Kemper and CyberTek Partner to Accelerate Insurance Business Operations Over the Internet

Strategic Insights -

Federal Kemper Life Assurance Company and CyberTek Corporation, a subsidiary of Policy Management Systems Corporation (PMSC), have entered into an agreement to become a beta site for conducting secure business transactions over the Internet using CyberTek's Virtual Insurance Link products. This partnership will enable Kemper to communicate with its distribution points, including general agents, agents, service providers, and consumers, through a single communication medium. The information to be made available over the Internet includes policy application status, policy data inquiry, forms on demand, electronic commission statements, automated software updates, and current insurance product descriptions.

Key Takeaways:

  • Federal Kemper Life Assurance Company and CyberTek Corporation have signed an agreement to become a beta site for conducting secure business transactions over the Internet using CyberTek's Virtual Insurance Link products.
  • The partnership will enable Kemper to communicate with its distribution points, including general agents, agents, service providers, and consumers, through a single communication medium.
  • The information to be made available over the Internet includes policy application status, policy data inquiry, forms on demand, electronic commission statements, automated software updates, and current insurance product descriptions.
  • This agreement is consistent with Kemper's long-term commitment to delivering high-quality service to brokers and general agents while maintaining control over expenses.
  • The partnership is a result of CyberTek's long-standing relationship with Kemper as its technology partner.
  • The merger of CyberTek and ViLink technologies will accelerate the availability of Internet-based enterprise solutions and provide significant benefits to clients.
  • Policy Management Systems Corporation (PMSC), the parent company of CyberTek, has more than 5,000 employees worldwide and is a leading provider of application software and information services to the global insurance industry.

Statistics:

  • 5,000: the number of employees worldwide working for Policy Management Systems Corporation (PMSC).
  • Dec. 5: the date the agreement between Federal Kemper Life Assurance Company and CyberTek Corporation was announced.

Sources:

  • PR Newswire (Dec. 5)
  • Policy Management Systems Corporation (PMSC)