LEHIGH VALLEY, Pa.--(BUSINESS WIRE)-- Andesa Services, Inc., a leading provider of comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers, has released a new white paper, “Harvesting Value from Closed Blocks.”
Authored by Andesa's team of life insurance and annuity professionals, the paper provides insights into the management and administration of closed blocks and discusses optimization tactics with which carriers can realize maximum return on runoff business. “Harvesting Value from Closed Blocks” (available for download here) includes actionable information on various types of in-house and third-party administration tactics, including Andesa's integrated SaaS/ASP offerings.
“Realizing sustainable return on closed blocks and runoff business can be a vexing proposition for both large and small carriers,” Andesa Services President and CEO Ron Scheese said. “Striking a clear balance between maintaining intimate customer contact and utilizing efficient, cost-effective third-party resources is key. At Andesa, we believe the SaaS/ASP model is the most powerful solution for the administration of closed blocks – especially portfolios of complicated, benefit-rich, high-maintenance policies and contracts.”
About Andesa Services
Andesa Services has been an industry leader in quality, highly efficient, integrated marketing and administrative solutions for life insurance and annuity companies and their distributors for nearly 30 years. Seven of the top 13 U.S. life insurance companies – as well as a number of the largest brokerage firms in the country – use Andesa’s suite of services to deliver superior policy administration, plan administration, reporting and illustration solutions. Andesa's client-centric solutions combine a unique ASP/TPA business model with a modern technology blueprint and exceptionally knowledgeable insurance professionals in support of open and closed blocks of individual and group insurance. To learn more about Andesa, visit www.andesaservices.com.
Source: Andesa Services, Inc.