Tag: MGAs

Foresters Financial Automates Canadian Advisor Experience with iPipeline’s e-App

Written by iPipeline on . Posted in Press & News.

EXTON, PA (July 30, 2019) – iPipeline®, a leading provider of cloud-based software solutions for the life insurance and financial services industry today announced that Foresters Financial™, a socially responsible provider of financial services to middle-market families, has selected iGO® e-App to automate the selling experience for Canadian independent advisors and their customers. iGO e-App, the most widely deployed wizard-based e-App in North America, is used daily by over 1,350 distributors and financial institutions, and hundreds of thousands of agents and advisors in the U.S. Canadian advisors will be able to simplify and streamline sales by accessing the e-App via Foresters’ and Canadian MGA’s websites.

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.

“Foresters has long been an advocate of iPipeline’s iGO e-App, having put our product to work in the U.S. marketplace with independent agents.The decision to bring our e-App to Canadian MGAs and advisors underscores their commitment as an industry leader to bring innovation and progressive change to the Canadian financial services industry,” said Tim Wallace, CEO, iPipeline. “iPipeline’s recent acquisition of Bluesun in Ontario signals our interest in building a Canadian network of insurers and MGAs, all of whom would use our SSG Digital Platform for a common user experience and gain speed-to-market advantages. We highly value our relationship with Foresters and look forward to becoming their platform of choice in Canada.”

“The reduction in both cycle times and not-in-good-order submissions has accelerated policy issuance and enhanced the Foresters customer experience in the U.S.,” said Bruce Hodges, Chief Operating Officer, Foresters. “Our end goal is to make it easier for Canadian MGAs and their advisors to do business with us.iGO e-App will ensure that 100% in-good-order applications are submitted for processing. Advisors will be paid their commissions sooner, and families seeking life insurance protection and other financial products will receive what they need faster. Going forward, Foresters will investigate the potential to expand the power of this platform across our enterprise.”

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 Foresters Financial

Since 1874, Foresters Financial has been providing socially responsible financial services to individuals and families. Foresters Financial includes The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. Foresters is a purpose-driven organization that exists to enrich family and community well-being and offers insurance products to over three million members and clients in Canada, the US and the U.K. For 18 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best1. For more information please visit www.foresters.com.

Foresters Financial and Foresters are trade names and trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9) and its subsidiaries.

1The A.M. Best rating assigned on August 2, 2018 reflects the overall strength and claims-paying ability of The Independent Order of Foresters (IOF) but does not apply to the performance of any non-IOF issued products. An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for our latest rating.

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.

417679 CAN (07/19), 417679 FR (07/19)

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For iPipeline:

Lisa Shea
Marketing
lshea@ipipeline.com
484 870 6234

For Foresters Financial:

Greg Hubert
Foresters Financial
416-429-3000 Ext: 4044
ghubert@foresters.com

iPipeline Acquires Canadian Solutions Provider Bluesun

Written by iPipeline on . Posted in Press & News.

Exton, PA (March 18th, 2019) – iPipeline® – a leading provider of cloud-based software solutions for the financial services industry – today announced the acquisition of Bluesun, a leading provider of software solutions to the life insurance and financial services industry in Canada.Bluesun designs software products to automate core business processes for MGAs, national accounts, mutual fund dealers, banks and insurance companies. Their client base includes nearly 70% of all Canadian life insurers and agencies.

“Canadian insurers and financial institutions are looking to rapidly merge into the fast lane of digital transformation.Bluesun has done an outstanding job of steering them in the right direction as a strategic and tactical partner,” said Tim Wallace, CEO, iPipeline. “The acquisition of Bluesun gives us the opportunity to combine the synergies of the two companies and present our Canadian clients across the industry with an innovative, straight-through processing platform strategy that has been proven effective by our U.S. customers.We’re excited about the growth potential and confident about the value we can deliver together through industry leadership and innovation.”

“iPipeline is the clear leader in straight-through processing, platform modernization, accelerated underwriting, wealth management automation, and data analytics, all of which are top of mind for executives in the Canadian market place. The industry is ready to go digital,” said Simon Tomlinson, Founder and Chief Executive Officer, Bluesun. “Bluesun’s software solutions for life insurance sales, case management, and policy administration, when combined with iPipeline’s extensive offerings, will take our clients to the very leading edge and drive sales, settlement and administration of life insurance through any channel the consumer wants to choose. This will now be possible using one partner for every step in the process that takes the consumer from prospect to policyholder using a Canadian multicarrier platform. Our goal is to be a part of every life insurance transaction in Canada, and our acquisition by iPipeline is a huge step forward to accomplishing this mission.”

“For more than a decade, iPipeline has had an intense focus on making strategic acquisitions that cumulatively increase our value to the life insurance and financial services industry. Canada has been in our sights for years, and the acquisition of Bluesun enables us to extend our reach into a geography that is committed to digital transformation,” said Larry Berran, COO and CFO, iPipeline.“Bluesun’s team brings forged relationships based on years of customer engagement. We look forward to the opportunity to extend their value proposition by delivering new innovations to accelerate the pace of business.”

To learn how you can implement iPipeline’s SSG Digital straight-through processing platform to streamline and accelerate new business acquisition and in-force management processes and better engage the digital customer, contact sales@ipipeline.com or call 1-800-758-0824, option 2.

About Bluesun

Bluesun is a leading provider of software solutions to the financial services industry. Bluesun’s mission is to deliver painless software solutions to its clients. This means easy-to-use, intuitive software, with hassle-free installation and responsive, class-leading service. Today, Bluesun has over 30 clients in Canada and the US and handles almost 70% of all Canadian life insurance business in the independent channel. Bluesun was founded in 2001 with its head office located in Burlington, Ontario. For more information, visit www.bluesun.ca.

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our 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 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), Burlington (Canada), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.

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For iPipeline:

Lisa Shea
Marketing
lshea@ipipeline.com
484-870-6234