Tag: InsureSight

iPipeline and Atidot Partner to Mine In-Force Data for Life and Annuity Sales

EXTON, PA – June 11th, 2019 – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced an exclusive partnership with Atidot, a Gartner “Cool Vendor” insurtech company empowering the life insurance industry with big data and predictive analytics. The InsureSight® In-Force Service powered by Atidot® will enable Insurers in North America to predict customer insurance and financial needs, lapse patterns and profitability. As part of the service, customer behavior, based on machine learning, AI and actuarial models, is used to build target-qualified opportunities for proactive customer retention and upsell and cross-sell efforts for life and annuity products. The in-force service is available as a module for InsureSight, iPipeline’s data analytics and benchmarking product.

“Data is a power-selling tool, but in the absence of technology to optimize the value of the data that defines client behavior and predicts purchasing needs, it might as well not exist. Our new InsureSight In-Force Service enables Insurers to surface highly qualified revenue opportunities for agents and advisors, which might otherwise not surface,” said Tim Wallace, CEO, iPipeline. “Understanding what life events will drive clients’ future purchasing decisions enables agents and advisors to proactively match the optimal life insurance and financial products to their clients’ needs. We expect carriers and financial institutions to experience a 25% improvement in revenue from the upsell and cross-sell activity. This is transformative for any organization looking to optimize in-force data, and we are excited to offer this new service to the iPipeline customer ecosystem.”

“The InsureSight In-Force Service has been designed to reduce business volatility, monetize current data, and increase overall profitability for life insurers and financial institutions. By enriching the insurers data with iPipeline and 3rd party external data sources, this new service creates more accurate projections for an in-force book of business. It can also predict premium persistency, lapse rates, up-sell, conversion rates, the probability to be under-insured, and more,” said Dror Katzav, CEO, Atidot. “But prediction is just the tip of the iceberg. If you know your data, you can simulate buying scenarios, you can use the projections to manage your capital better, you can get better re-insurance prices, you can focus on desirable customer segments with specific behavior, and you can better navigate your business decisions. We’re excited to be teaming with iPipeline on delivering this new enhancement to the SSG Digital Platform for the North American marketplace.”

iPipeline’s SSG Digital core platform is designed to enable the life insurance and financial services industry to automate and simplify all new business, administration, and in-force management tasks to achieve desirable business outcomes. For assistance in acquiring this new in-force module for InsureSight, contact your assigned sales representative, sales@ipipeline.com, or call 1-800-758-0824, option 2.

About Atidot

Atidot is an insurance technology company empowering the life insurance industry to become data-driven and optimize their book of business with big data solutions and predictive analytics. Founded by a team of data scientists and veteran actuaries, Atidot offers a cloud-based platform that provides data-driven insights to inform decision making, drive new business strategies, and create new revenue streams. Atidot works with leading life insurance and annuities providers to take control of their existing data to upgrade their risk modeling and to improve policyholder behavior prediction to improve sales, retention and in-force management. For more information, visit https://www.atidot.com/.

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our SSG Digital, end-to-end platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in our ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers on a global basis. Our innovative solutions include pre-sales support, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, user-driven configuration, consumer delivery and self-service, and agency and firm management.

iPipeline’s platform is used by more than 135 carriers, 1,350 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley (UK), Burlington (Canada), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.

Life Carriers to Gain Data Analytics Advantage with iPipeline’s New InsureSight Service

EXTON, PA (November 13, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today reported InsureSight® for Carriers with Case Analytics will be made available to life insurance carriers in the first quarter of 2019.Designed to enable carriers to competitively benchmark their sales performance and market penetration, InsureSight analyzes revenue and product performance, BGA productivity, market product preferences by geography, new product entry and buying trends, and comparative case volumes, target premiums, cycle times, placement ratios, and much more across the enterprise and industry.

“Carrier sales can be drastically improved by making more informed, data-driven decisions.Given the depth and breadth of our customer network, we have the ability to analyze large amounts of data and to convert this into anonymous, actionable information for use by our carriers,” said Tim Wallace, CEO, iPipeline.

“InsureSight for Carriers will first focus on providing case analytics, and this will enable heads of distribution to assess wholesaler and BGA performance as well as determine how effectively products are competing on a geographic and demographic basis. Heads of underwriting will gain insight into how their underwriting cycle times and placement ratios compare to competitors by leveraging near real-time data refreshes,” stated Wallace.

“We also see heads of marketing benefiting similarly by conducting a white space analysis, matching products to specific markets based on geographic and demographic data on sales performance, and ultimately evaluating the effectiveness of their outbound marketing efforts,” added Wallace. “InsureSight for Carriers has the potential to deliver a quick and quantifiable increase in sales performance and market penetration for our carrier customers. We’re excited about the launch of this new service.”

The new case analytics and benchmarking service will be launched during Q1 of 2019. Pre-orders for InsureSight for Carriers are being accepted now at a discounted price.

iPipeline’s solutions enable some of the nation’s most successful carriers to achieve new efficiencies, sell more, and remain competitive.To reimagine how you do business and schedule an InsureSight for Carriers demonstration, contact marketing@ipipeline.com today.

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our SaaS-based new business acquisition platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the financial services industry including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers. Our innovative solutions enable automated processing for pre-sales, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, consumer delivery and self-service, and agency and firm management.

iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 130 carriers, 1,300 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley (UK), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.

iPipeline Launches InsureSight Analytics with Premier Brokerage

EXTON, PA (May 15, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced Premier Brokerage Services, a national insurance brokerage firm, has selected InsureSight® Analytics to evaluate organizational and industry performance. InsureSight Analytics, developed by iPipeline’s data analytics and data science team, is a pre-packed analytics and benchmarking solution. By evaluating key performance indicators (KPIs) from cycle time to placement ratio, InsureSight Analytics provides distributors with deep insight into business performance to avoid detrimental outcomes and drive revenue growth.

“InsureSight Analytics represents iPipeline’s first-step initiative to deliver cloud-based analytics and benchmarking to distributors within the life insurance industry. Running an efficient operation is no longer enough. Management needs a holistic view of operations and the resulting insights to improve organizational performance and drive desired growth,” said Tim Wallace, CEO, iPipeline. “We are talking about a deep-dive analysis that detects cases with poor cycle time and identifies performers with low placement ratios. It also provides advanced analytics for use in negotiating partner terms, benchmarks your agency’s KPIs against the industry, and does much more. We are excited about bringing this analytical solution to our distributors now and to our carriers and financial institutions soon.”

“Being informed and knowledgeable are two key components of the business paradigm at Premier Brokerage.The only way to ensure growth and organization performance is to get your arms around the data points,” said Steve Katz, CEO, Premier Brokerage. “We have been a user of iPipeline’s iGO® e-App, Agency Integrator® AMS and other distributor solutions for years, but the ability to drill into the day-to-day operational data and then compare our performance to the industry is an enormous value-added capability. Performance accountability for case managers, CRM owners, and agents is critical to the success of any brokerage firm. My team and I look forward to accelerating our growth through the implementation of InsureSight Analytics.”

iPipeline’s solutions are designed to enable the life insurance and financial services industry to automate and simplify all new business, administration, and in force management tasks to achieve desirable business outcomes. For assistance in reimagining how your organization does business and achieving a competitive advantage, contact sales@ipipeline.com or call 1-800-758-0824, option 2.

About Premier Brokerage Services

Premier Brokerage Services, a nationally acclaimed insurance brokerage firm headquartered near Philadelphia, Pennsylvania, is celebrating a milestone of 20 years of excellence in the industry and service to their community. With key values that extend far beyond standard brokerage models, Premier Brokerage has demonstrated significant commitment to both clients and local charitable organizations since its inception in 1995. We are a full-service brokerage firm providing comprehensive solutions to a variety of clients across the globe. To learn more about how you can work with Premier Brokerage Services, visit us at https://premierbrokerage.com/.

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our SaaS-based new business acquisition platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the financial services industry including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers. Our innovative solutions enable automated processing for pre-sales, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, consumer delivery and self-service, and agency and firm management.

iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 130 carriers, 1,300 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley (UK), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.

For iPipeline:
Lisa Shea
Marketing
lshea@ipipeline.com
484 870 6234

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