Blue Frog Solutions has signed a partnership agreement with Miningham & Oellerich (M&O) to create a efficient insurance application process for financial advisors and broker-dealers.
Under the agreement, M&O will provide technology to carrier home office operations and distribution systems for their independent captive sales force to open accounts, and comply with SEC 17a-3 books and record keeping.
In addition, the financial advisor will be directed, at real time, to the company’s AFFIRM solution for annuity and life insurance order entry, which provides intelligence around transactions. The AFFIRM solution will also render required forms and then transmit carrier-ready transaction to the insurance firm.
Brad Levine, founder and EVP of Blue Frog, said: “Blue Frog and M&O provide a best-of-breed approach in annuity and insurance applications combined with compensation configuration and channel ledger reporting. Together, we provide an integrated, end-to-end, seamless experience.”
Michael Brodeur, president of M&O, said: “Each firm brings its own expertise: M&O’s in the broker-dealer home office and advisor-based processing, and Blue Frog in insurance intelligence and information management.”
Blue frog is a provider of life and annuity order management, client management and compliance solutions for insurance and financial sectors; while M&O is a provider of broker/dealer home office and field-based solutions.