Objectiva

Press and News

June 16, 2008

Objectiva Software Solutions AND JACKSON NATIONAL LIFE INSURANCE COMPANY SIGN FIVE-YEAR MULTI-MILLION DOLLAR AGREEMENT

 

Collaboration will empower Jackson to accelerate business software application effectiveness

Objectiva Software Solutions today announced it has signed a five-year, multi-million dollar contract with Jackson National Life Insurance Company (Jackson), an industry leader in variable, fixed and fixed index annuities.

Under the agreement, Objectiva will provide Jackson with additional resources to be focused primarily on maintenance of existing software. These resources will be managed and trained by Jackson associates.

“While our current development process serves us well, our growth objectives require we have rapid access to additional, flexible capacity,” explains George Napoles, Chief Administrative Officer at Jackson. “A proven track record, robust collaboration processes and commitment to our success were important parameters in the selection of a suitable partner and Objectiva was the clear choice.”

Douglas Winter, CEO, Objectiva said, “We are pleased to be chosen as Jackson’s development partner. As Jackson extends its current competencies to new product categories, Objectiva will be there to support Jackson every step of the way. We look forward to helping Jackson further transform its technology environment to better align with its business.”

About Jackson National Life Insurance Company:
With more than $82 billion in assets (GAAP)*, Jackson National Life Insurance Company (Jackson) is an industry leader in variable, fixed and fixed index annuities. The company also sells life insurance and institutional products. Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, financial institutions and independent insurance agents. Jackson's subsidiary, Jackson National Life Insurance Company of New York®, similarly markets variable and fixed annuities in the state of New York. Through its affiliates and subsidiaries, Jackson also provides asset management, retail mutual funds and retail brokerage services. For more information, visit www.jnl.com.

*Jackson had more than $82 billion in total assets (GAAP) and more than $74 billion in policy liabilities (GAAP) set aside to pay primarily future policy owner benefits (as of 12/31/07).

 

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