Andesa Services, Inc., a leading provider of comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers, has released a new white paper, “The ‘Cloud’ as a Life Insurance Policy Administration Solution.”
Authored by Andesa’s team of life insurance and annuity professionals, the 13-page paper provides insights into the “cloud” as a tool for life insurance policy administration – what it is and what it isn’t; what it can do and what it can’t. Three types of policy administration – cloud-based Software-as-a-Service (SaaS), cloud-based Application Service Provider (ASP) and traditional licensed software – are compared and contrasted. “The ‘Cloud’ as a Life Insurance Policy Administration Solution” includes recommendations and predictions on the future of cloud computing in the industry.
“Organizations are constantly faced with a need to deliver new, innovative and enhanced services without increasing risk while operating under flat or even reduced budget levels,” Andesa Services President and CEO Ron Scheese said. “There appears to be a broad consensus that cloud computing can help life insurance and annuity carriers achieve those goals. But despite the cloud’s tremendous potential in the industry, there is still confusion about its capabilities. In this paper, we aim to help separate myth from reality when it comes to cloud computing, while enabling carriers to take full advantage of SaaS- and ASP-based policy administration tools.”
“The ‘Cloud’ as a Life Insurance Policy Administration Solution” is available for download here.
About Andesa Services
Andesa Services has been a leader in quality, highly efficient, integrated marketing and administrative solutions for life insurance and annuity companies and their distributors for nearly 30 years. Seven of the top 13 U.S. life insurance companies – as well as a number of the largest brokerage firms in the country – use Andesa’s suite of services to deliver superior policy administration, plan administration, reporting and illustration solutions. Andesa’s client-centric solutions combine a unique ASP/TPA business model with a modern technology blueprint and exceptionally knowledgeable insurance professionals in support of open and closed blocks of individual and group insurance. To learn more about Andesa, visit www.andesaservices.com.