April 23, 2018 6:12 AM ET

Software

Company Overview of Vitech Systems Group, Inc.

Company Overview

Vitech Systems Group, Inc. provides administration software to pension, investment, insurance, and health plan administrators worldwide. The company offers V3 System, a browser-based, Java/Oracle, software application that is deployed as an on-premise application or as a hosted or cloud-based solution. Its V3 System enables pension funds and administrators to address the administration requirements, including enrollment, payroll reporting, contributions processing, benefits calculations, benefits payroll, and investment administration; provides insurance organizations with contract, policy, enrollment, billing, pension, annuity, investment, and claim capabilities in a single, integrated appl...

401 Park Avenue South

New York, NY 10016

United States

Founded in 1996

Phone:

212-868-0900

Fax:

212-868-9798

Key Executives for Vitech Systems Group, Inc.

Chief Executive Officer and President
Executive Vice President
Director of Investment Solutions
Associate Director of Global Talent Acquisition
Senior Vice President of Sales
Compensation as of Fiscal Year 2017.

Vitech Systems Group, Inc. Key Developments

Manulife's Canadian Subsidiary Licenses Vitech's V3 Software

Manulife's Canadian subsidiary has licensed Vitech's V3® software as a new insurance administration solution for the Canadian Group Benefits business. V3 is a complete quote to claim solution that supports a broad range of group and individual insurance products including health, dental, life, disability, vision and other similar offerings. The solution will be leveraged across Manulife's Group Benefits business in a phased multi-year roadmap with Vitech as both software provider and system integrator. Manulife selected Vitech and V3 based on the software's functional capabilities and technical underpinnings; and based on Vitech's experience and capabilities as an insurance solutions integrator. Vitech and V3 will support the focus on providing customers and distribution partners with a seamless, fast and accurate customer experience.

UFCW & Employers Trust, LLC Goes Live with Vitech' V3

Vitech announced that the benefit plans of the UFCW & Employers Trust, LLC (UFCW Trust) have gone live with their new V3 system, running in Vitech's V3 Cloud. The new system supports a range of core and ancillary benefits across a large base of groups and participants. Delivered functionality includes enrollment & eligibility, billing & remittance, direct pay, core administration, claims processing & payments, tax reporting, and financial accounting.

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