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San Francisco, CA — Tuesday, February 27, 2001 — BenefitPoint, Inc., today announced that Fortis
Benefits Insurance Company, one of the largest group insurers in the United States, has selected
BenefitPoint as an eCommerce solution for managing the distribution of its employee benefits products.
"We look forward to using the BenefitPoint system to deliver our quality benefit solutions," said
Francis J. "Bud" Guthrie, executive vice president, Fortis Benefits Insurance Company. "BenefitPoint
provides a win-win proposition for the entire employee benefits distribution channel, enabling our
company and brokers to serve employers in real time for their employee benefits needs."
Fortis Benefits anticipates wide-ranging enhancements to the pre-sale process with the BenefitPoint system.
Fortis Benefits hopes to migrate a substantial amount of its day-to-day activities online, allowing faster
data management and communication. BenefitPoint will enable Fortis Benefits to respond to requests for
proposals and process renewals, to streamline carrier, broker and employer interactions -- all via the
Internet.
BenefitPoint's functionality also will complement Fortis Benefits' ability to perform planning, enrollment,
billing, and fulfillment. And from a strategic perspective, the BenefitPoint solution will allow Fortis
Benefits to provide customized, comprehensive information at Internet speed regarding benefits planning
across the country.
"We have built our reputation on superior service and deep insurance product distribution capabilities,"
continued Guthrie. "One of the best ways to maintain our leadership role is via modernized transactions
over the Internet. BenefitPoint gives us a tool for improved communication, representing a significant
change in existing employee benefits industry business methods."
"Fortis Benefits is recognized as a company at the forefront of embracing technology to drive its
business," said Mark A. Pulido, chairman, president, and chief executive officer of BenefitPoint.
"We are pleased to partner with an industry leader such as Fortis Benefits. We look forward to helping
them use the BenefitPoint solution to achieve optimal efficiency and increased revenues."
About Fortis Benefits Insurance Company
Fortis Benefits Insurance Company, based in Kansas City, Missouri, specializes in non-medical employee
benefits. Fortis Benefits' group product offerings include long-term and short-term disability, life and
accidental death and dismemberment coverage and dental insurance. Fortis Benefits also offers voluntary
(employee-paid) long-term and short-term disability, life and dental plans. The company's underwriting
flexibility allows Fortis Benefits to develop tailor-made benefit plans, which meet the needs of any size
group.
Fortis Benefits is part of Fortis Inc., a financial services company that, through its operating companies
and affiliates, provides specialty insurance and investment products to businesses, associations, financial
service organizations and individuals in the United States. Fortis, Inc. is part of the international
Fortis group, which operates in the fields of insurance, banking and investments. Fortis' listed companies
are Fortis (B) of Belgium and Fortis (NL) of the Netherlands.
About BenefitPoint, Inc.
BenefitPoint, Inc., delivers the leading Internet-based employee benefits infrastructure for the
distribution and management of group insurance and financial products. As the central nervous system of
the employee benefits industry, BenefitPoint provides a complete set of B2B services enabling benefits
professionals to manage the entire group health insurance and benefits lifecycle. Building on the existing
industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution
combines the efficiency of the Internet with the established distribution model of the insurance industry
to eliminate paper (saving everyone time and money), to make it possible to deliver more products and
services (giving everyone more choices), and to make better information available (enabling everyone to
make better decisions).
Since general availability in February 2000, BenefitPoint has received widespread industry adoption
from regional and national insurance carriers as well as from more than 120 of the leading U.S.-based
brokerage and consulting firms. The company, headquartered in San Francisco, CA, can be reached at
415.277.5600 or at www.benefitpoint.com.
BenefitPoint, Inc. is privately held.
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