Nationwide, J.P. Morgan and Annexus shared the spotlight recently in Des Moines, Iowa’s SRP Americas Indexed Insurance Forum 2017, celebrating joint status as “Deal of the Year” recipients at the annual event.

Accolades arrived for the trio, with a nod to their highly esteemed rank in the “indexed product space,” during the awards segment at the mid-September summit. The commendation specifically lauded the group collaboration on a product called the J.P. Morgan Mozaic IISM Index that is marketed solely by Nationwide and Summit fixed-indexed annuities.

“Our index development team worked closely with Nationwide and Annexus to enhance the original … Index design and offer even greater diversification and trading capacity,” J.P. Morgan Managing Director Brandon Igyarto said. “The benefit to clients is an increased opportunity to harness market momentum, smooth volatility, and provide the potential to deliver steady growth through a variety of market environments.”

Carriers, distributors, product creators and actuaries alike are regularly acknowledged during the yearly event; award standards include product size, performance and client experience ratings. Nationwide and Annexus officials expressed confidence in the collaborative product with Nationwide senior vice president of life insurance and annuities Eric Henderson noting that the purpose is “to help advisers meet their clients’ needs.”

“We’re honored to share this award with Nationwide and J.P. Morgan,” Annexus co-founder Ron Shurts said. “It’s a testament to our partnership and shared goal to drive product innovation in the retirement market.”