In this final post we discuss what happens once the product design proceeds to the next phase, implementation.  In this Blog we discuss the various issues: digitizing the product in technology platforms, applications, communications, marketing material, and ensuring distribution readiness.  A lot has happened to get to this place, but an interesting question must be asked.  Where exactly are your product rules defined?

Mantissa and Penn River continue to strengthen its partnership and its joint focus on the Life Insurance Product Developer.  To that end, Penn River Inc. announced today in a press release that American Equity Investment Life Insurance Company (American Equity), a leading underwriter of fixed indexed annuities, is in production with Penn River’s ProductHub platform. We believe that embracing process efficiency is paramount, and where digitizing the product development process with leading edge tools will substantially improve efficiency and make the all-important user experience better.

We at Mantissa are proud to announce our affiliate strategic partnership with Paradigm Partners International (PPI).   PPI is a highly respected strategic advisory firm consisting of professionals who bring decades of industry experience building, growing and managing insurance-related companies.

The heart of any life insurance company lies in its ability to develop products that provide a value to the customers who buy them and the distributors who sell them in the market.  In this third post we discuss what happens when (finally!) agreement has been reached on the product design.  A lot has happened to get to this place, but an interesting question must be asked.  Where exactly are your product rules defined?

We recently sat down for an interview with Dan McCoach, a financial services industry executive and recent CIO for Nassau Financial Group. Dan is a seasoned technology executive with expertise in private equity backed insurance, mergers and acquisitions, and big 4 Management Consulting. His experiences also include professional affiliations through his Board membership at ACORD and various philanthropic endeavors.

The heart of any life insurance company lies in its ability to develop products that provide a value to the customers who buy them and the distributors who sell them in the market.  This second article looks at what happens after a product idea has emerged, as this extended team gets organized and prepared for launch.  There are several latent processes and technology issues that surface during this period.  Communication and transparency are the key challenges that sorely need to be addressed.

The heart of any life insurance company lies in its ability to develop products that provide a value to the customers who buy them and the distributors who sell them in the market.  This first article looks at what is arguably the most difficult part of the process – where the ideas are formed, and the where the product is conceived.

This edition of Mantissa Group News will discuss our views of what is to come as we transition to 2021.  We will also showcase our  Mantissa Spotlight segment with a fortune 100 executive who we have recently featured in our CIO Leadership Series, as well as highlighting some industry news, economic conditions, and return to work plans for 2021.  We hope you enjoy this edition of our newsletter, and we thank you all for your commitment to Mantissa.  For our current clients, we thank you for your trust.  

We recently sat down for an interview with Pete Krockta (“PK”) who is Head of Enterprise Compute Services at New York Life Insurance.  Peter manages Infrastructure and Operations, including help desk, data center, network, cloud, telephony, service desk, compute, and service management for the company.

Our clients have led us to initiate this multi-part series on the Life Insurance industry. This second report in the series provides an overview of the different categories of distribution methods for life insurance.  We will introduce each of the distribution channels, and then take a deeper look at each method for a better understanding. We will also preview elements of the next chapter, ife insurance technology.