Award Honors Gamification Mobile Application For Retirement Planning
From CUNA Mutual Group Public Relations
MADISON, Wis. – CUNA Mutual Group has been ranked No. 19 in this year’s InformationWeek 500 – a list of the top technology innovators in the U.S. The company was honored for its Retirement Radar mobile annuity planning application.
It is the 11th year CUNA Mutual Group has been named to the InformationWeek 500 and the second time it has ranked in the Top 20. It was the highest-ranked insurance company on the 2013 list, which was announced Monday and can be found at www.informationweek.com/500.
“We are extremely honored by our No. 19 ranking for this year’s InformationWeek 500,” said Rick Roy, CUNA Mutual Group senior vice president and chief information officer. “As a company, we are very focused on developing mobile products and services that not only deliver the best customer experience for credit union members, but also strengthen market share for credit unions.
“Applications like Retirement Radar help engage members in the complex process of retirement planning,” added Roy. “Radar builds upon the credit union movement’s principle of helping people reach their financial future, and delivers a new advantage for credit union financial advisory programs in the mobile arena.”
Retirement Radar is a tablet/mobile-optimized Web application using gamification principles to create an improved, more pleasant customer engagement between customers and their financial advisor. The gamified approach illustrates a customer’s retirement “radar” through life element icons, such as age and gender, asset size, risk tolerance, and legacy plans to illustrate the best retirement revenue plan.
Launched in November 2012, Retirement Radar has been a key component of CUNA Mutual Group’s strategy to grow lifetime annuity sales. The number of financial advisors regularly selling its lifetime annuity product line increased from 30 to 100 in one year, and the company plans to expand this advisor count to 750 by 2016. Radar’s innovative design has quickly generated market “buzz,” with potential new distribution partners and sales channels within the insurance and financial services industries.
“The theme of this year's InformationWeek 500 is digital business. It's a movement, rooted in data analytics, mobile computing, social networking and other customer‐focused technologies that are turning companies and industries on their ear,” said InformationWeek Editor-In-Chief Rob Preston.
“Every enterprise is now a digital business — or needs to become one fast. The companies in our ranking are leading the way.”
InformationWeek identifies and honors the nation's most innovative users of information technology with its annual InformationWeek 500 listing and also tracks the technology, strategies, investments, and administrative practices of some of the best‐known organizations in the country.
CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual Group’s vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information on the company is available on the company’s website at www.cunamutual.com.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wisconsin.
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