AnnuityNet's Web Technology Platform To Seamlessly Integrate Thomson Financial Sales Support Tools.Business Editors ROCKVILLE, Md.--(BUSINESS WIRE)--Feb. 4, 2002 Customized Annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Market Data from Thomson Financial's Wealth Management Group Will Enhance Value for AnnuityNet Technology Users Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings , a leading provider of information and technology solutions to the worldwide financial community, and AnnuityNet, Inc., the foremost eCommerce provider of online technology for the annuity industry, announce today a strategic alliance to integrate Thomson Financial's highly respected content and sales support tools into AnnuityNet's core platform. Under the terms of the agreement, information and analytic an·a·lyt·ic or an·a·lyt·i·cal adj. 1. Of or relating to analysis or analytics. 2. Expert in or using analysis, especially one who thinks in a logical manner. 3. Psychoanalytic. data on variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. products and subaccounts will be made available to all users of the AnnuityNet Web-based annuity product sales and servicing platform at no additional charge. "By seamlessly integrating Thomson Financial Wealth Management group's market leading content and illustration toolsets into our core platform we are significantly reinforcing the value of AnnuityNet technology to our user base," says Steve Dunlap, senior vice president, AnnuityNet. "We believe the addition of these industry-specific annuity research solutions will be of substantial benefit to help clients provide decision-support to registered representatives and to sharpen sharp·en tr. & intr.v. sharp·ened, sharp·en·ing, sharp·ens To make or become sharp or sharper. sharp their competitive edge." AnnuityNet's online technology supports the sale and service of annuity products from multiple insurance carriers. A signature capability of the AnnuityNet system is efficient end-to-end processing that speeds the sales cycle by incorporating automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. wizards that streamline the application process and eliminate common errors. Other key benefits of the platform are built-in suitability and compliance checks, and straight-through paperless processing that electronically delivers the application to the carrier back office systems via the NSCC's IPS (1) (Inches Per Second) The measurement of the speed of tape passing by a read/write head or paper passing through a pen plotter. (2) (IPS) (Intrusion Prevention S service. Thomson Financial's annuity database is well known in the industry for its size and accuracy, and includes more than 14,587 subaccounts and 560 contracts. A team of dedicated analysts and software engineers work closely with actuaries at insurance companies to obtain the level of detail needed to set up multi-feature contracts in the database. The contracts' variables are then incorporated into Thomson Financial's various annuity software programs to reflect the unique characteristics of these contracts. "Our partnership with AnnuityNet showcases one of the key advantages of our product offering," says Bill Chambers For the baseball player, see . Bill Chambers (born 1923) is a former player in the All-America Football Conference. He played for the New York Yankees. He attended Georgia Tech for college. , senior vice president of Thomson Financial's Wealth Management Group. "Our customized data, content and technology solutions are platform-independent, and can be implemented in virtually any environment. Additionally, by linking to AnnuityNet's Web-based technology, our annuity marketplace data will be carried on a platform already employed by top manufacturers and distributors in the annuity industry." Transparent integration of this data into the AnnuityNet platform will provide users with access to comprehensive information for all products in the database. The net result will be new capabilities that significantly enhance the value of the AnnuityNet online system to individual users by providing powerful decision support tools for the sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. , while adding to the platform's bottom line cost effectiveness for financial service companies. The many firms that already use Thomson Financial content and illustration products will be able to easily integrate their research and illustration system with AnnuityNet's solution for annuity order entry, sales, and service. Annuity product information and historical performance data will be bundled with the AnnuityNet platform and included for all users at no additional charge. Additionally, a full range of powerful analytical and hypothetical Hypothetical is an adjective, meaning of or pertaining to a hypothesis. See:
Thomson Financial's Wealth Management Group focuses on identifying industry trends and turning these trends into innovative sales solutions for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. The groups' suite of annuity products range from desktop hypothetical illustration software and asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. programs to Web-based sales and marketing tools. Thomson Financial's Web-based annuity and fund marketing solution, InvestmentView(TM), is used by over 150,000 financial advisors nationwide and is licensed by more than 60 product providers. Thomson Financial Wealth Management is the leading provider of technology, information, content and marketing solutions to the financial services industry, including financial advisory firms, fund houses, insurance companies and Web portals See portal. . About Thomson Financial Thomson Financial is a US$2 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a leading global provider of integrated information solutions for business and professional customers. The Corporation reported 2000 revenues of approximately US$6 billion and its common shares are listed on the Toronto and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TOC). About AnnuityNet, Inc. AnnuityNet, a Leesburg, VA-based software technology company, pioneered the Web-based approach to powering transactions in the annuity market space with an Internet platform that connects all industry constituencies - carriers and manufacturers, distributors and point of sale representatives, and customers - into a seamless, secure and information-rich process. After becoming the first company to engineer paperless annuities on the Web, AnnuityNet designed and developed technology solutions for financial services institutions that are transforming the way the industry sells and services annuities. Marking an Internet record, AnnuityNet's Web technology processed more than $2 billion in annuity transactions during 2001. AnnuityNet was founded in 1997 by well-known actuary actuary One who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death. and entrepreneur Shane Chalke, and is owned by a blue-ribbon consortium of financial industry organizations including GE Equity, Lincoln Financial Group, Conning Capital Partners, SunLife, and Bank One. The company's Web site address is www.annuitynet.com. Securities offered through AnnuityNet Insurance Agency, Inc., a broker-dealer. Note to Editors: The 'Thomson Financial Wiesenberger' unit has been integrated with the 'Thomson Financial Solutions' unit to form the much bigger and more powerful group: Thomson Financial Wealth Management. |
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