portuguese Fraternal Society of America, a nationwide fraternal organization based in San Leandro, California, has selected Andesa Services, a leading provider of comprehensive, integrated solutions for life insurance and annuity carriers and producers, to provide PFSA with policy administration, illustrations, and online agent and member portals.

PFSA will convert approximately 38,000 active life insurance contracts to Andesa's secure, cloud-based administration systems. PFSA agents will be able to access member data and submit new business applications via Andesa's online agent portal, with zero paper and a process that limits data entry to one-time; with data flowing directly from the illustration to the admin system.

"We are excited at the opportunities created by this move," PFSA Executive Treasurer and CFO Helen Vieira said. "Andesa's solutions will allow us to provide policy information to existing members, bring new products to market faster via a streamlined sales cycle, mitigate risk, create efficiencies in the home office and more. We fully expect that these business process improvements will result in increased member satisfaction and sustainable growth."

"Updating to a modern and flexible technology platform can be a positive game changer for a fraternal organization," said Ron Scheese, President and CEO of Andesa Services. "Our team is beyond excited that PFSA has chosen Andesa to partner in helping achieve their business objectives."

PFSA is the second nationwide fraternal society to choose Andesa's robust, cloud-based life insurance solutions. Earlier this year, the National Catholic Society of Foresters announced its decision to move more than 30,000 active contracts to the Andesa system. About PFSA The Portuguese Fraternal Society of America is committed to drawing together families of Portuguese-American and other nationalities in the states of California, Nevada and elsewhere in the United States of America; promoting Portuguese-American cultural, social, fraternal, and charitable activities to our members, their families, and others; and issuing life insurance, annuity certificates and other products for the protection and benefit of our members and their dependents. To learn more, visit www.mypfsa.org. About Andesa Services Andesa Services provides comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers. Andesa began as a pioneer in the field of SaaS policy administration. Today, more than 30 years later, we provide seven of the top 13 life and annuity carriers and several top brokers with a comprehensive suite of services backed by decades of proven, practical expertise in the life insurance industry. Andesa's highly experienced team of U.S.-based professionals is made up of devoted client advocates who help insurers large and small save time, reduce risk and tap unrealized value.

To learn more about Andesa, visit www.andesaservices.com, or follow the company on Twitter and on LinkedIn. View source version on businesswire.com: http://www.businesswire.com/news/home/20151016005060/en/

Keywords for this news article include: Andesa Services, Insurance Companies.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2015, NewsRx LLC

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