What Insurance-as-a-Distribution-Channel Means for Carriers
A Look at the U.S. Annuity Market
As annuities evolve into a powerful distribution channel for alternative investments and private-market strategies, carriers face a new challenge; their legacy insurance tool were never designed to provide speed, ecosystem connectivity and product agility this model asks for.
This is where Happiest Minds Insurance-in-a-Box becomes a strategic enabler. It is modern, cloud-native, API first insurance tool that is designed to support carriers launch, distribute, and administer insurance and annuity products quite rapidly in traditional, digital, embedded and ecosystem-driven channels.
Above all, it provides the scalability required to control emerging products such as RILAs, index-linked annuities and alternative-investment-powered retirement solutions without the carriers required to go through expensive core-system transformation.
Key Capabilities for Modern Carriers
Accelerated Product Innovation
Insurance-in-a-Box enables carriers to configure and launch new insurance products through low-code product factories and reusable business components. As product manufacturers introduce innovative annuities with private...
Copyright of this story solely belongs to www.happiestminds.com. To see the full text click HERE
