Chicago — Like a walk toward the horizon, the prospect of straight-through processing (STP) for insurers has seemed to recede in spite of a considerable amount of effort.
Yet, a new research report contends that insurers have better reason than ever to make the trip. Rachel Alt-Simmons, research director, insurance for Needham, Mass.-based TowerGroup Inc. and author of the report, says a new reference architecture model from the National Association of Variable Annuities (NAVA) is a big leap forward and provides a consistent reference platform for insurers, distributors and vendors to accelerate STP initiatives.
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