COLORADO SPRINGS, Colo., June 20, 2016 (GLOBE NEWSWIRE) -- Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced today the implementation of FireLight® e-application solution for Annexus. Annexus is a leading fixed indexed annuity and indexed universal life product developer who partners with top insurance carriers to provide retirement savings solutions that offer both growth and protection of retirement assets, as well as a source of guaranteed lifetime income. Annexus products are distributed through an exclusive network of Independent Marketing Organizations, financial institutions and broker dealers. FireLight delivers Annexus flexibility and functionality that adapts to their unique distribution workflow, providing an automated and accelerated way to process the sale of their proprietary products across multiple carriers.
The features of FireLight complement Annexus’ strategy to deliver cutting-edge tools to financial advisors and Independent Marketing Organizations to grow their business and assist in providing their clients innovative retirement solutions. With unique integration points and single sign-on from the MyAnnexus portal, FireLight auto-populates existing client data into the up-to-date carrier defined applications associated with the selected product, simplifying the application and submission process.
FireLight corresponds to the unique structure of Annexus by providing User Share capabilities, allowing marketers and financial advisors to work collectively to capture and submit in good order business quickly and efficiently. With integral web service communication between Annexus and FireLight, users will automatically be provided access to the FireLight platform as distribution and marketer relationships advance, abridging the process to add users on the platform manually, including during User Share instances.
FireLight leverages the accustomed carrier applications providing advisors an intuitive and familiar progression from paper to electronic. With built-in multiple e-signature capture options including tablet-based e-signature, mobile support and connected/disconnected functionality, Annexus will provide their salesforce an innovative way to capture and close sales quickly with FireLight.
“We are excited to be selected by a company as innovative as Annexus,” said Jim Ferrell, Vice President of Business Development. “Annexus has established unique and extensive industry relationships and we are happy to provide the FireLight platform that delivers them the flexibility to support their diverse channels and advanced technology capabilities.”
About Annexus (www.annexus.com)
Founded in 2006, Annexus has quickly grown to become a leading designer and marketer of fixed indexed annuity and indexed universal life products. Annexus’ success is founded on product innovation to better serve clients and strengthen distribution relationships. Working with product development partner Genesis Financial, Annexus brings highly specialized risk management capabilities that enhance a carrier’s ability to underwrite indexed products. The Annexus product development team has worked together with Genesis to create the next-generation of pricing and hedging methodologies in living benefits and principal-protected retirement products, collectively earning 15 patents to date.
About Insurance Technologies (www.insurancetechnologies.com)
Based in Colorado Springs, Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industries. Our product suite supplies carriers and distribution partners accurate tools to automate and accelerate the sales process allowing more time to develop new sales opportunities. ForeSight® is a mobile point-of-sale illustration platform that supports all aspects of the insurance sales process for multiple lines of business across diverse distribution channels with customized user experience and content branding options. FireLight® is a device-agnostic, user-friendly, easy to deploy e-application business fulfillment platform that automates any existing sales process across all lines of business facilitating straight-through processing.
Source: Insurance Technologies; Annexus