Luma Financial Technologies has collaborated with Advantage Insurance Network (AIN) to enhance the life, annuity and asset-based long-term care insurance.  

This collaboration will see the integration of Luma’s technology into AIN Essentials, AIN’s proprietary resource platform, via a single sign-on environment by providing access to multi-carrier annuity quoting to AIN Affiliates. 

AIN Affiliates can now leverage Luma’s digital solutions, streamlining the management and transaction processes for annuities and soon, life insurance.  

This allows for efficient product comparison, performance data analysis and the use of predictive analytics to customise offerings to meet agents’ specific goals. 

Luma’s suite of resources includes integrated electronic applications, e-signature capabilities and automated pricing technology.  

These tools are available to individual Affiliate Firms, aiming to enhance efficiency and enabling AIN Affiliates to concentrate on providing more services. 

Advantage Insurance Network chief marketing officer Martin Haile said: “By partnering with Luma, we are ensuring that AIN Affiliates have simplified access to the most advanced technology available. Luma’s platform will empower AIN Affiliates with innovative tools that can streamline processes, enhance service delivery and drive better results.” 

Luma national sales director Steven Acosta said: “We are thrilled to partner with AIN and their Affiliates, equipping them with cutting-edge tools that redefine how life insurance and annuities are managed. This relationship underscores our commitment to simplifying complexities in the industry and enhancing the AIN Affiliate-Advisor relationship through efficient, data-driven solutions.” 

Last month, Luma extended its partnership with Hexure by incorporating Firelight life insurance functionalities into its platform.  

This allows financial advisors and agents to utilise digital tools for the management of life insurance and annuity products within one platform.