Axonic Insurance Services launches annuity product on FireLight

Axonic Insurance Services has launched its Waypoint Multi-Year Guaranteed Annuity (MYGA) on FireLight e-application by Hexure , enabling its partners to submit annuity applications through the digital platform.

The new entrant plans to expand its product offerings on FireLight in the coming months.

Axonic Capital , a $4.3 billion asset management firm, launched Axonic Insurance earlier this year. The new business focuses on designing and distributing fixed annuities while providing investment advisory services for insurance-company portfolios. Axonic Insurance partners with institutional investors to create customized annuity products, leveraging its investment expertise and technology platform to streamline product development, accelerate time to market, and integrate insurance with asset management.

“FireLight is a leader in the electronic processing of annuities and is a critical provider for many of our most important distribution partners. We are excited to have our first product up on the platform, and we look forward to introducing many more in the months and years to come.” – Michael Gordon, Chief Executive Officer of Axonic Insurance Services.