- 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
Transforming the Traditional Life Insurance Application Process
Accelerator
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
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BENEFIT & VALUE
- 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
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Case StudyEnsuring a Ubiquitous Connection for Liberty Global
EPAM worked with Liberty Global—the parent company of Virgin Media, Telenet and UPC— to create the Connect App, which gives over three million users seamless access to the internet wherever they are.
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BlogDesigning Next-Generation Banking Experiences
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BrochureThe Future of Banking, Made Real
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Event
Richmond Financial Industry Forum
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In the NewsHow to Design Next-Generation Banking Experiences – EPAM Explains
Tom Moran, EPAM Continuum, talks to FinTech Times about the explosion of innovation in the financial services sector and how the future of banking requires putting the customer at the heart of the financial world.
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