DTCC Launches Innovative Analytics Reporting Service for Annuities

To help firms gain insight into their growing annuity business, DTCC has introduced a new annuities analytics reporting service for its insurance clients. The new service provides clients with much desired transparency into their annuity businesses including insight on financial inflows and outflows that are processed through DTCC.

The Data Analytics Reporting Service for Annuities provides insurance carriers and distribution firms with the opportunity to access timely data on annuity transactions. With the aging baby boomer population, annuity product sales are increasing and companies are in need of more sophisticated and robust market analytics.

DTCC recognized the opportunity to utilize the vast annuities data being aggregated through the firm’s daily processing routines. The new Data Analytics Reporting Service for Annuities leverages this data to deliver timely access to valuable annuity transaction data so that firms can make more informed business decisions and identify key market trends. The tool provides information to support key decision making for sales, sales effectiveness, product management, marketing and compliance.

Susan Nugent, Relationship Manager for DTCC I&RS, said: “Our Data Analytics Reporting Service for Annuities creates a new value-add for our clients by leveraging our central industry role and repurposing the vast annuity data already circulating through DTCC services. We are in a unique position to enable clients to fully utilize their data to help grow their business, and we look forward to hearing their feedback on this initiative.”

The Data Analytics Reporting Service for Annuities features a Web-based interface presenting customizable and searchable views into trends in financial inflows, outflows and net flows; analysis by product, carrier, distributor, agent and investor; and the option to create custom market segments. The service aggregates the millions of daily annuity transactions submitted to DTCC to provide distributors and carriers with information about their sales and relationships, such as:

• Cash flows by product, carrier and broker/dealer
• Market shares
• Fastest growing products
• Fastest growing client types, and
• Detailed trends by carrier, distributor, product, ZIP code and more.

As just one example of this actionable information that is important to the industry, according to data supplied by Data Analytics, annuity inflows increased by more than 90% over the past year. Outflows increased at a slower pace, resulting in a strong increase in net cash flows. Over the past year net flows more than doubled, increasing by 140%. This information is derived from the millions of individual annuity transactions that DTCC processes for insurance carriers and broker/dealers.

For more information, visit http://www.dtcc.com/ analytics.