Transforming the Traditional Life Insurance Application Process
FAST FACTS
- Insurers are now searching for ways to set themselves apart by improving efficiency while providing their customers with faster, simpler and more intuitive customer experiences
- EPAM and iPipeline partnered to create and deliver the only new customer acquisition platform on the market — powered by iPipeline’s SSG Digital platform — and offer an all-in-one package that is easy for insurers to install and customize
- With the ability to integrate all key products into one digital platform, insurers can benefit from automated intake, illustration, policy generation and e-delivery, allowing brokers/agents to open a new policy in just five simple steps
BENEFIT & VALUE
- This digital solution replaces traditional paper-based policy application and generation processes
- The eApplication process is integrated into an all-in-one package, simplifying work for brokers/agents
- An all-digital approach allows for the automation of key processes such as intake, policy generation and e-delivery
- Faster, more intuitive processes improve client retention and save significant time and effort for insurers
How It Works
With EPAM and iPipeline’s All-in-One eApplication solution, policies which could previously take weeks or months to complete can be finalized in a simple, five-step process:
- Enter the customer’s personal information
- Receive an instant quote
- Review illustrations and revise/select the ideal plan
- Click to generate and delivery the personalized policy via email
- Utilize e-Signature to finalize the sale and receipt of the policy
