JERSEY CITY, N.J., September 12, 2023 – Emphasizing its commitment to innovation, TruStage Annuities has capitalized on Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and its FAST platform to bolster the efficiency of its annuity offerings, including the continued evolution of its registered index-linked annuity (RILA) designed to meet market demands.
Harnessing the power of FAST, the RILA product was brought to market rapidly and updated based on market feedback. The flexibility of FAST enables TruStage to help support existing products, serving to counteract the challenges often posed by frequent product variations and regulatory changes, allowing for enhanced operational efficiencies.
“Verisk’s FAST platform has allowed us to streamline integration and set the stage for future growth and innovation,” said Dave Hanzlik, Vice President, Annuity and Retirement Solutions at TruStage. “As our business continues to evolve to meet shifting market demands, our technology is poised to help us preempt change. TruStage's investment in the FAST platform highlights our commitment to helping our clients get access to a brighter financial future.”
Tom Famularo, managing director and co-founder of Verisk’s FAST, echoed this sentiment, “Our FAST team embodies adaptability. When our customers are ready to forge ahead, we respond with agile, pioneering technology and processes, helping to accelerate their digital transformation faster than they thought possible.”
To support life and annuity insurers across the policy life cycle, Verisk has developed a suite of solutions that apply advanced analytics, automation and machine learning to existing and emerging data sources. The solutions are designed to help transform current workflows in life insurance underwriting, claim insights, policy administration, unclaimed property/equity, compliance and fraud detection, and actuarial and portfolio modeling.
To learn more about Verisk’s life insurance solutions, visit www.verisk.com/life.
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, ESG and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.
TruStage™ Annuities are issued by CMFG Life Insurance Company (CMFG Life) and MEMBERS Life Insurance Company (MEMBERS Life) and distributed by its affiliate, CUNA Brokerage Services, Inc., member FINRA/SIPC, a registered broker/dealer, 2000 Heritage Way, Waverly, IA, 50677. Investment and insurance products are not federally insured, may involve investment risk, may lose value and are not obligations of or guaranteed by any depository or lending institution. All contracts and forms may vary by state and may not be available in all states or through all broker/dealers.
© TruStage 2023