June 9, 2009
For Immediate Release
ULLICO Life Selects iPipeline for Next–Generation Illustration Suite
Flexibility, Ease of Use, and Integration with iGO e-App Drive Decision
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 that ULLICO Life Insurance Company (“ULLICO Life”) has selected iPipeline’s Illustration Suite to support their individual life insurance sales. iPipeline’s Illustration Suite, powered by COSS®*, provides insurance carriers and their distributors and agents with flexibility, ease of use, and the option to integrate with iGO e-App™ for straight-through processing.
"Making it easy for the client to understand intangible and complex financial products is what illustrations are all about. Designing a flexible and an easy-to-use illustration solution that allows carriers, distributors and agents to meet all of their illustration needs in one system is yet another challenge,” said Dan Borth, Vice President and General Manager of Illustrations at iPipeline. “We realize the agent relies on us to show the client how the life insurance policy works. iPipeline’s Illustration Suite powered by COSS enables carriers of all sizes to employ a world-class solution and right-size it to meet their current needs. Its flexibility and scalability will support ULLICO Life’s growth strategy, and its seamless integration with iGO e-App will provide a path to true straight-through processing to reduce cycle time and increase placement ratio. We’re pleased to have ULLICO Life join our growing list of business partners."
"We evaluated several leading illustration systems and selected iPipeline’s Illustration Suite based on its user-friendly interface and our ability to phase in components - including needs analysis, advanced sales and illustrations - based on our immediate needs and future growth. As our requirements evolve, we have the ability to scale and enhance our illustration capability,” said Stephanie Whalen, Director Insurance Operations, ULLICO Life.
"Illustrations are a critical part of any carrier’s agent tool chest. I’m confident that our individual products channel will benefit from iPipeline’s knowledge and expertise in rolling out a system that attractively presents our products, simplifies sales, and increases customer satisfaction," added Gary L. Burke, President, ULLICO Life.
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 160 carriers, 1,100 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, 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.
*iPipeline acquired COSS in 2008.
About ULLICO
ULLICO Life Insurance Company is a subsidiary of ULLICO Inc., an insurance and financial services holding company. ULLICO Inc.'s subsidiary companies also include The Union Labor Life Insurance Company; ULLICO Investment Advisors, Inc.; ULLICO Investment Company; ULLICO Casualty Company; and ULLICO Casualty Group. Since 1927, the ULLICO Family of Companies has offered quality insurance and investment products and services. For additional information, please visit www.ullico.com.
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For more information contact:
Ashley Gerson
Marketing
484-348-6555, ext. 462
484-348-6555, x462