POMPANO BEACH, Fla., and RENO, Nev., Oct. 14, 2009 (GLOBE NEWSWIRE) -- Blue Frog Solutions, a leading provider of Life & Annuity Order Management and Compliance Solutions for the life insurance and annuities industry, has entered into a strategic partnership with financial technology solution provider Applicint, Inc.
Under the agreement, Blue Frog Solutions will incorporate Applicint's unique Digital App and Digital Paramed software in its new AFFIRM(R) for Life offering, which is scheduled to be released in the second quarter of 2010. Blue Frog's AFFIRM(TM) for Annuities, a compliance and order management system designed to integrate a carrier's complex product rules with a distributor's compliance processing to generate transactions that are in good order, has enjoyed widespread industry adoption. Well over $1 billion in annuity premiums have been processed using this industry-leading solution.
Applicint's Digital Paramed, an end-to-end electronic paramedical solution, fully automates the entire medical underwriting process. Paramedical professionals are able to electronically transmit all Part B life insurance applications using laptops, facilitating and expediting the application process and dramatically reducing error rates.
"This partnership will take Blue Frog Solutions into the life insurance space with the power and cutting-edge technology that it has provided to the annuities space," says Dan Smith, president and CEO of Blue Frog Solutions.
"We are pleased to be entering into this strategic partnership with Blue Frog and working to create a joint solution that will offer significant benefits to the insurance industry," says Steve Gerber, Applicint's President.
About Blue Frog Solutions
Blue Frog Solutions, www.bluefrogsolutions.com, based in Pompano Beach, Florida, is a leading technology solutions provider and business processing outsourcing (BPO) firm that focuses on the life, annuities and long-term care market. Blue Frog automates both front and back end business processes between carriers and distributors with a focus on compliance to create automated business process efficiencies. Blue Frog's solutions are based on the firm's flagship ADMServer Framework software suite. As one of the largest providers of ACORD-based transactions and DTCC solutions, Blue Frog currently provides ADMServer solutions to more than 60 percent of the top 40 life and annuity companies and many of the largest distributors in the U.S.
About Applicint
Applicint is a technology company founded in 2003 that works with knowledgeable motivated clients to implement interesting creative Web 2.0 projects in the insurance and financial services marketplace. Applicint's solutions are being used by a growing list of carriers, banks, brokers, TPAs, and paramedical companies to drive revenue and dramatically reduce the cost of new customer acquisition and processing for their life, health, LTC, disability, annuity and mutual funds products. The founders of Applicint have been deeply involved in the insurance industry since 1992. For more information, visit www.applicintinc.com.
The Blue Frog Solutions logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=707