Insurance Technology Featured Article

The Phoenix Companies Announces Newly Developed Electronic App Platform

October 02, 2012

The Phoenix Companies has announced the launch of eApp, a newly developed electronic application platform created to enhance the way advisors and brokers complete and submit fixed indexed annuity application forms.

A digital platform, Phoenix’s eApp is based on Firelight, an e-application business fulfillment solution from Insurance Technologies. The newest offering allows users to instantly submit annuity application forms via a secure Web portal rather than the traditional time consuming approach of submitting forms by mail.

Mark Fitzgerald, national sales manager at Saybrus Partners, noted that with a variety of evolving annuity products available today, it is critical for advisors to effectively communicate with their clients to provide the right products that align with their unique needs.

Additional requirements around product suitability and increased complexity of product features has increased the number of forms required to sell annuities, he said, adding that as a result, agents are spending more time completing and correcting paperwork, allowing them less time to focus on the client needs.

“With eApp, agents, brokers and advisors have an easy-to-use platform that allows them to more efficiently and accurately complete application forms,” Fitzgerald said.

Additionally, combining with the REALIZE personal retirement analysis online tool, eApp pre-fills many required data fields based on information inputted during the needs discussion and product quoting process.

Fitzgerald said that by using both eApp and the REALIZE platform, agents now have the tools to help guide them through planning conversations to determine the most suitable annuity offering.

The Phoenix Companies is a boutique life insurance and annuity company serving customers’ retirement and protection needs through select independent distributors.

Recently, the company announced capital management actions that combine debt and share repurchases and are expected to reduce its leverage while increasing book value per share (BVPS), earnings per share (EPS) and return on equity (ROE).

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Austin 2012, happening now in Austin, TX.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Rachel Ramsey

Article comments powered by Disqus

Related Insurance Technology Articles

Disruption in the Insurance Industry focus of New PwC Report

PwC report findings on disruption in New Zealand insurance markets reflective of global challenges. [ Read More ]
08/26/2015

ENT and Allergy Associates' Use of Technology Attracts New Insurance Agreements

ENT and Allergy Associates' use of advanced technology is attractive to insurers. [ Read More ]
08/25/2015

Ohio Mutual Insurance Group Selects IVANS Download to Keep Agency Partners Current

So many verticals rely on independent local agents as major sources of revenue. This is particularly true in the insurance business where the battle to get agent mind share that can translate into market share is intense to say the least. In fact, in a broad sense pleasing independent agents is identical to pleasing customers directly as creating a compelling experience is the best way for agents to feel good about recommending one insurance provider over another, most other things being equal. [ Read More ]
08/19/2015

Texas Mutual Deepens Relationship with Guidewire Software

Leading worker's compensation firm Texas Mutual increases use of Guidewire Software's solution portfolio. [ Read More ]
08/17/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!