Penn River, a cloud-native policy administration provider for the life and annuity sector, has introduced TotalityOne, a modular platform built with AI orchestration firm Solvrays that aims to free carriers from the costly patchwork of legacy systems slowing their product launches.

The offering combines new business and administration capabilities in a single modular package. Carriers can use it to bring products to market, establish fresh operations or overhaul existing books of business without having to connect multiple vendors themselves. Insurers can adopt the full platform or select only the components they require.

Penn River describes the problem it is targeting as the “Frankenstack”, a term for the layers of point solutions that carriers have accumulated over decades through successive integration projects. According to the firm, carriers have historically faced three imperfect alternatives: acting as their own systems integrator, outsourcing their book to a third-party administrator focused mainly on cost, or gambling on an all-in-one platform lacking a production track record. TotalityOne is positioned as a fourth route.

The firm points to growing pressure on carriers to move quickly. Citing LIMRA data, Penn River noted that registered index-linked annuity (RILA) sales reached a record $79.5bn in 2025, before climbing a further 21% during the first half of 2026. Carriers unable to launch products rapidly risk ceding this growth to faster competitors.

Under the arrangement, Penn River supplies the policy administration core, which features agentic product configuration and commission support. Solvrays manages workflow orchestration and takes responsibility for integration, deploying AI agents to process documents, run validation and assist with reconciliation while humans oversee the work.

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