March 23, 2009
For Immediate Release
iPipeline Enables Carriers to Seize the Fixed Annuities Opportunity
iGO STP for Fixed Annuities Reduces Cycle Time and Speeds Policy Issuance
Exton, PA: iPipeline™, the leader in on-demand software that supports marketing, selling, and processing solutions for the nation’s top insurance carriers, distributors and producers, today announced the launch of iGO STP for Fixed Annuities. iGO STP for Fixed Annuities enables carriers to leverage straight-through processing, reduces cycle time for fixed annuity applications, and speeds policy issuance. In 2006, iPipeline introduced iGOFORMS™, a Web-based platform providing producers with access to wizard-based applications that result in 100% in Good Order submissions. The launch of iGO STP for Fixed Annuities is in response to the current fixed annuity opportunity and backlog of paper-based applications.
"The fixed annuities business is at its highest level in recent times, and carriers find themselves backlogged with NiGOs—Not in Good Order Submissions. Sixty percent (60%) of all paper-based applications are missing forms and signatures, incomplete, inaccurate, and illegible. This increases cycle time, delays policy issuance, and results in low placement ratios. The challenge is to resolve issues before the application is sent to the carrier,” said Bill Butler, President, iPipeline. “iGO STP for Fixed Annuities turbocharges the application activity by positively influencing the process from the point of sale. For carriers seeking to take advantage of the current window of opportunity by reducing cycle time, thereby increasing revenue and market share, our iGO STP for Fixed Annuities product is a must."
"To enable carriers, distributors and agents to seize the moment, we create templates, employ our 'Agile' Methodology, and deliver--with e-App, e-Sign and e-Submit--in 60 days. The speed to deployment is based on how we team with carrier-dedicated resources," added Butler. "By the time we complete the launch, the carrier's staff has been trained and we have notified the iPipeline network of 850 distributors and 400,000 agents that iGO STP for Fixed Annuities is available for use. The power of our solutions and the iPipeline Network result in a rapid ROI for our carrier clients. iPipeline is rolling out iGO STP for Fixed Annuities on a first-come-first-serve basis."
iGO STP for Fixed Annuities is available to all carriers in the US and Canada. To capitalize on the current opportunity and learn more about this product, click here.
About iPipeline
iPipeline™ leads its industry in providing the next-generation suite of sales distribution software to the insurance and financial services markets as an on-demand service. By positively influencing behavior across the value chain through flexible, rules-based technology, iPipeline's channel solutions for carriers, distributors, and agents automate activities for field underwriting support, quoting, forms processing, illustrations development, requirements ordering, contracting, and content distribution, enabling the insurance industry to market better, sell more, and process faster. iPipeline provides the process automation and seamless integration needed to make a sale by aggregating over 125 carriers, 850 distributors, and 400,000 agents in a single, Web-based environment — the iPipeline Network. The network generated over $3 billion in premiums in 2008.
iPipeline's simple, intuitive system integrates directly with 850 Web sites including the industry's largest banks, broker-dealers and insurance distributors via a Software as a Service (SaaS)-based model. This integrated approach enables insurance companies to automate sales distribution, eliminates point-of-sale mistakes, and streamlines the issuance of insurance policies. With headquarters in Exton, Pennsylvania, iPipeline has offices in Atlanta, Charlotte, Los Angeles, and Milwaukee.
iPipeline, one of the fastest growing, privately-held companies in the US, is a Philadelphia 100 and an Inc. 5000 company. For more information, please visit: http://www.ipipeline.com.
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For more information contact:
Ashley Gerson
Marketing
484-348-6555, ext. 462
484-348-6555, x462