Penn River Life and Annuity Admin Platform
Penn River is a Cloud based Annuity and Life Policy Administration System (native cloud) designed with pre-built functionality that is flexible, extendable, transparent, verifiable, and maintainable (simple and concise). The architecture of Penn River facilitates speed to market with stable software deployments.
Supports Life and Annuity new business and post issue processing. The platform is developed in native Cloud technology and can be run on any public or private cloud platform.
Penn River is an innovative Cloud Life and Annuity admin platform addressing the frustrations with the current solutions. Penn River is promising to future proof companies admin platforms. Key differentiators include:
- Simple configuration with little to know coding for fast time to market.
- Low cost upgrades with each new generation of the platform. This has not been the case in the industry to date.
- Compatibility with any other carrier on the platform even if they are on a separate instance with a different support team. Blocks of policies can be sold within the eco system without the need for a conversion.
- Platform would be ideal for new green field opportunities or any company looking to modernize their environment.
- Looking to become the platform of choice for converting old blocks. Once on the platform there would never be a need to convert again.
- Platform is low cost and partner friendly designed to give companies choices.
- Built and supported by industry experts who have developed multiple platforms and put all that learning into Penn River.