Securian Uses Policy Admin to Launch Products

St. Paul, Minn.-based Securian Financial Group Inc. is using NaviSys Home Office policy administration system from NaviSys Inc., Edison, N.J., to support SecureLink, a fixed indexed annuity that offers fixed interest based on equity index performance with a minimum interest rate guarantee. According to Securian, by using NaviSys Home Office, its actuaries can now configure new products using business rules rather than defining new code processes from scratch. Since 2003, Securian has used the NaviSys solution to launch all of its new annuity products-a total of nine fixed and variable products with a variety of riders and death benefit options.