Using a mainframe or Internet connection, carriers can use AAP to electronically send pricing information to NSCC, which then routes the information to distributors.
Asset Pricing (AAP) enables insurance carriers to transmit the unit values for underlying funds within variable annuity and life insurance products to distributors on a daily basis. It provides fund-level pricing information, similar to the net asset value for mutual funds, that may be applicable to multiple insurance products within a carrier’s product line.
Using a mainframe or Internet connection, carriers can use AAP to electronically send pricing information to NSCC, which then routes the information to distributors.