Feb 01 2012
Contract Package, Document Verification and Case Closing Checklists improvements, New SmartSearch Criteria and new Report, Adding Cases to an existing Portfolio made easier, Ability to upload document with .msg extension, Creation of Received Transactions, New "Coverage Type" field on the Policy, New Case Participant Role "Irrevocable Beneficiary" and Other Improvements.
- Changes to Contract Package and Document Verification
- New SmartSearch Criteria and new Report
- Changes to Case Closing Checklists
- New "Coverage Type" field on the Policy
- New Case Participant Role "Irrevocable Beneficiary"
- Adding Cases to an existing Portfolio made easier
- Creation of Received Transactions
- Ability to upload document with .msg extension
- Other Improvements
Release Notes are here:
Release_Notes_1_22_v2_120201.pdf
Dec 19 2011
COI interpolation, add Received Transaction on existing Cases, Send Received Cases, Split Bid History, Closing Transactions and Other Improvements.
- Allow users to specify first period COI interpolation method
- Ability to create a Received Transaction on an existing Case
- Ability to Send Received Cases
- Split Bid History
- Closing Transactions
- Other Improvements
Release Notes are here:
Release_Notes_1_21_v2_111219.pdf
Nov 22 2011
Sent, Received and Closing Transactions, Case Merging, Treatment of First Premium Payment in Illustration, Ability to change the COI curve and layout improvement, Changes to IRR calculations on Portfolio Valuation page, Allow NAIC Number in XML import, Policy Owner Type, etc.
- Allow NAIC Number for Carrier in XML import
- Policy Owner Type
- Case lists: Sent and Received
- Case lists: Closing Transactions
- Case Merging
- Treatment of First Premium Payment in Illustration
- Ability to change the COI curve and layout improvement
- Changes to IRR calculations on Portfolio Valuation page
- Pricing improvements
- Add Page Count and Size to documents
- Improve readability of XML import errors
Release Notes are here:
Release_Notes_1_20_v3_111122.pdf
Sep 22 2011
EMSI joins ClariNet™: ClearLife launches exclusive “2 for 1” offer with EMSI and ISC Services
EMSI offers life expectancy report ordering through ClariNet. Until the end of 2011, subscribers to ClariNet (including ClariNet Essentials™) can order a life expectancy report from each of EMSI and ISC on the same insured for a total price of $325.
EMSI Joins ClariNet
Examination Management Services, Inc. (EMSI) has now joined 21st Services, Fasano Associates and ISC Services on the panel of underwriters offering life expectancy report ordering through ClariNet. All four companies accept life expectancy orders directly from accounts on ClariNet and deliver the reports and associated report data straight back to those same accounts.
Mark Venn, CEO and Managing Director of ClearLife, said: “I am delighted that EMSI is now offering its life expectancy reports through ClariNet. EMSI has a range of different services for participants in the life settlements market and we very much look forward to adding those to ClariNet in the near future.”
Traci Davis, VP of Underwriting Operations at EMSI, commented: “EMSI is excited about partnering with ClearLife to offer underwriting services through ClariNet. Its unique, integrated design makes EMSI’s enhanced life expectancy information available with a single click. ClariNet affords EMSI greater exposure for its life expectancy and other services to the life settlement market.”
“2 for 1” offer on life expectancy reports
Until the end of 2011, subscribers to ClariNet (including subscribers to ClariNet Essentials, the free version) have the opportunity to order a life expectancy report from each of EMSI and ISC Services for a single price of $325. This offer is open to all ClariNet subscribers and is available exclusively through ClariNet.
Roger Tafoya, Chief Operating Officer of ISC Services, said: “As the market has matured, it has become very evident that investors need access to the full mortality curve in order to make a sensible determination of life expectancy – and the more information that is provided, the better. ClariNet subscribers have direct access to more of our underwriting information than is available through any other portal. We firmly believe that providing investors with the benefit of two views on the same insured, through the most efficient and secure platform in the life settlements market, represents a win for all concerned.”
Traci Davis added: “Offering two underwriting perspectives on a case gives prospective buyers a better sense of both value and risk. By combining EMSI’s services with those of ISC and ClearLife, we are able to offer these perspectives in the most secure and user-friendly environment possible. This is a tremendous opportunity for life settlement investors and EMSI is delighted to be part of it.”
About ClearLife
ClearLife was established in November 2007. It is not affiliated with any company involved in the life settlements and premium finance markets and does not make investment decisions on behalf of any company. ClearLife is dedicated to enhancing the quality of service available to investors, providers, brokers, agents, servicers and other participants in the longevity derivatives, life settlements and premium finance markets. ClearLife’s principals previously established and ran a business managing over US$1.25 billion in face amount of life settlements. ClearLife now offers to investors in the life settlements market the benefit of its principal’s experience, their relationships, their understanding of processes and procedures and their knowledge of risk management and risk mitigation. ClearLife performs policy and portfolio evaluation and analysis, document verification, post-purchase servicing and administration for its clients. Through ClariNet, ClearLife offers a secure platform for subscribers to store and manage their policy and portfolio information, to interact with other market participants using a common interface and set of standards, and to manage their longevity risk businesses through ClariNet’s dynamic workflow management system.
CONTACTS
Valerie Coffey, Vice President, ClearLife LP, Alexandria, VA
Tel. (703) 672 7030
Mark Venn, CEO and Managing Director, ClearLife Limited, London, United Kingdom
Tel. +44 20 7100 0600
Email: info@clearlifeltd.com
Web: www.clearlifeltd.com