NEW YORK, Sept. 27, 2018 /PRNewswire/ -- CANNEX's innovative FIA Analysis℠ annuity comparison service won Structured Retail Products Best Technology Award at the Americas Indexed Insurance Forum 2018 on September 19.
The unique patent-pending illustration platform was launched in 2017 and provides apples-to-apples evaluation of the benefits and components of fixed indexed and variable annuities. The technology is used by brokers and other services providers to help assess and compare annuity products across various categories based on guaranteed and projected performance. The tools also support annuity recommendations consistent with regulatory requirements and provide access to sales and marketing materials.
"This award underscores the importance of the work of our team to create a framework to assess the guaranteed and projected value of annuity contracts and their riders for advisors and their clients," said Gary Baker, President, CANNEX USA. "Our FIA Analysis and VA Analysis platform builds on a 35-year history at CANNEX of providing pricing transparency and analytics to help consumers make informed product choices."
CANNEX's FIA Analysis tools were independently nominated by members of the Structured Retail Products community. Structured Retail Products is the leading online resource for the global structured products community which covers the retail, institutional and private banking markets.
CANNEX Financial Exchanges Ltd. supports the exchange of pricing information for annuity and bank products in North America. The firm provides financial institutions with the ability to evaluate and compare various guarantees associated with retirement savings and retirement income products. In the U.S. this includes the evaluation of annuity guarantees (Income Annuities, Variable Annuities, Indexed Annuities, and Fixed Rate Annuities) and consulting services supporting the optimization and allocation of retirement income portfolios. For more information about CANNEX, visit www.cannex.com.
Simon Erskine Locke