The Depository Trust & Clearing Corporation (DTCC) has expanded its online “Analytic Reporting for Annuities” service, which offers data and analytical tools for identifying key trends in the annuities market.
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.
Developed by DTCC‘s Insurance & Retirement Services (I&RS), the new research 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 nine 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.
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.
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.
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.
According to a DTCC release: “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.”
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