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AnnuityNet by Zinnia

New Account Opening

Zinnia is a leading international supplier of on-demand infrastructure exchanges to the insurance, financial, and healthcare industries. In the Insurance sector, the Company’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service (“SaaS”) enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administrative and risk compliance.

Introduced in 1998, AnnuityNet is part of ZinniaExchange’s first-to-market, order-entry platform for annuity transactions. Insurers post their annuity products, associated product rules and forms on the platform where they are incorporated into a Web-based application process and a suitability questionnaire. Currently, AnnuityNet features over 1,600 annuity products from nearly 40 insurance carriers. AnnuityNet supports fixed and variable annuities, and immediate, and equity-indexed annuities. For more information, visit zinnia.com.

Integration

Building upon Zinnia’s AnnuityNet platform, Docupace and Zinnia have further streamlined the advisor experience in opening annuity accounts. 

Integration Benefits:

  • API integration for New Account Opening which: 
    • Reduces duplicate data entry between the two systems
    • Reduces time to open new accounts
    • Reduces NIGO rates
    • Increases consistency in account opening processes
    • Facilitates supervision process within Docupace prior to account opening
    • Improves advisor experience
    • Supports both electronic and wetsigning
  • Increases advisor and back office efficiency by:
    • Launching AnnuityNet directly from Docupace with single sign-on
    • Reducing NIGO rates through automated data validations
    • Automating the creation or matching on clients in the AnnuityNet platform
    • Pre-populating the account number and other data collected on AnnuityNet to broker dealer proprietary forms
    • Combining of carrier and proprietary paperwork for single signing ceremony with investor on Docupace
    • Facilitating the ability of the firm to supervise annuity transactions on Docupace prior to account opening
    • Automating the submission of completed paperwork to the annuity carrier
    • Opening accounts in minutes

Nix the NIGOs

Download our guide to examine what it means to have NIGO documents, how it impacts advisors and clients, and what advisors can do to streamline processes and prevent NIGO errors.

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