American National Insurance Company Selects iPipeline Solution

By Rahul Arora
TMCnet Contributor

iPipeline, a company that offers on-demand marketing, selling, and processing solutions, recently announced that its AFFIRM for Annuities solution has been selected by American National Insurance Company, a provider of life and annuities products, to automate the advisor selling process. By supporting the customized workflows and streamlining the order-entry process, the solution allows financial institutions to meet their requirements for FINRA, SEC (News - Alert) and state compliance.

"The AFFIRM for Annuities compliance and order management solution was used to process nearly $16 billion in annuities in 2014, and this number continues to grow as it has become the product of choice among top-tier financial institutions. By combining the carrier's complex product rules with the institution’s compliance processing needs, iPipeline has been able to positively impact how advisors do their daily jobs while generating 100 percent 'in Good Order' transactions," said Tim Wallace, CEO, iPipeline. "American National's decision to deploy the next-generation solution speaks to the broad acceptance and use of AFFIRM in North America today. We are pleased to have American National as an AFFIRM carrier customer."

Pipeline provides the next-generation suite of sales distribution software to the insurance and financial services markets through its on-demand service. iPipeline's channel solutions for carriers, distributors, and financial institutions automate activities for health class estimation, CRM, forms distribution and processing, quotes and illustrations, e-Applications, agency management, data services, policy delivery and policy holder services, enabling the entire industry to market, sell, and process faster.

In related news, the company led the Life/Health Metacategory for Distribution in Celent's 2014 Insurance Software Deal Trend Report with 52 percent of the Deal Volume. iPipeline also ranked 8th among the 51 vendors in the 2014 "Traction Index," which Celent determined by a weighted score measuring the volume and type of agreements software companies secured for the performance period.