Cut exchange processing overhead cost and improve customer service with 1035 exchange, and transfer specific software and
database applications.
1035 Exchange and Transfer Solutions
Unparalleled 1035 Exchange Solutions include a suite of robust, interactive software applications which allow insurance and financial
solution provider the ability to augment any part of their existing exchange process. Our 1035 Exchange Solutions support the NAVA
Straight-Through Processing initiative and are written to comply with DTCC and ACORD standards.
An invaluable addition to existing new business systems, the CT 1035 Exchange
System features a transfer
specific workflow that is customized to each carrier’s unique business needs. This system effortlessly tracks new business policies
waiting for funds from other carriers. Integrated State, Company and Ceding Carrier requirements help ensure that exchange requests
go out In-Good-Order. The system generates traditional hardcopy correspondence and paperless exchange transfer requests
using the ACORD XMLife format. Pending policy status is available to distributors via the optional interfaced CT Web-Inquiry application.
Decrease NIGO exchange requests! Having your exchange requests get to the correct processing location, In Good Order the first time is essential in the 1035 exchange and transfer process. Cooperative Technologies’ Ceding Carrier Contact and Requirement
Repository provides carriers with up-to-date 1035 exchange, transfer and NY Reg.60 processing requirement and location
information.
The CT 1035 Web Inquiry application allows your users the ability to access up-to-the minute status on their pending policies at any time via
an integrated application over the internet.
Easily manage conservation, disbursements, and the workflow process associated with outgoing exchanges
and transfers with the CT 1035 Disbursement Tracking and Conservation
System. Effortlessly send e-mail messages to your distributors and
automatically merge data into traditional paper or XMLife standard messages.
Off-the-shelf, cost effective, customizable software allows EVERY carrier the opportunity to realize additional, significant reduction in the
cost of processing 1035 exchanges and other transfers by using XML messaging to facilitate replacement requests. ACORD XMLife
Replacement standard messaging means carriers can cut status calls and the use of regular mail.
Routing XMLife (paperless exchange) messages
|