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Insurance and Retirement Services

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dtcc irs product service offerings

DTCC's Insurance & Retirement Services (I&RS) offers a suite of streamlined processing and compliance-driven solutions for carriers and their distribution partners -- broker/dealers, banks, brokerage general agencies, independent broker/dealers and other firms -- through a secure, centralized and automated infrastructure. This infrastructure enables insurance carriers and distributors to exchange information at various points throughout the annuity and life insurance processing cycle.

Agent Services

DTCC Insurance Profile (IPF): DTCC Insurance Profile is a repository of expense, fee, and commission schedule data provided by carriers for annuities distributors to access from a centralized location.

Licensing & Appointments (LNA): Automates and standardizes the two-way flow of information needed to manage producer information between carriers and distributors, eliminating paper and simplifying data exchange.

LNA Access: Gives distributors and carriers access capabilities in the full LNA Service and works as an online data entry request and confirmation reporting tool. 

Commissions (COM): Transmits commission information from carriers to distributors for insurance products, providing same-day money settlement.

Producer Management Portal (PMP): Provides a comprehensive source for centralizing, sharing, tracking & verifying producer training completions. State & product training & source for authorizations for annuity sales.



Pre-Issue Services

Applications & Premium (APP): Transmits annuity application and initial premium information from distributors to carriers. The service provides an efficient, straight-through process for annuity applications and initial premium payments, incorporating same-day money settlement.

Attachments (ATT): Enables insurance distributors and carriers to electronically exchange digital (imaged) documents, signatures, forms and other types of unstructured data during the pre-sale, new business and post-issue processing of annuity and life insurance information.

Attachments Access: Is a non-integrated/standalone online data-entry tool that allow senders to electronically send digital (imaged) documents, signatures, forms and other types of unstructured data during the pre-sale, new business and post-issue processing of annuity and life insurance information.


Monitoring & Reporting

Positions & Valuations (POV): Enables carriers to send annuity and life insurance contract details to their distributors on a daily, weekly, monthly or other periodic basis, giving them a current snapshot of their entire book business. We offer four versions:

  • PVF – Full View
  • PFF – Focused View
  • PNF – New Business
  • PRP – Retirement Plans

Asset Pricing (AAP): Enables carriers to transmit the net values for underlying funds within variable annuity and life insurance products to distributors on a daily basis. The AAP file provides fund-level pricing information, similar to the net asset value for mutual funds, which may be applicable to multiple insurance products within a carrier’s product line.

Financial Activity Reporting (FAR): Enables carriers to provide distributors with daily annuity and life insurance financial transition information, giving them a comprehensive and accurate picture of client accounts and helping them supervise and manage those accounts.


Post-Issue Services

ACATS/IPS (Automated Customer Acct. Transfers-Insurance Processing Svs.) automates changes in annuities’ broker/dealer of record when clients transfer accounts between brokerage firms.

Subsequent Premium (SUB): transmits subsequent annuity premium information from distributors to carriers along with same-day money settlement of subsequent premium payments.

Registered Representative (REP): Facilitates changes of the registered representative within the managing firm requested by the distributor when the representative leaves the firm, retires or when a customer account is transitioned to another agent.

Broker Identification (BIN): Facilitates brokerage identification number/brokerage account number changes requested by a distributor.

IFT Access: A standalone application that gives distributors and carriers direct access to capabilities in the full IFT (REP/BIN) service and works as an online data entry request & confirmation reporting tool.

Settlement Processing for Insurance (STL): Automates settlement of post-issue money & funding activities between carrier & distributor including withdrawals, partial surrenders & mandatory distributions back to a client’s brokerage account. Settlement for Replacements automates the money settlement of 1035 exchanges between carriers.


DTCC supports multiple ACORD TXLife messages. The IFT Web Services are comprised of the following key post-issue transactions:

Arrangements (ACORD 107 message) is a one time change to a service feature on an insurance contract. Arrangements can consist of the following programs such as Systematic Withdrawals, Dollar Cost Averaging, Automatic Payments, Asset Allocation, etc.

Death Notification (ACORD 810 message) provides the insurance carrier with a notification that a death has occurred to one or more parties to the in force/active policy or contract.

Financial Withdrawals (ACORD 105 message) is a one time full or partial redemption of funds from an insurance contract.

Fund Transfer (ACORD 102 message) is a direct exchange or on-time reallocation of the underlying funds within a variable insurance asset. This request includes modifications to the service features affected by the exchange.

Policy Administration (ACORD 113 message) provides a defined set of changes to an in force/active policy or contract. This message supports both party and communication changes.

In addition, several of the above messages begin with one of the following inquiry messages:

Values Inquiry (ACORD 212 message) is used to return various policy values for a specific in force/active policy or contract. The Values Inquiry transaction begins the Financial Withdrawals, Fund Transfers, and Arrangements transaction messages.

Policy Administrative Inquiry (ACORD 115 message) is used to obtain the policy information needed specifically to perform basic policy administration activities. This message allows the Distributor or Vendor Platform to gather necessary information about an in force/active policy to determine the administrative changes that are allowed. The Policy Administrative Inquiry transaction begins a Policy Administration transaction message.