Company's Annuity Operations Increases Scale and Gains Efficiencies Using Straight Through Process (STP) and Best of Breed platforms


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Source: Oracle
Date: November 2012
Type: White Paper
Rating: (1)

Overview: The "Company" examined in this White Paper is a major financial services firm offering Variable and Fixed Annuity products through six insurance manufacturers, including its own. The Company recognized the need to improve the services they provide to their advisors to spur continued growth, increase annuity product offerings, and simplify the sales process.

The distributor and their insurance partners made a commitment to move toward an automated environment. Together, they improved operations without increasing cost and implemented a configurable solution that handled complex business rules to simplify the sale and reduce Not in Good Order applications.

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