POMPANO BEACH, Fla. and MINNEAPOLIS, Nov. 29, 2010 (GLOBE NEWSWIRE) -- Blue Frog Solutions, a leading provider of Life & Annuity Order Management, Client Management and Compliance solutions for the insurance and financial sectors, announced today a strategic partnership with CAPITAS Financial. The partnership will integrate Blue Frog's AFFIRM technology with the CAPITAS Quick Life solution to create, "AFFIRM for Quick Life" the premier transactional life insurance platform in the industry.
Blue Frog's user-friendly order management system is designed to integrate multiple carriers' complex product rules with a distributor's processing to generate new business transactions that are "in good order."
Quick Life provides a way for financial advisors to offer, quote, and process life insurance quickly in a secure on-line environment. Once cases are submitted, the Quick Life processing center performs all quality control, processing, requirement chasing and case management on the policies to get them in force in an efficient manner. BlueFrog's AFFIRM technology will facilitate quoting with Quick Life's health analyzer, electronic applications and back office fulfillment technology.
"We could not be more excited to partner with CAPITAS," says Dan Smith, Blue Frog's President and CEO. "CAPITAS is a well-respected organization suited to work with many of our Broker-Dealer clients who are thrilled about using the Quick Life solution. We believe that this is the start of a long and rewarding business relationship."
"CAPITAS prides itself in offering the highest quality solutions and providing great service to our customers, and we believe Blue Frog shares these core values," says Blake Mohr, CEO of CAPITAS Financial. "Blue Frog's automated compliance review, and licensing and appointment check will help us expand our offerings in the broker-dealer and bank channels where CAPITAS is well established and sees huge opportunities for selling more life insurance products."
About Blue Frog Solutions:
Blue Frog Solutions (www.bluefrogsolutions.com), based in Pompano Beach, Florida, is a leading technology provider that focuses on the life insurance and financial services markets. Blue Frog offers solutions that facilitate more insurance transactions that are compliant and "In Good Order," driving increased business. To date, more than $16 billion in deposits have been processed through Blue Frog's platform. Blue Frog's products include AFFIRM for Annuities, AFFIRM for Life, InsureSocket, I-Relay and PolicyBox. We Simplify Selling Insurance!
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About CAPITAS Financial:
CAPITAS Financial, LLC (www.capitasfinancial.com) is a life insurance brokerage company that operates at both the national and local levels, offering a superior portfolio of insurance products and services, a state-of-the-art case management system and an extensive national account market. CAPITAS has more than 165 sales professionals working throughout the United States and Puerto Rico. More information on CAPITAS Quick Life is at www.CapitasQuickLife.com.