Penn River is a Cloud based Annuity and Life Policy Administration System (native cloud) designed with pre-built functionality that is flexible, extendable, transparent, verifiable, and maintainable (simple and concise). The architecture of Penn River facilitates speed to market with stable software deployments.
It isn’t very often that a new Life and Annuities Policy Administration System enters the marketplace, so I eagerly anticipated the opportunity to review the Penn River system. We believe that those considering a new PAS platform, as well as working with an Insurtech startup as a strategic partner, will want to take a serious look at this solution
ProductHub is the first critical step in our modernization program solving for decreased product development time to market, while also enabling reduced cost of implementation and ongoing servicing, and reduction of operational risk.
Hannover Re has a track record of championing innovative solutions that bring value to all aspects of the life and annuity market, and we're delighted to be able to help companies launch products more efficiently. It is evident that those who evaluate reinsurance during the product development process, or during rate updates, see the significant benefit. By integrating a reinsurance addition into ProductHub, we're able to efficiently support existing and prospective clients on their timelines.
Penn River has entered the life and annuity policy administration marketplace with an end-to-end platform anchored on innovative approaches to product configuration and platform technology. Insurance companies focused on integration, acquisition, or modernization will benefit from learning more about their platform.
Meet The Team
David Shaw has over 30 years of experience in the insurance and financial industry including leading IT for multiple large companies as the Chief Information Officer and running P&L for significant business units within consulting organizations. He has been an early adopter of leading-edge technologies including modern Policy Administrations Systems.
Jerome brings over 10 years software development experience using JAVA/J2EE and other technologies to the development of the Penn River System. Jerome’s technical expertise and work with Open Source and Cloud Computing ensures the Penn River Policy Administration is based on advanced technologies.
Paul brings more than 20 years experience in the financial services industry with expertise in leading both technology and business initiatives. He has held executive, PM, and lead architect positions over the course of his career. That experience coupled with his product and business expertise provided Paul with the foresight to develop a modern Policy Administration System.
Sherry is the primary developer and creator of the Penn River Policy Administration platform. With over 15 years of experience in life and annuity administration systems, she has pioneered and shaped the policy admin system of the future. Sherry has built a robust and dynamic design philosophy throughout her career serving in critical roles for major Policy Administration Software vendors.
With over 30 years in the Life, Health and Annuity insurance business Ginny has experience on mulitple Policy Administration Systems. Her background includes experience in Office Operations at carriers including MONY, Philadelphia Life, CIGNA, AIG, and Penn Mutual where she oversaw system implementations for a variety of products and product enhancements.
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18 Campus Blvd
Newtown Square, PA 19073