The acquisition expands the vendor’s product depth, growth potential while bringing domain knowledge as insurers seek voluntary benefit growth underpinned by successful digital and business transformation.
Vesttoo uses AI and machine learning to forecast and price long-tail risks such as longevity, excess mortality, lapse and transfer them to the capital markets.
The acquisition will enable growth and expansion of Convergent’s flagship offering, the UV Cloud pricing and trading platform.
The integrated modules provide digital, end-to-end experience and advanced self-sufficiency for agents and brokers.
Prudential’s focus on engaging financial wellness education and tools leads to ‘unique synergy’ with Welltok and its employee activation platform.
Schultis will lead the company’s client-focused, technology-driven approach in serving the life and annuity markets.
The annuity provides adult children of Boomers with guaranteed income for their parents beginning at age 91.
The new offering for the adult children of the boomer generation who are concerned about their parents outliving their financial resources was built by the Quilt team, acquired by Haven Life in 2018.
The SPIA is the first third-party distributed annuity offered by USAA Life through Fidelity Investments, a company SE2 has been working with since 2013.
USAA Life chose the Ebix platform for the launch of its first third-party offering after considering various solutions in the market.