Fintech InsurTech News

SIMON Markets LLC Forms Partnership With Insurance Technologies; Expands Cloud-Based Investment Platform With Integrated Annuity Illustration Capabilities

SIMON Markets LLC Forms Partnership With Insurance Technologies; Expands Cloud-Based Investment Platform With Integrated Annuity Illustration Capabilities

SIMON Markets LLC and SIMON Annuities and Insurance Services LLC (“SIMON”) announced a new partnership with Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries. At a time when accessible technology is paramount for remote workforces, this encouraging development expands the capabilities of SIMON’s cloud-based annuities platform with the integration of Insurance Technologies FireLight, enabling financial professionals to generate annuity illustrations from the same platform they use to access annuity contracts.

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“By implementing FireLight, SIMON now offers advisors a new capability that was not previously available to the market and new product solutions for their clients—providing a win-win for the industry.”

The decision to partner with Insurance Technologies was driven by SIMON’s focus on providing a seamless digital experience for financial professionals seeking to incorporate annuity products into their clients’ portfolios. “By partnering with Insurance Technologies, we’re turning manual and time intensive workflows into a simplified process, centralized in one location. Together, we’re empowering advisors—delivering new tools with greater efficiency, and the differentiation they seek to provide holistic services to their clients,” said Daniel Spector, SIMON’s Head of Client Integration.

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Doug Massey, EVP of sales and relationship management at Insurance Technologies, added: “By implementing FireLight, SIMON now offers advisors a new capability that was not previously available to the market and new product solutions for their clients—providing a win-win for the industry.”

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