May 19, 2009
For Immediate Release
iPipeline Wins Windows in Financial Services’ 2009 ‘Innovator Award’
iPipeline Drives Business Transformation within Insurance Industry
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 it has been selected as the winner of a 2009 Windows in Financial Services' Innovator Award for business transformation within the insurance industry. The Innovator Awards recognize Financial Services companies for the innovative ways in which they put Microsoft-based technology to use, and the potential for effecting long-term change in their industry.
"iPipeline’s on-demand solution for the marketing, selling and processing of insurance has resulted in a network with over 1,000 carriers, BGAs, banks, broker-dealers and agencies. Our shared vision of an industry that embraces straight-through processing to drive business transformation is quickly becoming a reality. At the heart of this transformation is our iGO e-App™ solution,” said Tim Wallace, CEO, iPipeline. “iGO e-App is driving the elimination of NiGOs (Not in Good Order submissions) and reduction of cycle times across the value chain. Carriers, distributors and agents are reaping the benefits from increased productivity, faster commission payments and higher placement ratios, while consumers experience accelerated service delivery. Microsoft’s technology has played an important role in iGO e-App, and we remain committed to utilizing new advancements from Microsoft as we take our integrated solutions to the financial services marketplace."
"In today’s economic climate, it’s even more critical for insurance companies to streamline workflows, find efficiencies and embrace straight-through processing,” said Bill Hartnett, U.S. Insurance Industry Solutions Director, Microsoft Corp. “iPipeline’s innovative iGO e-App solution and its incorporation of Microsoft technology exemplify the spirit of Windows in Financial Services’ Innovator Award. Winning companies exhibit the capability to transform how business is done in a specific industry. iPipeline is at the forefront of straight-through processing for the industry."
The WFS Innovator Award was presented to Tim Wallace, CEO, iPipeline, at ACORD LOMA on Monday night, May 18. iPipeline will be featured in the Fall issue of Windows in Financial Services Magazine.
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 producers automate activities for quoting, forms processing, illustrations development, requirements ordering, contracting, and content distribution, enabling the insurance industry to market, sell, 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. iPipeline is the proud winner of the 2009 Windows in Financial Services Innovator Award for business transformation and the 2009 ACORD Award for infrastructure platform. For more information, please visit: www.ipipeline.com.
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For more information contact:
Ashley Gerson
Marketing
484-348-6555, ext. 462
484-348-6555, x462