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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