iPipeline Reports AFFIRM Platform Processed 200,000 Annuity Transactions in 2016

  • iPipeline

Exton, PA (January 19, 2017) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and annuity industry– today reported its AFFIRM® Order Entry Platform processed approximately 200,000 annuity transactions in 2016. The AFFIRM Platform is an order entry system used by the nation’s largest and most respected financial institutions to extend the digital buying and selling journey for advisers. AFFIRM is a deeply integrated platform that enables and supports customized workflows and suitability reviews to ensure FINRA, SEC and state compliance.

“In 2016, we continued to invest heavily in R&D to enhance the AFFIRM Platform and ensure its reliability and success for our current and future customers. We recognize the industry is changing and that we need to evolve the platform to address current technology and security demands,” said Tim Wallace, CEO, iPipeline. “In 2016, we enhanced the architecture, migrated our servers, and continued efforts to modernize the platform by upgrading to the latest version of ACORD to support Department of Labor (DOL) data standards for Product Profiles for Annuities (PPfAs) and industry standard data. We also continued to provide distributors additional self-service functionality and additional tools to craft a deeply integrated and customized user experience.” 

“While reliability is key to transaction execution, maintenance of secure platforms is top-of-mind for our customers, so we also invested an additional $2 million in 2016 to protect clients against potentially harmful threats,” added Wallace. “All of the ‘bells and whistles’ in the world are meaningless if transactions cannot be executed by advisers with high confidence. Our investments will continue to improve what we believe is the best-in-class platform within the industry.”

AFFIRM provides the functionality of a wizard-based user interface with uniformity across all insurer products to optimize an adviser’s daily experience and productivity. AFFIRM supports the selling and processing of annuity and life products and is easily configured to support the unique workflows required by many of the nation’s leading financial institutions.

Core capabilities and distinguishing features include:

  • Wizard (not forms-based) user experience
  • Multi-carrier order entry for annuities and life
  • Fully configurable suitability and compliance options
  • Integration with comparison tools
  • Configurable distributor screens and questions
  • Service-enabled to integrate with adviser’s existing desktop experience
  • Driven by industry standard-based PPfA product definitions
  • Pre-built DTCC™ connectivity to carriers

To learn how you can implement iPipeline’s AFFIRM solution to support your selling and processing needs for annuity and life products, visit us here and contact sales@ipipeline.com or call 1-800-758-0824, option 2.

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for the life insurance industry. Through our SaaS solutions, we accelerate and simplify insurance sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers and general agencies) and consumers. Our innovative solutions enable automated processing for pre-sales, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.

iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 120 carriers, 875 distributors and financial institutions, and their producers and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Cheltenham (UK), Fort Lauderdale, Huntersville, Philadelphia, Salt Lake City, and Vancouver. Save the date for iPipeline’s Connections 2017 User Meeting & Conference on March 15-17 at the ARIA in Las Vegas. Visit www.ipipeline.ca.

For iPipeline:
Lisa Shea