1035 Automation its not TRIVIAL Trivi a Hosts Brent Osborne Fran Forslund Katherine Dease Denise Beights Judges Marcus Alderman ID: 622432
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Slide1
IRI Industry-Wide1035 Automationit’s not TRIVIAL
Trivia Hosts Brent Osborne Fran Forslund Katherine Dease Denise Beights
Judges
Marcus
Alderman
Andrea Newton
Announcer
Cheri DeBoer-Stinson
Slide2
1035 Automation – It’s not Trivial GAME RULESOne person from each team submits answersSubmit answers on the sheet with corresponding question #No Internet Searching – electronic devices down Points for correct answersWarm-up Round: = 1 point
White Lightning Round: = 2 pointsJazzing it Up Round: = 3 pointsSudden Death: Each Team can wager from 0 to amount equal to existing pointsJudges have final say
#IRIOpsTechSlide3
More than 50% of the world’s population has never made or received this? #IRIOpsTechQuestion 11035 Automation
It’s Not TrivialSlide4
A Phone Call!#IRIOpsTechAnswer 11035 Automation
It’s Not TrivialSlide5
1035 Automation It’s Not TrivialWhich IRI 1035 Initiative allows carriers to obtain the status of pending fund transfers via e-mail, provides up to 50% operational cost savings and only takes hours to implement?
DTCC Money Settlement 1035 Batch StatusCeding Carrier Data Integration
ESignatures for Replacements
#IRIOpsTech
Question 2Slide6
B. IRI 1035 Batch Status#IRIOpsTechAnswer 2AXABrighthouseGenworthGlobal Atlantic / ForethoughtGreat-WestGuardian
Lincoln FinancialMetropolitan LifePrudential TransamericaVoya
1035 Automation
It’s Not TrivialSlide7
Which 2 of the following actions do carriers’ outgoing and incoming business departments need to complete in order to utilize IRI 1035 Batch Status updates? #IRIOpsTechA. Complete a sign-up spreadsheet Establish money-in/status and money-out/status email boxes
Complete a 30 day trial program Send Marcus Alderman a bottle of Chivas Regal (25 year) ScotchParticipate in two 1035 Automation WG meetings
1035 Automation
It’s Not Trivial
Question 3
–
One point for each correct response Slide8
A. Complete a sign-up spreadsheet &B. Establish money-in/status and money-out/status email boxes#IRIOpsTech
1035 Automation
It’s Not Trivial
Answer 3Slide9
What year did Money Settlement for premiums and withdrawals begin production?#IRIOpsTech
1035 Automation It’s Not Trivial
Question 4Slide10
2013#IRIOpsTech1035 Automation It’s Not Trivial
Answer 4Slide11
In 2013, which city hosted the Super Bowl? & for an extra pointWhich team won?#IRIOpsTech1035 Automation
It’s Not TrivialQuestion 5Slide12
New OrleansBaltimore Ravens#IRIOpsTech1035 Automation It’s Not Trivial
Answer 5Slide13
What year was Carrier-to-Carrier Money Settlement for Replacements first piloted? #IRIOpsTech1035 Automation
It’s Not TrivialQuestion 6Slide14
2015#IRIOpsTech1035 Automation It’s Not Trivial
Answer 6Slide15
What is the potential percent of IRI Carriers and Distributers that could be participating in IRI 1035 Automation Initiatives? #IRIOpsTech1035 Automation It’s Not Trivial
Question 7Slide16
ALL100% EVERYONE NO EXCEPTIONS#IRIOpsTech1035 Automation It’s Not Trivial
Answer 7Slide17
How many carriers currently accept eSignatures on outgoing replacement paperwork requests for funds going into annuities and life products? #IRIOpsTechQuestion 81035 Automation
It’s Not Trivial 14 Carriers
27
Carriers
49 Carriers
113 CarriersSlide18
C. 49 Carriers#IRIOpsTechAnswer 81035 Automation
It’s Not TrivialSlide19
What percent of the 49 carriers that accept eSigned replacement paperwork are IRI Ops & Tech Carriers? #IRIOpsTechQuestion 91035 Automation
It’s Not Trivial 13% 47%
83%Slide20
B. 47%#IRIOpsTechAnswer 91035 Automation
It’s Not TrivialSlide21
#IRIOpsTechWhite Lightning Round Slide22
10. In 1990 IRI was known by what name? Which 1035 Automation Initiative is the linchpin to Replacement Straight-Through-
Processing (STP)? 12. Which stadium’s turf was originally referred to as Mardi Grass?13. What
is the name of the Ceding Carrier
Database
that
tracks eSignature rules by Carrier
Product?
#IRIOpsTech
White Lightning Round
Questions
Double points for correct answers in this roundSlide23
#IRIOpsTech14. When is Carrier-to-Carrier Attachments (DTCC – IAT) currently slated to go into pilot?15. The oldest cathedral in the U.S. is in New
Orleans. What is it called? 16. What industry standard form is used for Transfer
of
Assets / 1035 exchanges including
electronic
Signatures?
White Lightning Round
QuestionsSlide24
#IRIOpsTech17. These creatures are essentially immortal. They don’t get “old” so in order to die they have to become injured or diseased
.18. Which Order Entry Platforms have integrated the 1035YellowPages Ceding Carrier Data?
19. How Many Carriers are currently participating in
Carrier-to-Carrier Money Settlement?
White Lightning Round
QuestionsSlide25
#IRIOpsTech10. NAVA / National Association of Variable Annuities11. ESignatures The Superdome 1035YellowPages
Spring 2018White Lightning Round AnswersSlide26
#IRIOpsTechWhite Lightning Round Answers
15
.
St
. Louis Cathedral
16.
ACORD
951e Form
17.
Lobsters
18.
Insurance Technologies / Firelight
RetireUp
/ RepPro
FIVE
Transamerica, Lincoln Financial, Voya, SunAmerica & New York Life
Slide27
1035YellowPages Order Entry integration helps ELIMINATE which of the following NIGO situations?Incorrectly submitting eSigned Transfer Paperwork when the ceding carrier doesn’t accept eSigned forms.Submitting replacement paperwork to the wrong processing location.Electronically submitting paperwork that the ceding carrier requires to be wet signed.
Not having a required ceding proprietary form included with the Replacement request. All of the above#IRIOpsTech
Question 20
Triple
points for correct
answers in this roundSlide28
#IRIOpsTechAnswer 20
E
.
All
of the
AboveSlide29
In addition to Order Entry Platform integration, what other Best Practice Ceding Carrier Data integration is part of the IRI 1035 Automation initiatives?#IRIOpsTechQuestion 21 Slide30
1035YellowPages New Business Integration#IRIOpsTechAnswer 21 Slide31
Who are the reigning MLB Champions?#IRIOpsTechQuestion 22 Slide32
Chicago Cubs#IRIOpsTechAnswer 22 Slide33
Which creatures drink blood and tears?#IRIOpsTechQuestion 23 Slide34
Butterflies#IRIOpsTechAnswer 23 Slide35
When was the Distributor to Carrier Attachment Process first launched?#IRIOpsTech
Question 24Slide36
2008#IRIOpsTech
Answer 24Slide37
How are eSigned replacement forms being delivered to ceding carriers for outgoing replacement requests?#IRIOpsTech
Question 25Slide38
Via FAX Or PDF/TIFF email Attachments #IRIOpsTech
Answer 25Slide39
What year did IRI Members start using IRI 1035YellowPages Lite for Fax vs. Hardcopy rules? #IRIOpsTech
Question 26Slide40
2013#IRIOpsTech
Answer 26Slide41
What percent of our Ops & Tech Carriers’ disbursement annuity locations accept some or all replacement requests via Fax?33%47%89%94%#IRIOpsTech
Question 27Slide42
C. 89%#IRIOpsTech
Answer 27Year100% Fax Acceptance
Some or
all Fax Acceptance
2015
66%
87%
2016
71%
88%
2017
80%
89%Slide43
#IRIOpsTechQuestion 28What is Louie Armstrong’s Nickname?Slide44
Satchmo#IRIOpsTechAnswer 28Slide45
#IRIOpsTechQuestion 29 - Each correct answer is worth 3 points
!What are two of New Orleans Nicknames?Slide46
#IRIOpsTechAnswer 29
Paris of the South
The Big Easy
NOLA
The
Crescent City
Birthplace of Jazz
Mardi Gras
City
Sin CitySlide47
#IRIOpsTechQuestion 30 – 3 points for each correct answer
30a. How many carriers plan on implementing or are in budget review for Carrier to Carrier Attachments in 2017 & 2018?35830b.
How many additional carriers plan on implementing or are under budget review for Carrier to Carrier Money Settlement in 2017 & 2018?
7
12
20Slide48
#IRIOpsTechAnswer 30 aB. 5 Carriers Slide49
#IRIOpsTechAnswer 30bA. 7
2017 Implement
2017 Budget Review
Plan on 2018 Implementation
Under Review
Not Reviewing?Slide50
#IRIOpsTechRulesPlace your Team’s wager on the Sudden Death Wager Ticket and submit to Marcus or Andrea.Teams can wager Part, All or None of their Current Points.
All wagers need to be received before the Sudden Death question is asked.Sudden Death wagers are added, if answer is correct, or deducted, if answer is wrong, from teams prior Sudden Death score.
Sudden
DeathSlide51
#IRIOpsTechQuestionWhat Famous Actor has a pre-paid pyramid shaped crypt in the St. Louis Cemetery #1? The same cemetery that Marie Laveau is buried in.Sudden
DeathSlide52
#IRIOpsTechAnswerNicolas CageSudden DeathSlide53
#IRIOpsTechQuestion Name one of the two New Orleans’ historical figures featured on American Horror Story, Coven (2013). Sudden DeathSlide54
#IRIOpsTechAnswerMarie LaveauorDelphine Lalaurie
Sudden DeathSlide55
1035 Automationit’s not TRIVIALTeam Winners
Team Two