POMPANO BEACH, Fla., July 30, 2010 (GLOBE NEWSWIRE) -- Blue Frog Solutions, a leading provider of life and annuity order management and compliance solutions for the insurance industry, and Broadridge Financial Solutions, Inc., global provider of technology-based outsourcing solutions to the financial services industry, have entered into a strategic alliance whereby Blue Frog will provide its Life & Annuity order entry compliance system to Broadridge.
"Broadridge is pleased to be working in alliance with Blue Frog Solutions to further extend our coverage for annuity processing through a premier solution vendor," said Susan Certoma, Chief Operating Officer, Brokerage Processing Services, Broadridge.
"We are looking forward to a long and mutually-beneficial relationship with Broadridge, as both firms share a dedicated focus on the financial services industry," said Dan Smith, Blue Frog's President and CEO.
Broadridge will implement Blue Frog's Affirm™ for Annuities, a compliance and order management system designed to integrate a carrier's complex product rules with a distributor's compliance process to generate transactions that are in good order. Approved annuity applications are then electronically submitted to carriers for processing after successfully passing all supervisory reviews required by the distributor.
Affirm for Annuities will be integrated with Broadridge's Brokerage Processing Services (BPS), a market-leading solution which provides transaction processing across a broad range of asset classes. Broadridge clients using both BPS and Affirm for Annuities will benefit from higher levels of operational efficiency and a more seamless approach to annuity processing.
About Blue Frog Solutions:
Blue Frog Solutions, (www.bluefrogsolutions.com), based in Pompano Beach, Florida, is a leading technology solutions provider that focuses on the life insurance and financial services markets. Blue Frog offers solutions that facilitate more insurance transaction that are compliant and "In Good Order" driving increased business. To date, more than $16 billion in deposits have been processed through Blue Frog's AFFIRM platform. Blue Frog's products include Affirm for Annuities, AFFIRM for Life, I-Relay and Policy Box. We simplify selling insurance.
The Blue Frog Solutions logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=707
About Broadridge
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed-income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.