The VTXml Annuity Product Adapter enables clients to easily install and maintain their annuity products. VTXml is built on a Microsoft.NET framework and produces ACORD-compliant and NAVA-compliant Product Profile for Annuities (PPfA) XML via a secured, user-friendly, business-oriented web service. Each ratified ACORD version and all NAVA versions of XML are supported. All versions have been certified by ACORD.
VTXml enables carriers to describe their products in the following ACORD messages:
VTXml enables carriers to describe their products in the following ACORD messages:
- 1201 - Product Profile Transmission (Product Profile for Annuities, PPfA)
- 1203 - InvestProduct Transmission
- 1221 - Tabular Data Transmission
The VTXml Advantage
- Business-oriented, user-friendly and intuitive screens
- No ACORD or NAVA knowledge required
- No knowledge of trading platform requirements required
- One product can be used with multiple "Receivers" of the message: multiple writing companies, multiple distributors, multiple order entry platforms, and multiple uses of the PPfA.
- Maintain a product once; VTXml formats and translates data in accordance with the implementation requirements of the consuming system. VERTEX is the only firm to possess significant business and technical knowledge of eCommerce annuity service providers such as EBIX (formally AnnuityNet) and Blue Frog's AFFIRM platform.
- Business rules and warnings help with guidance to produce PPfAs that are usable and of high quality before they are sent to the receiver.
- Only VTXml offers the depth and breadth of VERTEX's knowledge and experience in insurance and financial services.
- VTXml is upgraded at least yearly to the newest version of the ACORD and NAVA standards, and for the system releases of the major consumers of our PPfA such as EBIX and AFFIRM. We upgrade the system and data for you. We explain the differences between versions from a technical and business perspective, and are actively working with you to ease the burden of transition.
