IRI Ops & Tech 3-Year Roadmap Developed by IRI, the Ops & Tech Senior Steering Committee and IRI Ops & Tech Working Groups

The IRI Ops & Tech Community The IRI Ops & Tech member community develops tomorrow’s annuity industry technology solutions and guides all member of the supply chain through implementation by: Providing a forum for technology thought leadership Connecting the industry ecosystem Creating efficiency through standardization Eliminating obstacles to accelerate adoption of automation

: Ops & Tech Acceleration What have we been working on since last year’s conference? Transparency Engagement Integration of Ops & Tech with Government, Legal & Regulatory Affairs Formalize connection with ACORD, DTCC, OMR Focus on Adoption Expanded Working Groups The IRI Ops & Tech 3-Year Technology Roadmap

IRI Ops & Tech Committee and Working Group Structure IRI Ops & Tech Members IRI Ops & Tech Senior Steering Committee 1035 Automation E-Sign License & Appointment Question Standardization Framework & Conformity Conference Planning In-Force Transactions

IRI Ops & Tech 3-Year Roadmap Summary Thought Leadership and Industry Adoption!

2016 Industry Focus DOL Fiduciary Rule Interpretation IRI DOL Fiduciary Working Group Planning IRI Implementation Task Force and Sub- Groups Begin Execution IRI Sub-Groups to Focus on Opportunities for Standardization 1035 Straight Through Processing Distributor to Carrier Attachments Carrier ACORD 951-E Adoption Carrier to Carrier Money Settlement Planning and Strategy for: Carrier to Carrier Attachments Ceding Carrier Data Integration with Order Entry Platforms

2016 Industry Focus License & Appointment Automation Planning and Strategy for: L&A Automation Transaction Reference Model Industry Information Sharing and Access Solution Electronic Signature Promote Distributor Technology Adoption (18% of IRI Distributors) Carrier Capability and Acceptance (50% of IRI Carriers)

2016 Industry Focus Question Standardization ‘Reason for Replacement’ Standardization Approved Industry Proposal for the next ten (10) questions In-Force Transaction Automation Planning and Strategy for: Transaction Submission Limitations Identification of Recommended Transactions Authorization Best Practices

Annuity Industry Synergy . DTCC ACORD IRI IRI: Automation Leadership in Planning and Adoption DTCC: Standardized Transaction Execution Services . ACORD: Form and Data Information Flow Standards

2017 Industry Focus DOL Fiduciary Rule Execution IRI Sub-Groups to Focus on Opportunities for Standardization 1035 Straight Through Processing Carrier to Carrier Attachments Ceding Carrier Data Integration with Order Entry Platforms Increased Adoption of Distributor to Carrier Attachments Carrier ACORD 951-E Adoption Carrier to Carrier Money Settlement

2017 Industry Focus Electronic Signature Promote Distributor Technology Adoption (goal: 60% of IRI Distributors) Carrier Capability and Acceptance (goal: 85% of IRI Carriers) License & Appointment Automation Pilot: L&A Automation Transaction Reference Model Industry Information Sharing and Access Solution

2017 Industry Focus In-Force Transaction Automation Question Standardization Implement the Industry Proposal for the next ten (10) questions Standardization in support the DOL Fiduciary rule Address regulatory and compliance questions surrounding NAIC Replacement Form In-Force Transaction Automation Solution Implementation for: Transaction Submission Limitations Identification of Recommended Transactions Authorization Best Practices Track and Promote Adoption of Electronic In-Force Transactions

2017 Industry Focus In-Force Transaction Automation Going Digital Solution Implementation for: Transaction Submission Limitations Identification of Recommended Transactions Authorization Best Practices Track and Promote Adoption of Electronic In-Force Transactions Going Digital Initiate Working Groups for: Fully Electronic Annuity Life-Cycle Mobile Capability Carrier System and Data

Annuity E-Signature Capability Projections (Percentage of IRI Membership)

2018 and Beyond Industry Focus 1035 Straight Through Processing Carrier to Carrier Status Messaging Integration Across Distribution Channels Increased Adoption of Distributor to Carrier Attachments Carrier ACORD 951-E Adoption Carrier to Carrier Money Settlement Carrier to Carrier Attachments Ceding Carrier Data Integration with Order Entry Platforms Electronic Signature Promote Distributor Technology Adoption (goal: 82% of IRI Distributors) Carrier Capability and Acceptance (goal: 95% of IRI Carriers) Transaction Volume (goal: 30% of transactions)

2018 and Beyond Industry Focus License & Appointment Automation Industry-Wide Adoption: L&A Automation Transaction Reference Model Industry Information Sharing and Access Solution Question Standardization Complete regulatory/compliance clarifications and proposals identified in the 2014 gap analysis

2018 and Beyond Industry Focus In-Force Transaction Automation Track and Promote Adoption of Electronic In-Force Transactions Going Digital Fully Electronic throughout the Annuity Life-Cycle On-Demand, Interactive User Experience Mobile Capability

This is Your Opportunity Everyone and everything you need to learn more about industry automation initiatives is here at IRI Ops & Tech 2016 CONNECT. COLLABORATE. EXECUTE