Company cites agility and scalability as key factors in carrier’s selection; name remains undisclosed.
Penn River, Inc. has announced a strategic partnership with an undisclosed ‘prominent’ Life and Annuities carrier to implement an Indexed Universal Life (IUL) product on its cloud-native policy administration platform. Our platform empowers insurers to move beyond the limitations of legacy systems - David Shaw, CEO The carrier has selected Penn River’s software-as-a-service (SaaS) platform as part of its digital transformation strategy, aiming to replace legacy systems with