When launching a new annuity product or updating an existing one on the AnnuityNet Platform, insurance carriers use Foundry – Ebix Exchange’s unique product management interface.
Foundry enables insurance carriers to establish and maintain their products on the AnnuityNet platform via PPfA’s, forms XML, and PDF’s – the electronic building blocks of automated order entry. Once launched on the platform, the carrier can make the products available via the Web to interested distributors. With Foundry, carriers can update product information (changes made to riders, sub-accounts, etc.) and forms on a daily basis. Foundry generates automatic e-mail notifications to appropriate managers informing them of various upload and deployment events. No costly manual programming or time-consuming distribution of paper is required and vendor resource bottlenecks are eliminated.
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