iPipeline Reports Record Year of Sales within Life Insurance and Financial Services Industry

New Business and Underwriting Solutions Gain Momentum as Companies Seek Digital Transformation

EXTON, Pa.--()--iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced a record year of momentum for new business and underwriting solution sales. iPipeline’s comprehensive New Business and Underwriting Platform offers functionality including CRM, new account opening, needs, quoting and illustrations, and new business management and underwriting to policy administration and in-force management, e-delivery, forms, document management and data analytics.

“Our customers are integrating new solutions to achieve their digital ambitions. Transformation is top of mind, and 2017 ended up as an outstanding year for iPipeline to collaborate with customers on pursuing their goals,” said Tim Wallace, CEO, iPipeline. “CRM, Resonant new business and underwriting, e-App, order entry, AMS, policy generation, and e-delivery topped the list of solution sales in 2017, and all indications point to a 2018 of strategic purchases to strengthen competitive positions by better engaging the digital customer.”

“Customer commitment is an intense focus at iPipeline. From the top down and bottom up, the entire global organization understands how important our platform has become to the daily operations of our customers,” said Andrew Damico, President, iPipeline. “In 2017, customers gave us a positive ‘Pulse Score’ rating of 8.5 out of 10, and we view this level of customer satisfaction as a motivation for integrating additional iPipeline solutions. The recent acquisition of TCP LifeSystems will result in our entrance to the Policy Administration System (PAS) segment of the US market place later this year. Integrating the PAS into our platform will result in an improved quote-to-bind ratio, new competitive advantages, cost savings, and increased data analytics. Our platform will continue to offer new functionality to support the evolution of our customers’ needs.”

“This is an exciting time in the life insurance industry. Insurers are making major investments in transformation, with a particular emphasis on digital. From electronic application, to revolutionizing underwriting, to transforming the customer experience, insurers are rethinking the entire business model,” said Tom Scales, Head of Americas, Life, Annuity, and Health, Celent. “Companies like iPipeline, whose efforts to expand the capabilities of their digital platform, including strategic acquisitions, are likely positioned to secure their fair share of the business.”

To learn how you can explore iPipeline’s new business acquisition platform and create a bespoke solution to improve your competitive position, contact sales@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), Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com. Join us at our Connections 2018 User Meeting & Conference at the ARIA Resort & Casino in Las Vegas from March 18th-20th. Explore the conference today.

Contacts

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

Release Summary

iPipeline announced a record year of sales momentum as life insurance and financial services companies seek digital transformation.

Contacts

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