Tag: press release

iPipeline Reports $31 Billion in Annuity Transactions Processing for 2018

EXTON, PA (January 15, 2019) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced a record increase in the number of annuity transactions processed using their AFFIRM for Annuities product in 2018. AFFIRM® for Annuities is used by the nation’s largest financial institutions and their 35,000 advisors to execute order entries for variable and fixed indexed annuities.

AFFIRM for Annuities streamlines and accelerates the order-entry process by supporting customized workflows and suitability reviews, enabling financial institutions to meet their stringent requirements for FINRA, SEC and state compliance.

“A review of our 2018 processing data indicates advisor use of our AFFIRM order entry solution has continued to trend upwards. The total number of annuity transactions processed through AFFIRM has grown to over 240,000 with total deposits in 2018 reaching $31 billion,” said Tim Wallace, CEO, iPipeline. “This uptick is, in part, a testimony to the increasing value being derived by institutional clients and their advisors through our investments in improving the versatility and usability of AFFIRM.”

“AFFIRM has become the software of choice among top-tier financial institutions. Our ability to combine complex carrier product rules with the institutions’ compliance processing needs has enabled us to positively influence how advisors do their daily jobs, while ensuring that only 100% ‘in Good Order’ transactions are processed,” added Wallace. “Fixed indexed annuity sales and variable annuity assets hit record quarterly highs according to the Insured Retirement Institute (IRI).According to the IRI, industry-wide annuity sales hit $54.9 billion in the third quarter of 2018 with the fourth quarter results expected to be strong. The demise of the DOL fiduciary rule last spring, changing economic conditions, and the broadening acceptance of our next-generation order-entry solution account for much of the increase in transactions and total deposits.”

iPipeline’s Connections 2019 User Meeting & Conference will be held at the Aria Resort & Casino in Las Vegas from March 17-19. To hear outstanding keynote speakers, explore products in demonstrations, and attend the more than 70 in-depth workshops with top executives from the Life Insurance and Financial Services industry, register today.

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 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

World Financial Group Modernizes with iPipeline’s AgentOne and Salesforce.com

EXTON, PA (December 13, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today reported World Financial Group Insurance Agency, Inc. (WFG), an insurance agency with over 50,000 agents, has launched the AgentOne app to modernize their new business platform.

The enterprise-wide deployment enables WFG’s agents to use AgentOne as a mobile, single-point of access to CRM data and iPipeline’s software for the marketing, selling and processing of life insurance and annuity products within Salesforce.com. The mobility of the solution enables associates to always be connected to the families they serve. WFG and its affiliated companies offer multi-carrier term, universal life, medical supplement, fixed annuity, and disability products to meet their clients diversified financial needs.

“WFG’s deployment of AgentOne marks a critical milestone for iPipeline. AgentOne was designed to provide agents and financial advisors with a streamlined, single point of access to our software applications within Salesforce.com. For mobile organizations seeking to drive efficiency and the success of their individuals, AgentOne provides immediate access to the tools needed to get the job done,” said Tim Wallace, CEO, iPipeline. “WFG’s agents can run quotes, complete e-Apps, execute order entries, access case status, and leverage e-Policy delivery without signing in and out of various applications.Our goal is to simplify their jobs and help them to better service the needs of families by providing an outstanding user and customer experience.”

“Having the right technology in place supports our recruitment efforts and the success of our agents.We decided to partner with iPipeline on the launch of AgentOne to deliver a unified platform to modernize how we work,” said John Joseph, Chief Strategy Officer for WFG. “The customer journey hinges on how our mobile field force works. With AgentOne, our people are always equipped with what they need and connected with the families they serve. This is helping us to improve our relationships with the carriers we represent and with our customers for life.”

iPipeline’s AgentOne app enables some of the nation’s most successful organizations to achieve new efficiencies and optimize selling opportunities by improving the agent, advisor, and customer experience. To reimagine how you do business and learn more about our industry-leading solutions, contact marketing@ipipeline.com today.

About World Financial Group Insurance Agency, Inc.

World Financial Group Insurance Agency, Inc. (WFG), a Transamerica Company, is an insurance agency whose agents offer a broad array of financial products and services through WFG and affiliated companies. Over 50,000 WFG agents offer life insurance and annuity solutions to middle-income individuals and families.

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.

Amica Partners with iPipeline on Digital Transformation

EXTON, PA (December 4th, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today reported Amica Life Insurance Company, a national provider of life and annuity insurance products, is partnering with iPipeline on its groundbreaking digital transformation project. The collaborative effort will result in one of the industry’s most integrated, end-to-end direct-to-consumer (DTC) experiences, making it easier and faster for consumers to purchase life insurance in a fully digital environment. The project features seamless integration of iPipeline’s Illustrations, iGO® e-Application, and Resonant® automated underwriting products with Amica’s policy administration system.

“DTC is rapidly emerging as a critical component in any life insurance carrier’s selling mix.The Amica project represents a flagship opportunity for iPipeline to showcase how our integrated solutions can digitize and modernize the entire DTC buying process and deliver speed-to-market advantages,” said Tim Wallace, CEO, iPipeline. “This implementation will streamline the consumer experience by reducing the number of steps required of them, while making Amica’s business processes and employees more efficient.”

“Our decision to partner with iPipeline aligns with our goal of enhancing the customer experience and improving internal processes through next-generation technologies that deliver operational improvements,” said Andy Mudra, Vice President, Amica. “Our customers have always been our top priority, and that relationship begins with the application process. We are committed to providing a seamless experience for all of our customers and applicants, regardless of how they choose to engage with us – be it online or directly with one of our sales representatives. Our life insurance application process must continue to evolve with the ever-changing needs of today’s consumers, and we are excited about launching this modern buying experience.”

iPipeline’s integrated solutions enable some of the nation’s most successful organizations to achieve new efficiencies and optimize selling opportunities by improving the agent, advisor, and customer experience. To reimagine how you do business and learn more about our industry-leading solutions, contact marketing@ipipeline.com today.

About Amica Life

Amica Life Insurance Company, a wholly owned subsidiary of Amica Mutual Insurance Company, was founded in 1969.Amica Life, based in Lincoln, Rhode Island, offers life insurance and retirement products directly to customers. Through its products and services, Amica Life aims to be the most trusted and innovative service provider by securing and simplifying the most important aspects of its customers’ lives.The company has also earned a rating of A+ (Superior) from A.M. Best, a leading insurance rating agency and the nation’s authority on insurance company financial stability. For more information, visit AmicaLifeLessons.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

For Amica:

Media inquiries can be directed
to MediaCenter@amica.com

iPipeline Launches iSolve to Simplify and Streamline Life Insurance Marketing and Sales

EXTON, PA (November 27, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced the launch of iSolve™, a new research and quoting product for permanent life insurance policy sales. Designed to simplify and streamline the process of identifying and quoting life insurance options for consumers, iSolve enables agents to conduct one simple and secure search, which returns multiple life insurance options in the form of financial illustrations. Early BGA adopters of this new agent marketing and selling product include Brokers International, Levinson and Associates, AdvisorNet Financial, and Empire Insurance Brokerage.

“Clients can be very demanding when exploring life insurance policies. They expect to see multiple purchasing options for a variety of scenarios and prices, and this is an exhaustive and complex undertaking,” said Tim Wallace, CEO, iPipeline. “With iSolve, our new research and quoting product, marketers are no longer forced to spend hours creating multiple illustrations to cover all the policy options a client might want to review.”

“iSolve has database housing values for every possible illustration solve scenario, which include premiums, target premiums, cash surrender values, distribution amounts, internal rates of return and guarantee years for all the top insurance companies,” added Wallace. “Millions of data combinations are at the agent’s fingertips, making it simple to compare sales scenarios for various carriers in the industry. It’s all about speed to market in this industry, and we see iSolve as a valuable marketing innovation for anyone selling life insurance.”

“We are excited to invest in a software that is going to streamline many of our internal processes. We have been looking for some time for a product just like iSolve,” said Ryan Witte, Senior Vice President of Sales, Brokers International. “As an early adopter of the solution, we look forward to providing real-time feedback to influence the next round of updates for the product.”

“As a leading IMO providing our 15,000 agents nationwide with the latest in technological innovations, we are always searching for the next ‘game changer’ to help our agents streamline their business, save time, and gain a speed-to-market advantage,” said Bill Levinson, Managing Partner, Levinson and Associates. “iSolve makes the task of researching and quoting multiple carrier perm products a simple, accurate and extremely quick process. This is potentially a real game changer for us, and we are expecting immediate adoption across our agent base.”

“AdvisorNet was looking for a tool to make running illustrations more efficient for both our advisors as well as our internal and external wholesalers. We often create spreadsheets and run countless illustrations which takes an enormous amount of time,” stated Aaron Niedorf, Vice President of Insurance Operations, AdvisorNet Financial. “With this new illustration tool, our staff will save time and our advisors will have the ability to make changes and run different scenarios without requiring assistance. This will cut down on the back and forth for the rerunning of illustrations and creating of manual spreadsheets. We are viewing this as a win-win for everyone.”

“As a life insurance brokerage, we take great pride in providing our brokers with the ultimate products and tools needed to simplify the complexities of the life insurance market,” said David Braver, Principal, Empire Insurance Brokerage (EIB Inc.). “iSolve is an innovative and powerful tool, which will save our brokers a lot of time and enable them to close more cases rapidly and efficiently. We view iPipeline as a solutions provider driving innovation within the life insurance industry, and we are excited to jump-start this new product deployment with our agents.”

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 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

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.

Prudential to Enhance Customer and Producer Experience with iPipeline’s e-Delivery Solution

EXTON, PA (November 6, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today reported Prudential, a financial services leader with more than $1 trillion in assets under management, has selected the DocFast® e-Delivery solution to improve speed, customer and producer experience, scalability and flexibility. DocFast and other iPipeline selling and processing solutions are currently in use at Prudential, serving as key components in their digital transformation strategy.

“During the past decade, I have seen Prudential implement iPipeline’s transformative solutions to improve the new business process.Our solutions are designed to eliminate errors in applications and increase business velocity, and that results in higher placement rates by reducing cycle times,” said Tim Wallace, CEO, iPipeline.

“Both customers and producers have high expectations for a quick and simple digital experience.DocFast supports two-way communications, 2Factor authentication, and accelerated document delivery,” added Wallace. “When everything happens rapidly, you have happier customers and faster commission payments for producers. Our goal is to enable near real-time processing for an industry in which speed and flexibility equate to success and result in immediate protection for individuals and families who need it.This is the focus of innovation at iPipeline.”

“Unlike some carriers implementing e-Delivery, Prudential’s business case for implementing DocFast revolved around speed, experience, scalability and flexibility. Today’s customers view technology as a necessity and not as a convenience, and we want to meet their expectations including where, when and how they would like to take delivery of their product.Similarly, our producers are demanding e-Delivery to simplify the activity, track status in real-time, and get away from paper, postage and time in the mail,” said Dan Jennings, Vice President Operations, Prudential.

“So far, the delivery results show that issued-to-placement cycle times have been cut in half from 14 to 7 days, and we see an opportunity to improve more on these times,” said Jennings.“iPipeline’s e-Delivery solution with two-way communications and tight security is accelerating our new business process and enabling us to expand our digital transformation strategy to enhance both the customer and producer experience.”

DocFast, an iPipeline e-Delivery innovation, enables some of the nation’s most successful carriers to achieve new efficiencies and sell more. To reimagine how you do business and schedule a DocFast demonstration, contact marketing@ipipeline.com today.

About Prudential

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion in assets under management as of March 31, 2018, has operations in the United States, Asia, Europe and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.prudential.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.

ELCO Mutual Selects iPipeline Illustrations for Business Modernization

EXTON, PA (October 23, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today reported ELCO Mutual Life and Annuity has selected iPipeline Illustrations for business modernization as a core component in a comprehensive end-to-end digital strategy. iPipeline Illustrations is the most widely used, customer-proven illustrations solution available to carriers in the US insurance industry.

“The benefits derived from a modern illustrations platform include increased speed to market, flexibility, improved agent productivity, and higher customer satisfaction to advance sales. We have repeatedly demonstrated our value over competitor and home-grown solutions, and this has earned us high marks as a trusted partner with our customers,” said Tim Wallace, CEO, iPipeline. “We provide the core functionality and scalability needed to meet the demands of carriers and their agents and to ultimately help them sell more. The ELCO Illustrations project is a top-priority implementation for iPipeline.”

“Our decision to purchase iPipeline Illustrations was reached after evaluating the dominant offerings in the marketplace today. SaaS-based software, modern functionality, speed, scalability, and the option to integrate Needs Analysis and Advanced Sales in the future were on the top of our list,” said Richard Leach, Senior Vice President, ELCO Mutual. “iPipeline’s track record, guidance throughout the evaluation process, and our access to their network of 1,300 distributors for product sales convinced us to bring in their proven technology.”

iPipeline Illustrations enables some of the nation’s most successful carriers to achieve new efficiencies and sell more by improving the agent and customer experience. To reimagine how you do business and learn more about our industry-leading solutions, contact marketing@ipipeline.com today.

About ELCO Mutual Life and Annuity

For 70 years ELCO Mutual Life and Annuity has helped individual customers grow and protect their investments. Today, ELCO is known for its outstanding customer service and for providing seniors with specialized products. ELCO defines itself as “service, stability, protection since 1946.” For more than thirty years ELCO has concentrated on developing plans to provide seniors with financial solutions to estate and survival problems. In years past ELCO pioneered products such as polio and cancer indemnification plans as well as various specialized life programs. For more information, please visit www.elcomutual.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:

Christin Meikle
Marketing
cmeikle@ipipeline.com
484 870 6232

iPipeline Launches iGO Link for Digitized Paper

EXTON, PA (October 9th, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced the launch of iGO Link. iGO® Link,an iPipeline innovation, is the “missing link” in the life insurance industry’s new business application process. It allows agents to complete a paper application while leveraging all the benefits derived from iGO e-App for straight-through processing speed. iGO e-App® is the most widely used wizard within the North American insurance industry for the processing of digital applications.

“We are extremely pleased to bring this innovation to the life insurance industry. Despite the move toward digitization within the industry, paper applications are still being submitted by agents and processed in abundance. The use of paper adds enormously to processing costs, introduces errors, leads to delays and cycle time, and results all too often in lost business,” said Tim Wallace, CEO, iPipeline. “The good news is iGO Link solves the problem and is already in use with a top 10 U.S. life insurance carrier.iGO e-App customers already have the majority of what they need in place. Future iGO e-App customers can simply add iGO Link as a powerful capability in their end-to-end digital strategy.”

“Agent behavior is very difficult to change. What is unique about iGO Link is its ability to easily digitize, correct and process a paper application to produce an in Good Order application without changing the agent’s preferred submission method. We use machine learning to convert the paper app to XML data, without data entry, and produce an iGO e-App,” said Bill Atlee, Chief Strategy Officer, iPipeline.“Agents can still complete a paper application and then electronically clean and e-Submit it for accelerated, straight-through processing. The gains are enormous. Carriers can also leverage their existing iGO e-App infrastructure to now achieve 100% agent adoption. iGO Link has the potential to deliver a rapid and substantial ROI to insurers using this innovation.”

iPipeline is focused on delivering industry innovations to enable end-to-end digitization for business velocity. To reimagine how you do business and schedule an iGO Link 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.

Sagicor’s DTC Portal Delivers Premier Customer Experience Powered by iPipeline’s Resonant NB&UW and DocFast e-Delivery Solutions

EXTON, PA (September 25th, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today reported Sagicor Life Insurance Company (Sagicor), an industry innovation leader, has deployed Resonant® New Business & Underwriting (NB&UW) and DocFast® for e-Delivery solutions to power their new Direct-to-Consumer (DTC) portal, SagicorNow®. SagicorNow® offers buyers accelerated underwriting approvals and policy delivery with online purchasing and no required medical exam for the Sage Term 10,15 and 20-year life insurance products, which are available in 22 states today and 46 by the end of the year.

“Distribution is ripe for digitalization.Digitized underwriting and policy delivery enable online distribution, allowing insurers like Sagicor to cast a wider net and embrace today’s younger buyers who seek a virtual online experience,” said Tim Wallace, CEO, iPipeline.“Underwriting decisions are powered by the Resonant rules engine providing nearly instantaneous decisioning, and polices are delivered immediately via DocFast to greatly reduce cycle times and dramatically increasing placement ratios.Without a doubt, Sagicor has taken a major step forward to innovate how they attract individuals from the underserved market. We are pleased to play a critical role in their offensive strategy to expand market share.”

“Underwriting and policy delivery digitalization removes barriers to purchasing with individuals put off by time consuming and complex life insurance buying activities.Our goal is to keep it quick and simple, and when desired, allow the consumer to use live chat at our site to secure answers to questions. After evaluating multiple options, we innovated a new solution with iPipeline to achieve our vision for a totally automated process,” said Mike Stricker, CAO, Sagicor. “SagicorNow® enables consumers to purchase up to $1,000,000 in term coverage or up to $250,000 of whole life coverage through a virtual experience. Our focus is to increase the velocity of new business sales by leveraging best-of-breed technology, such as that provided by iPipeline.Together, we have managed to launch a solution that provides our family, friends and neighbors with a premier purchasing experience along with outstanding support.”

iPipeline is focused on delivering industry innovations to simplify and accelerate your new business and policy administration/in force management requirements in a modular platform. To reimagine how you do business and schedule Resonant NB&UW and DocFast for Policy Delivery demonstrations, contact marketing@ipipeline.com today.

About Sagicor

Sagicor Life Insurance Company is a full-service life insurance company that helps clients make wise financial decisions today to ensure they’re protected tomorrow. Sagicor is licensed in 45 states and the District of Columbia and is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings). Sagicor is a wholly-owned subsidiary of Sagicor Financial Corporation Limited. Founded in 1840, it is one of the oldest insurance groups in the Americas, with operations in 22 countries mainly in the United States, Central America and the Caribbean. Sagicor is committed to offering customers world-class service with integrity and value. Visit https://www.sagicorlifeusa.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.

BCS Insurance Agency to Offer Annuities through Four Seasons Financial Using iPipeline’s Multicarrier Platform

EXTON, PA (September 11, 2018) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced BCS Insurance Agency (BCSIA) will offer fixed and fixed indexed annuity products through Four Seasons Financial Group using SimplyAnnuityTM powered by iPipeline’s multicarrier AFFIRM® for Annuities order entry module.

AFFIRM for Annuities is a compliance and order management system designed to integrate a carrier’s complex product rules with a distributor’s compliance processing requirements (customized workflows and suitability reviews) to generate transactions that are “in good order.” Compliant annuity applications are electronically submitted to carriers for processing after successfully passing all supervisory reviews.

“BCSIA’s value-added approach to selling makes perfect sense to agents looking to offer their clients diversified financial services. Customer loyalty hinges on the buyer’s perception of value and service delivery,” said Tim Wallace, CEO, iPipeline. “With Four Seasons Financial providing BCSIA access to iPipeline’s advanced AFFIRM for Annuities platform, BCSIA will be better positioned to meet its mission of providing a full portfolio of products to its distribution partners.”

“While our partners have traditionally sold health insurance products, we made the strategic decision to break the mold, automate the process using SimplyAnnuityTM, and offer fixed and fixed indexed annuities to our partners,” said Dave Burghard, President, BCSIA. “Our philosophy is simple: insurance and financial products should be easy to purchase and simple to understand. Our decision to offer these annuities is just another part of our expanding capability to provide families what they need now and in the future.”

“While we have historically partnered with key financial services organizations – banks, broker-dealers, credit unions – we are now marketing to insurers to strategically expand their product offerings of life insurance and annuity products, automate the selling and buying process, and grow their revenue. BCSIA represents the future of one-stop selling and purchasing of diversified products,” said Jim Sorebo, CEO, Four Seasons Financial. “Given the right tools and support, there is a huge, untapped opportunity to sell these simple annuity products. SimplyAnnuityTM, powered by AFFIRM, has proven to be a powerful tool to streamline our business processes, and we are confident BCSIA will have the same experience.”

About BCSIA

BCS Insurance Agency (BCSIA) is a wholly owned subsidiary of BCS Financial Corporation (BCS). For over 70 years, BCS has provided innovative financial and insurance solutions through its partners and distributors. BCS has insurance licenses in all 50 states and is rated A- (Excellent) by A.M. Best. To learn more about BCS or BCSIA please visit our website at http://bcsins.com/.

About Four Seasons Financial Group Inc.

Four Seasons Financial Group Inc., founded in 1993, is a national wholesale provider of insurance and investments products and the technology solutions to streamline selling and buying processes to the institutional markets. FSFG works with over 250 banks and broker-dealers and over 5,000 financial advisors. Visit: www.fsfginc.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.