POMPANO BEACH, Fla., Nov. 15, 2010 (GLOBE NEWSWIRE) -- Blue Frog Solutions, a leading provider of Life & Annuity Order Management, Client Management and Compliance solutions for the insurance and financial sectors, today announced a multi-year contract with one of the largest Annuity insurers and distributors in the U.S.
Under the terms of the deal, which was signed on October 1, the insurer will implement Blue Frog's AFFIRM™ for Annuities platform, Blue Frog's compliance and order management system designed to integrate a carrier's complex product rules with a distributor's compliance processing to generate transactions that are "in good order." Compliant annuity applications are then electronically submitted to carriers for processing after successfully passing all reviews required by the distributor. Approximately 1,000 financial advisors will initially use the system with future expansion expected.
"We are thrilled to have them as a customer both on the carrier side whereby many organizations have access to their products and to have their distribution arm now be part of the family," says Dan Smith, Blue Frog's Chief Executive Officer. "This move signifies that Blue Frog provides value to both sides of the house for those organizations looking to make annuity order entry a streamlined electronic process."
About Blue Frog Solutions:
Blue Frog Solutions (), based in Pompano Beach, Florida, is a leading technology provider that focuses on the life insurance and financial services markets. Blue Frog offers solutions that facilitate more insurance transactions that are compliant and "In Good Order," driving increased business. Blue Frog's products include AFFIRM for Annuities, AFFIRM for Life, InsureSocket, I-Relay and PolicyBox. We Simplify Selling Insurance!
The Blue Frog Solutions logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=707
CONTACT: Blue Frog Solutions Roy Goodart, Vice President of Marketing 801-308-2095 ext. 706 rgoodart@bluefrogsolutions.com