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

Maryland Health Care Website to be Rebuilt

The rollout of the Affordable Care Act last year, known more widely as Obamacare, was driven, in part, by the accompanying website, Healthcare.gov. The national site ran into major technical problems from its inception, and the state exchange sites that worked alongside it were often no better. Many crashed because of server load malfunctions, and they ended up providing users with poor overall experiences that ultimately hindered, more than helped, their access to proper healthcare. [ Read More ]
08/21/2014

Summer Camp: A Paying Gig for Young App Testers

For most people, the thought of summer camp involves nature trails, canoeing, and for those of us raised on summer camp movies, payback delivered to the snooty camp across the lake or even burgeoning romance. But one summer camp actually puts young people's imaginations to work by testing apps and the like, and even going so far as to pay said young people for the time and effort involved. [ Read More ]
08/18/2014

Cyber Risk Insurance - Bridging the Gap between Insurance Providers and Companies Insured

The hottest topic in the insurance world today is "cyber risk insurance", or coverage for the response to and fallout from cyber crime and breaches. As Reuters recently highlighted, the cyber insurance market is set to double in 2014 over 2013 - heady times indeed for a traditionally slow-growth industry in search of new markets. [ Read More ]
08/14/2014

Usage of Telemedicine to Increase in US, says Towers Watson

Telemedicine technology is catching up very fast all over the world, making use of IT to exchange medical data to deliver consultations, procedures, exams and monitoring services over vast geographic distances. [ Read More ]
08/12/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!