Tag: press release

Raymond James and OneAmerica to Deploy iPipeline’s DocFast e-Delivery Solution

Exton, PA (June 6, 2017) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance industry – today announced Raymond James® and OneAmerica® will be deploying iPipeline’s DocFast® e-Delivery solution. Designed to optimize digital interaction between sellers and their customers, DocFast will initially be used to deliver life insurance policies and related documents based on a collaborative workflow including the insurer, distributor, financial advisor and customer. Raymond James currently has approximately 7,200 affiliated advisors.

“The insurance industry prints billions of pages of documents per year to do business. This is done at an astronomical cost, and this paper-based process creates roadblocks to streamlining the selling and buying of insurance,” said Tim Wallace, CEO, iPipeline. “Today’s digital customer expects communications and documents, including insurance policies, to be delivered electronically. DocFast has been designed to fulfill this need specifically for the insurance industry. Raymond James and OneAmerica are leading the way and setting the pace for others to follow.”

“At Raymond James, we embrace technology that enhances the advisor client relationship and that strengthens our position as an industry leader in technology. Our ability to exceed the expectations of clients includes providing them with the best client experience, technologies, and a higher caliber of service,” said Beth Maziad, Senior Vice President, Private Client Group Investment Product Operations, Raymond James. “DocFast is designed to specifically meet the needs of the life insurance industry and is an easy-to-use tool for our advisors to help better serve their clients. Our recent pilot with OneAmerica demonstrated positive results, and we see the solution launch taking us one step closer to achieving our digital transformation goals. e-Policy delivery for life insurance will be rolled out to clients first with annuity contract deliveries following in the future.”

“The ability for our customers to use DocFast to review our policies through Raymond James is a tremendous step forward. At OneAmerica, we’re committed to continually improving customer experience, and Raymond James’ deployment of DocFast makes doing business easier, faster and more efficient for financial professionals and policyholders,” said Gregg Poston, Vice President, Individual Operations, OneAmerica. “Based on their extensive knowledge of how the life insurance industry works, iPipeline has created a unique e-Delivery solution to enable us to more effectively engage our digital customers. DocFast has filled a technology gap, and we are pleased to be working with Raymond James on the rollout.”

DocFast for e-Delivery is also now available with iPipeline’s unique upsell feature, which allows the customer to increase coverage based on pre-approved amounts. Customers receive pre-approved coverage options that encourage policy upsell opportunities. Customers can also increase their death benefit, change term lengths, and select payment modes in an intuitive user interface. Premiums are automatically recalculated and policies amended without a lengthy re-issue process.

To learn how you can explore iPipeline’s diversified solutions to support all of your key business needs and improve the customer experience, contact sales@ipipeline.com.

About Raymond James

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has 7,200 financial advisors serving approximately 3 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are $643 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com.

About OneAmerica

A national leader in the insurance and financial services marketplace for 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset based long-term care solutions and employee benefit plan products.

Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources that are committed to providing value to our customers. Visit https://www.oneamerica.com/.

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for the life insurance industry. Through our SaaS solutions, we accelerate and simplify insurance sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers and general agencies) and consumers. Our innovative solutions enable automated processing for pre-sales, new business and underwriting, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.

iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 120 carriers, 875 distributors and financial institutions, and their producers and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Cheltenham (UK), Fort Lauderdale, Huntersville, Philadelphia, Pleasanton, Salt Lake City, and Vancouver. Visit www.ipipeline.com.

Raymond James and iPipeline are not affiliates of the companies of OneAmerica.

For iPipeline:

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

Bluesun Signs Reseller Agreement to Expand iPipeline’s Market Share in Canada

Exton, PA (May 16, 2017) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance industry – today announced Bluesun, a leading provider of software solutions to the Canadian financial services industry, has become the exclusive reseller and implementation partner of iPipeline’s iGO e-App®, DocFast® e-Delivery, Illustrations, and XRAE® health class rating solutions for the Canadian marketplace. Bluesun currently handles more than 70 percent of all Canadian life insurance business from the independent channel. This relationship signals iPipeline’s and Bluesun’s commitment to provide the best in marketing, selling and processing solutions to the Canadian market.

“We have decades of experience in creating and delivering innovative technologies that move the needle for top carriers, distributors, and financial institutions in the US. While we are not strangers to the Canadian marketplace, it is important to align ourselves with Bluesun, who has extensive industry experience in life insurance and mutual fund software solutions, to collaborate with us on implementations,” said Tim Wallace, CEO, iPipeline. “iPipeline’s 2016 Canadian Insurance Summit was well attended in Toronto by top Canadian industry executives and allowed us to deeply explore the market. Our ideas and solutions were embraced, and the level of receptivity compelled us to engage the best software company in Canada to resell our solutions. We are excited about the reseller agreement and looking forward to working with Bluesun in Canada.”

“iPipeline has laid the groundwork in the US, which can ultimately enable Canadian insurers and financial institutions to achieve new efficiencies, greater productivity, and accelerated growth. The market is ripe for innovation in Canada, and today’s millennial advisors and consumers are asking for next-gen technology,” said Mike Donati, President and CEO, Bluesun. “Technological change is inevitable with increasing competition, so the industry is strategically focused on modernizing how insurance and financial products are sold and processed. The use of data and improved software can result in better risk assessment and pricing models, and this all drives growth.By taking iPipeline’s solutions into the Canadian marketplace, Bluesun can support this positive outcome.”

To learn how you can explore iPipeline’s diversified solutions to support your key business needs and improve the advisor and consumer experience in Canada, email info@bluesun.ca or call 1 (877) 565-1828.

About Bluesun

Bluesun is a leading provider of software solutions to the financial services industry. Our 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 handles more than 70 percent of all Canadian life insurance business in the independent channel. Bluesun was founded in 2001 and is headquartered 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 industry. Through our SaaS solutions, we accelerate and simplify insurance sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers and general agencies) and consumers. Our innovative solutions enable automated processing for pre-sales, new business and underwriting, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.

iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 120 carriers, 875 distributors and financial institutions, and their producers and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Cheltenham (UK), Fort Lauderdale, Huntersville, Philadelphia, Pleasanton, Salt Lake City, and Vancouver. Visit www.ipipeline.com.

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

AimcoR Group Advances Digital Transformation for Producers with iPipeline e-ssentials BGA Toolset

Exton, PA, April 4th, 2017

iPipeline® – a leading provider of cloud-based software solutions for the life insurance industry – today announced AimcoR Group, a national insurance marketing organization, selected their e-ssentials® BGA toolset to modernize the marketing, selling and processing of life, annuity, long-term care, and disability products. Their decision to move ahead with iPipeline marks an industry trend to better equip producers to gain speed-to-market advantages and improve the buying experience for millennials through the introduction of next-generation technologies.

“We understand that every dollar saved by a BGA adds to the bottom line and that technology is critical to driving efficiency and profitability. We wanted to make an all-in-one package that is affordable, so we created e-ssentials, and it has been a game-changer for the US distribution industry,” said Tim Wallace, CEO, iPipeline. “There is a strong expectation among next-generation producers and millennial buyers to execute transactions using today’s available technologies. Our e-ssentials package includes everything from quotes, health class determination, and iGO e-Application to DocFast e-policy delivery and upsell, and save-and-store functions. We are excited to see AimcoR leading the way with its members in this national deployment of our advanced producer solutions.”

“Digital transformation is a critical component of the continued success of our industry. AimcoR has long been an advocate of change and this is reflected in our efforts to transform our business by forging national relationships with key technology providers like iPipeline,” said John Ziambras, President and CEO, AimcoR Group. “Their e-ssentials BGA toolset will enable our members to deliver a seamless, multi-carrier and multi-product straight-through-processing (STP) package to their current and future producers.”

“The ability to effectively engage with, sell to and service tomorrow’s insurance consumer is of paramount strategic importance to our organization,” added Ziambras. “With the youngest agency roster in the industry and millennials emerging as our largest collective selling opportunity, we are viewing this partnership as an opportunity to blaze a new trail and have a positive impact on our industry’s performance as whole.”

To learn how you can explore iPipeline’s diversified solutions to support all of your key business needs and improve the customer experience, contact sales@ipipeline.com.

About AimcoR Group

AimcoR Group, LLC, is a national Insurance Marketing Organization that distributes and services life insurance, retirement, and investment products through a variety of platforms. Employing multi-year strategies that incorporate national business-to-business capabilities, focusing on institutional and alternative distribution channels, driving consumer engagement, and leveraging the latest marketing and technology trends, AimcoR works in conjunction with its internal and external partners toward the common goal of Business Transformation in an industry ripe for change. AimcoR holds fast to a vision of delivering innovation, developing new markets, and achieving steady, sustainable, and ethical growth. Member offices are located throughout the United States. For more information, visit www.aimcorgroup.com or call 866-428-0108

iPipeline Acquires Resonant

Exton, PA (January 23, 2017) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance industry – today announced the acquisition of Resonant®, an emerging provider of Integrated Life Underwriting Solutions (ILUS). The acquisition further expands iPipeline’s industry-leading platform, moving them to the forefront of automated underwriting with Resonant’s breakthrough software and innovation. Resonant’s self-service capabilities allow insurers to define, manage products, and operationalize underwriting guidelines in a Microsoft Word-like format. Resonant’s customers experience a 30% productivity improvement and a 90% faster pace of change while maintaining 100% compliance.

“iPipeline’s acquisition of Resonant comes at a time when the industry needs to achieve higher levels of automation for underwriting activities. Although underwriting has been traditionally a manual, labor intensive activity, it can be substantially automated by addressing the complete lifecycle,” said Tim Wallace, CEO, iPipeline. “Resonant’s unique ILUS is driven entirely by customer-stated guidelines, which are based on business decisions and processes, so this allows insurers to easily manage products and their operational and underwriting guidelines. Our goal is to take the complexity out of the underwriting tasks through automation while allowing each insurer to manage to their risks. The acquisition of Resonant will enable our customers to achieve greater operational efficiencies and speed-to-market advantages to fuel growth.”

Resonant’s Adaptive Process Platform is at the heart of ILUS and addresses the complete lifecycle of the new business and underwriting process, starting with guideline definition, case management, decision support, and real-time monitoring of all business decisions and processes. The Adaptive Process Platform aggregates information gathered from users and third party vendors and can straight-through automate and process compliant cases, whether they are medically underwritten or jet underwritten. Resonant’s ILUS also facilitates underwriter decisions when needed and manages all activity in the end-to-end new business and underwriting process. All actions and decisions are driven entirely from the stated guidelines.

“Most insurers find that their underwriting technology has yet to achieve a high level of effectiveness. This is what is unique about Resonant’s ILUS. We fit a sweet spot that no one else has been able to fill,” said Dr. Brian Falkenhainer, Founder and CEO, Resonant. “As a complement to iPipeline’s industry-leading platform, we offer today’s most advanced new business and underwriting solution at the industry’s lowest cost of ownership, with deployment in as little as 90-days. We are confident that our ILUS will serve as a strong addition to the iPipeline platform.”

“We are excited to welcome the Resonant employees as part of our team. Dr. Falkenhainer and his team have built a great technology and customer base that fits well with our product portfolio as we continue to pursue strategic acquisitions to complement our platform,” said Larry Berran, COO & CFO of iPipeline. “Resonant is carving out a leadership position in the deployment of next-generation ILUS, and we are pleased to offer this solution to our customer base.”

To learn how you can implement iPipeline’s Resonant ILUS to support your automated underwriting needs, contact sales@ipipeline.com or call 1-800-758-0824, option 2. Visit http://resonant-software.com/.

About Resonant

Resonant offers process management and decision support applications for life insurance carriers that substantially improve the discipline and productivity of underwriting and new business operations. Working directly from product, operational, and regulatory guidelines, Resonant’s applications leverage existing systems to provide a unified environment that intelligently manages the overall process down to the individual case. The result is improved productivity, streamlined compliance activities, and accelerated decision making. http://resonant-software.com/

About iPipeline

iPipeline is a leading provider of cloud-based software solutions for the life insurance industry. Through our SaaS solutions, we accelerate and simplify insurance sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers and general agencies) and consumers. Our innovative solutions enable automated processing for pre-sales, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.

iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 120 carriers, 875 distributors and financial institutions, and their producers and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Cheltenham (UK), Fort Lauderdale, Huntersville, Philadelphia, Salt Lake City, and Vancouver. Save the date for iPipeline’s Connections 2017 User Meeting & Conference on March 15-17 at the ARIA in Las Vegas. Visit www.ipipeline.com.

For iPipeline:
Lisa Shea
Marketing
lshea@ipipeline.com

484-870-6234

iPipeline Reports AFFIRM Platform Processed 200,000 Annuity Transactions in 2016

Exton, PA (January 19, 2017) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and annuity industry– today reported its AFFIRM® Order Entry Platform processed approximately 200,000 annuity transactions in 2016. The AFFIRM Platform is an order entry system used by the nation’s largest and most respected financial institutions to extend the digital buying and selling journey for advisers. AFFIRM is a deeply integrated platform that enables and supports customized workflows and suitability reviews to ensure FINRA, SEC and state compliance.

“In 2016, we continued to invest heavily in R&D to enhance the AFFIRM Platform and ensure its reliability and success for our current and future customers. We recognize the industry is changing and that we need to evolve the platform to address current technology and security demands,” said Tim Wallace, CEO, iPipeline. “In 2016, we enhanced the architecture, migrated our servers, and continued efforts to modernize the platform by upgrading to the latest version of ACORD to support Department of Labor (DOL) data standards for Product Profiles for Annuities (PPfAs) and industry standard data. We also continued to provide distributors additional self-service functionality and additional tools to craft a deeply integrated and customized user experience.” 

“While reliability is key to transaction execution, maintenance of secure platforms is top-of-mind for our customers, so we also invested an additional $2 million in 2016 to protect clients against potentially harmful threats,” added Wallace. “All of the ‘bells and whistles’ in the world are meaningless if transactions cannot be executed by advisers with high confidence. Our investments will continue to improve what we believe is the best-in-class platform within the industry.”

AFFIRM provides the functionality of a wizard-based user interface with uniformity across all insurer products to optimize an adviser’s daily experience and productivity. AFFIRM supports the selling and processing of annuity and life products and is easily configured to support the unique workflows required by many of the nation’s leading financial institutions.

Core capabilities and distinguishing features include:

  • Wizard (not forms-based) user experience
  • Multi-carrier order entry for annuities and life
  • Fully configurable suitability and compliance options
  • Integration with comparison tools
  • Configurable distributor screens and questions
  • Service-enabled to integrate with adviser’s existing desktop experience
  • Driven by industry standard-based PPfA product definitions
  • Pre-built DTCC™ connectivity to carriers


To learn how you can implement iPipeline’s AFFIRM solution to support your selling and processing needs for annuity and life products, visit us here and 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 industry. Through our SaaS solutions, we accelerate and simplify insurance sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers and general agencies) and consumers. Our innovative solutions enable automated processing for pre-sales, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.

iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 120 carriers, 875 distributors and financial institutions, and their producers and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Cheltenham (UK), Fort Lauderdale, Huntersville, Philadelphia, Salt Lake City, and Vancouver. Save the date for iPipeline’s Connections 2017 User Meeting & Conference on March 15-17 at the ARIA in Las Vegas. Visit www.ipipeline.com.

For iPipeline:
Lisa Shea
Marketing
lshea@ipipeline.com

484-870-6234