NEW YORK, April 12, 2016 /PRNewswire/ -- Vitech's V3 system has been named "Greatest Group Voluntary/Worksite Solution" in a new industry report published by Aite Group. The report is the result of a comprehensive study that examined 19 policy administration offerings and included interviews with over 30 life insurance executives and PAS vendors.
In naming Vitech for this award, the report highlights V3's customer-centric design, ease of use, robust quote-to-claims functionality and broad enterprise features. The report finds that V3 is "developed for the business user rather than IT, helping to meet the needs of cost reduction, efficiency and speed to market."
"There is nothing more exciting than receiving unbiased, third-party affirmation of V3's outstanding capabilities," said Frank Vitiello, Vitech's CEO. "We are thrilled to receive this award and we are grateful to the many organizations that participated in the study."
This is V3's second industry award having previously won "Best in Class" for User Experience in a CEB TowerGroup Policy Administration System study.
Vitech Systems Group, Inc. is a leading provider of administration software to insurance, retirement and investment organizations. Vitech's V3 for Insurance software is a complete insurance administration solution. It offers quote through claim functionality across a broad spectrum of group and individual products in a in integrated, modular, contemporary technology system. For more information, please visit http://www.vitechinc.com
About Aite Group
Aite Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. http://aitegroup.com/
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SOURCE Vitech Systems Group, Inc.