iPipeline Reports $31 Billion in Annuity Transactions Processing for 2018

iPipeline Reports $31 Billion in Annuity Transactions Processing for 2018

EXTON, Pa.–()–iPipeline® – a leading provider of cloud-based software solutions for
the life insurance and financial services industry – today announced a
record increase in the number of annuity transactions processed using
their AFFIRM for Annuities product in 2018. AFFIRM® for Annuities is
used by the nation’s largest financial institutions and their 35,000
advisors to execute order entries for variable and fixed indexed

AFFIRM for Annuities streamlines and accelerates the order-entry process
by supporting customized workflows and suitability reviews, enabling
financial institutions to meet their stringent requirements for FINRA,
SEC and state compliance.

“A review of our 2018 processing data indicates advisor use of our
AFFIRM order entry solution has continued to trend upwards. The total
number of annuity transactions processed through AFFIRM has grown to
over 240,000 with total deposits in 2018 reaching $31 billion,” said Tim
Wallace, CEO, iPipeline. “This uptick is, in part, a testimony to the
increasing value being derived by institutional clients and their
advisors through our investments in improving the versatility and
usability of AFFIRM.”

“AFFIRM has become the software of choice among top-tier financial
institutions. Our ability to combine complex carrier product rules with
the institutions’ compliance processing needs has enabled us to
positively influence how advisors do their daily jobs, while ensuring
that only 100% ‘in Good Order’ transactions are processed,” added
Wallace. “Fixed indexed annuity sales and variable annuity assets hit
record quarterly highs according to the Insured Retirement Institute
(IRI). According to the IRI, industry-wide annuity sales hit $54.9
billion in the third quarter of 2018 with the fourth quarter results
expected to be strong. The demise of the DOL fiduciary rule last spring,
changing economic conditions, and the broadening acceptance of our
next-generation order-entry solution account for much of the increase in
transactions and total deposits.”

iPipeline’s Connections 2019 User Meeting & Conference will be held at
the Aria Resort & Casino in Las Vegas from March 17-19. To hear
outstanding keynote speakers, explore products in demonstrations, and
attend the more than 70 in-depth workshops with top executives from the
Life Insurance and Financial Services industry, register

iPipeline’s solutions are designed to enable the life insurance and
financial services industry to automate and simplify all new business,
administration, and in force management tasks to achieve desirable
business outcomes. For assistance in reimagining how your organization
does business and achieving a competitive advantage, contact sales@ipipeline.com
or call 1-800-758-0824, option 2.

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for
the life insurance and financial services industry. Through our
SaaS-based new business acquisition platform, we accelerate and simplify
sales, compliance, operations and support. We provide process automation
and seamless integration between every participant in the financial
services industry including carriers, agents, general agencies,
advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and
their consumers. Our innovative solutions enable automated processing
for pre-sales, new business and underwriting, policy administration,
point-of-sale execution of applications, post-sale support, data
analysis, reporting, consumer delivery and self-service, and agency and
firm management.

iPipeline provides the process automation and seamless integration
needed on a global basis to make a sale by aggregating more than 130
carriers, 1,300 distributors and financial institutions, and their
agents and licensed advisors in a cloud-based environment. With
headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley
(UK), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario
(CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.

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