Members of USAA Life Insurance Co., a subsidiary of USAA (San Antonio), can now purchase fixed annuities online. The transactions are made possible through the passage of the Electronic Signature Act of 2000. Existing or new USAA members can complete a Web application online at the carrier's usaa.com site.
In order to reinforce its multi-channel distribution strategy, Manulife Financial (Toronto) has chosen e-business solutions provider Trilogy's (Austin, TX) Java technology-based Distribution Channel Management solution. The solution facilitates creation of customized selling contracts and supports various compensation plans, according to Trilogy.
Small business and professional carrier ePolicy Inc. (Torrance, CA) announced the formation of wholly owned subsidiary, Insurance Technology Solutions (ITS), which will provide insurance companies the ability to rate, quote, bind, receive payment and issue online in real time. ITS will use proprietary Web-based technology called the RQBI Solution.