CoVirt Inc. (Canada) today announced the next major release of VirtGate, a software solution for advisor and policy management that turns the brokerage Web site into a sales and service pipeline.

CoVirt says the enhancements solidify the software’s already dominant position as Canada’s national life insurance industry commerce solution.

“VirtGate Release Version 6.0 is fully bilingual, with each user being able to toggle between French and English on the fly. This will have a great appeal to national accounts, and to the Quebec market. No longer will the Quebec life brokerages have to spread a large annual developmental cost over a small base,” said Tim Fitzpatrick, President of CoVirt, in a release.

“We have also extended the underlying data models to accommodate the rapid addition of new product types, which we can now do in days,” he added.

“VirtGate Release Version 6.0 concentrates on the kinds of investment products that tend to be sold by insurance licensed advisors through insurance entity,” Fitzpatick explained.

As well, data from CANNEX Financial Exchanges Ltd is now available to VirtGate clients. VirtGate users are able to import daily investment fund (including seg fund) prices as well as current interest rate information for GICs, Term Deposits, GIAs, RRSPs and RRIFs, mortgages and various loan products.

Insurance advisors can use this information to advise clients as well as update and prepare summaries of client holdings.