Mutual of Omaha taps Penn River to launch new annuity

Mutual of Omaha  has gone live with a new fixed index annuity product built on Penn River’s cloud-native policy administration platform. The rollout is part of a broader collaboration aimed at streamlining operations and accelerating time-to-market.

Following the launch, Mutual of Omaha plans to migrate additional annuity and life products to the Penn River platform.

“We are delighted to announce the successful go-live of the fixed index annuity product for Mutual of Omaha. This achievement underscores our commitment to delivering innovative, high-speed solutions that empower leading carriers like Mutual of Omaha to modernize their operations and accelerate time-tomarket for new products. Our cloud-native policy administration system provides the agility and flexibility needed to adapt quickly to customer demands and changing market conditions, and we are confident this collaboration will unlock new opportunities for growth and success for Mutual of Omaha.” – David Shaw, Chief Executive Officer at Penn River .