New York, September 27, 2012 — The Depository Trust & Clearing Corporation (DTCC) today announced an expansion of its online Analytic Reporting for Annuities service, which offers data and analytical tools for identifying key trends in the annuities market. Developed by DTCC‘s Insurance & Retirement Services (I&RS), the new “research role” enhancement provides clients with more comprehensive market information based on annuity product transaction data. Analytic Reporting for Annuities is a service offering of National Securities Clearing Corporation (“NSCC”), a DTCC subsidiary.
The increased market intelligence afforded by the research role allows users to understand and benchmark more thoroughly business performance relative to competitors, peers and the industry. The data set users can access is derived from the millions of transactions processed by NSCC in over 9 million annuity contracts for insurance companies and broker/dealers. The new data is available to NSCC members, as well as sub-advisors, consulting firms and other interested parties.
“DTCC is focused on providing clients with analytic tools that will enable them to access more robust transaction data, helping them to further increase their understanding of the market and identify opportunities to grow their businesses,” said Adam Bryan, Managing Director of DTCC Insurance & Retirement Services. “With access to the Analytic Reporting tool’s transaction-based data, clients are well-positioned to better analyze industry trends, and in turn, create more informed business decisions.”
The research role is included in NSCC members’ subscriptions to I&RS Analytic Reporting. Non-members that subscribe to the service gain access to unique information to assess and understand the industry.
DTCC first launched the Analytic Reporting for Annuities in June 2011 as an online solution that combines data and software to make business intelligence and analytics easily accessible to subscribers anytime and anywhere without the need for data management or software development.
“The capabilities we’re providing in the Analytic Reporting research role have been anticipated by our members and were developed with their guidance,” said Andrew Blumberg, who leads the Analytic Reporting initiative for I&RS. The research role is one of a number of enhancements planned for Analytic Reporting that are aimed at providing more detailed information to aid market analysis.
Through NSCC, DTCC’s I&RS, processes insurance transactions that support life, LTC, variable and fixed annuities connecting 200 insurance companies and 250 distribution firms. In 2011, I&RS processed over $156 billion of annuity transactions in over 3,000 products for over 100 insurance company participants and over 130 broker/dealers.
Through multiple operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize, and standardize the processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.7 quadrillion. Its depository provides custody and asset servicing for securities issues from 122 countries and territories valued at US$39.5 trillion. DTCC’s global OTC derivatives trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide across multiple asset classes. For more information, visit www.dtcc.com.
About Analytic Reporting and I&RS
Analytic Reporting for Annuities is an award winning online information solution containing aggregated data from transactions processed by I&RS of DTCC. I&RS is the central messaging connection for annuity and life insurance transactions, enabling insurance companies to provide broker/dealers with daily financial transaction information. I&RS processes approximately 150 million transactions each month.
Because Analytic Reporting is based on processed transactions, not surveyed data, Analytic Reporting gives DTCC customers a unique and unprecedented view of their own business as well as the market for annuity products so that they can discover key trends and identify opportunities. With updates approximately two weeks after each month-end, Analytic Reporting allows users to assess their business and access industry intelligence to support management decisions about sales, sales management, marketing and product offerings. Analytic Reporting is a hosted turnkey solution, available online anywhere, anytime to DTCC customers. DTCC customers don't have to store or manage the data. They don't have to develop applications or run SQL queries to obtain the business information they rely on for decision-making.
See DTCC’s web site at http://www.dtcc.com/analytics for more information about the service.