Aspida Chooses FireLight to Help Power Annuity Sales

Aspida will use FireLight platform to help distribute suite of annuity products to broker-dealer channel.

(Image source: Aspida homepage.)

Aspida Life Insurance Company (Durham, N.C.), a life insurance and annuity company, has selected Insurance Technologies’ (Colorado Springs, Colo.) digital sales platform FireLight to help distribute its WealthLock suite of annuity products to the broker-dealer channel.

Clint Moore, COO, Insurance Technologies.

Carriers and distributors use the multi-carrier platform FireLight to create and enable a seamless sales experience for their advisors and consumers, according to an Insurance Technologies statement. The vendor says that FireLight powers easy, digital data collection; improves in-good-order sales; increases efficiency; and meets regulatory requirements.

“We’re excited to partner with Aspida and help power their growth in the broker-dealer channel,” comments Clint Moore, COO, Insurance Technologies. “Aspida’s dedication to technology helps them deliver their products with a simple, easy, and quick process. FireLight checks all those boxes and will help support them as they continue to grow in the broker-dealer channel.”

The vendor statement says the FireLight platform suits Aspida’s goal of being a tech-leading, agile insurance company that provides retirement solutions with speed, simplicity and security aligns well with the features–and flexibility.

Platform to Complement Strategy and Enhance Capabilities

Sol Osterkatz, CTO, Aspida.

“When we decided to enter the broker-dealer channel with our WealthLock suite of annuities, we wanted to make sure we chose a platform that would complement our strategy and enhance our capabilities,” comments Sol Osterkatz, CTO, Aspida. “With a number of broker-dealers already using FireLight for their annuity e-Applications for the flexibility it provides, FireLight was an excellent choice for us as we continue to grow and help our clients achieve and protect dreams.”

Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), provides retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $4.4 billion as of June 30, 2022. Aspida, through its U.S. platform, Aspida Life Insurance Company, is focused on leveraging technology and acting with agility to help clients achieve–and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions.

Ibexis Life & Annuity Chooses Insurance Technologies FireLight 

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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