Business Wire, September 5, 2013
Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced today that Primerica has selected FireLight® as the e-application business fulfillment platform for its annuity business. Primerica benefits from FireLight's ability to process tremendous volumes of business in a transaction-based economic marketplace and its scalability as a multi-carrier and multi-line business solution.
FireLight, offered under the name AnnuityPro, will be accessible to Primerica advisors through the Primerica Advisor POL portal, providing advisors a mobile accessible platform to process applications quickly and in good order. FireLight provides a user-friendly, adoptable e-application solution that utilizes existing business processes and built-in e-signature. Primerica will use FireLight to process annuity business including client onboarding documents, suitability forms and state filed forms. Primerica's orders will be routed electronically to The Depository Trust & Clearing Corporation (DTCC) as an associated firm. Additionally, FireLight uses HTML5 technology, providing a device agnostic and tablet-friendly solution, addressing the increasing need for mobile technology.
“Primerica is a large and well-respected independent broker-dealer in the space, and as such processes significant volumes of business. As Primerica's business model has evolved, it has recognized the need for a business automation platform that can support processing multiple carriers, and FireLight was their choice,” said Jim Ferrell, Vice President of FireLight Product Management.
“As we continue to improve our Investment and Savings business processes, automating our annuities application process presented a tremendous opportunity,” said Bill Nemetz, Senior Vice President. “We chose Firelight for its rapid deployment and ease of use by our field force.”
About Insurance Technologies (www.insurancetechnologies.com)
Based in Colorado Springs, Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance and financial services industries. Our product suite supplies carriers and distribution partners with accurate tools to automate and accelerate the sales process allowing more time to develop new sales opportunities. ForeSight™ is a mobile point-of-sale illustration platform that supports all aspects of the insurance sales process for multiple lines of business across diverse distribution channels with customized user experience and content branding options. FireLight® is a device-agnostic, user-friendly, easy to deploy e-application business fulfillment platform that automates any existing sales process across all lines of business facilitating straight-through processing.
About Primerica, Inc. (www.primerica.com)
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle income households in North America. Primerica representatives educate their Main Street clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. In addition, Primerica provides an entrepreneurial full or part-time business opportunity for individuals seeking to earn income by distributing the company's financial products. We insured more than 4.3 million lives and approximately 1.9 million clients maintained investment accounts with us at December 31, 2012. Primerica stock is included in the S&P MidCap 400 and the Russell 2000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.