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Old Mutual Financial Network (OMFN)Selects Skywire Software’s Insurance Data Exchange (IDX)
Skywire Software’s IDX is the largest independent life insurance centralized data hub that automates real-time data exchange between carriers, BGAs, IMOs, and service providers for life, health and annuities. OMFN will use IDX to exchange pending policy data with its distribution network eliminating the need for its BGAs and IMOs to visit the company’s Web site, check status, and then manually enter data into an agency management system. The end result is accelerated policy production and improved placement.
“Skywire Software’s proven knowledge and expertise in the insurance industry was an important consideration in choosing its IDX data hub,” said Bob Sweeney, assistant vice president, life and annuity operations, Old Mutual Financial Network. “By utilizing Skywire Software’s IDX to improve upon the management of data provided to our producers, we look to significantly improve communication during the application process and allow them to focus their efforts on serving the needs of our customers.”
“Exchanging policy data between all parties involved can be a challenge, but it is a critical need as insurers continue to seek ways to be competitive while speed the processing of new business,” said Wendy Gibson, chief marketing officer, Skywire Software. “We are pleased to be working with Old Mutual Financial Network and look forward to enabling the company to better assist its distribution network by automating real-time data exchange through Skywire Software’s IDX insurance hub.”
Skywire Software serves more than 1,000 insurance companies. Approximately 50 leading life underwriting companies, more than 50 of the largest life insurance brokerage general agencies, 7,000 agencies / agents, and the top five service providers use Skywire Software’s IDX and related automated data exchange products.
About Skywire Software
Skywire Software is a leading software company serving the insurance, health care, utility, and financial services industries. The Company develops industry-specific software products that help companies integrate processes, people and information. With products and services that span a range of key functions, including rating, rules, underwriting, business intelligence, agency management, data movement, and enterprise-wide document automation, Skywire Software is dedicated to providing an unparalleled customer experience to more than 1,600 customers worldwide. For more information, contact Skywire Software at 1-800-735-6620 or visit www.skywiresoftware.com.
About Old Mutual Financial Network
Old Mutual Financial Network (OMFN) is the marketing name for the U.S. life insurance and annuity operations of Old Mutual plc, including OM Financial Life Insurance Company. Headquartered in London, England, Old Mutual was founded in 1845, is one of the world’s largest insurers, ranks as a Fortune Global 500 company and employs nearly 50,000 people worldwide. OMFN has the knowledge, expertise and resources a global powerhouse can provide and is committed to delivering innovative and balanced financial solutions. OM Financial Life Insurance Company is solely responsible for its contractual guarantees and commitments. For more information, visit www.omfn.com.
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