POMPANO BEACH, Fla., Jan. 4, 2008 (PRIME NEWSWIRE) -- Blue Frog Solutions, a leading provider of Annuity Order Management and Compliance Solutions, today announced that it has reached the $1 billion mark in premiums processed through the firm's AFFIRM for Annuities software solution.
"Blue Frog's order entry system has proven that it is reliable, consistent and flexible," said Garrett Pettingell, Blue Frog's CEO. "The industry's acceptance of Blue Frog's AFFIRM for Annuities solution is evident as we have seen $1 billion worth of premium processed through the system to date, and continue to see increasing volumes."
AFFIRM for Annuities is a compliance and order management system, designed to integrate an insurance Carrier's complex product rules with a Distributor's compliance processing system in order to generate transactions that are in-good-order. Compliant annuity applications are subsequently electronically submitted to Carriers for processing after successfully passing all supervisory reviews required by the Distributor.
AFFIRM meets all the requirements of Financial Industry Regulatory Authority (FINRA) Rule 2821, which becomes effective May 5th of this year.
Visit www.bluefrogsolutions.com for more information about AFFIRM for Annuities.
Blue Frog Solutions, 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.
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