New integration between iGO e-App and Sircon
for Carriers powers in good order applications and producer
compliance for life insurance in real time
DENVER and EXTON,
Pa., June 21, 2023 /PRNewswire/ --
Vertafore® and iPipeline®, leading providers
of software solutions for the insurance industry, today announced a
strategic alliance to make the sales process for life insurance
policies quicker and more streamlined.
iPipeline's iGO® e-App, one of North America's most widely used e-application
for life insurance, now integrates with Sircon® for
Carriers, the leading distribution management platform from
Vertafore.
By adding iGO's capabilities to the front end of Sircon for
Carriers, agents now have an e-App that makes applying for life
insurance easier and reduces cycle times—within a platform that
simplifies and automates onboarding, credentialing and compensation
with their carrier partners. Together, the integration can improve
efficiency and productivity for agents while increasing their
placement ratios.
Benefits of the integration from iGO:
- A simplified, accelerated and digital process that speeds up
application processing
- Application confidence by eliminating Not in Good Order (NiGO)
applications
- Reduced cycle times and an increased placement ratio
- Flexible access, at any time, from anywhere, and on any
device
Benefits of the integration from Sircon for Carriers:
- Quickly and easily get producers onboard and authorized to
sell
- Reduced risk of regulatory non-compliance and time spent
manually tracking licensing and accreditation
- Enhanced experience for agents by ensuring accurate and timely
commission compensation
"Our partnership with iPipeline brings together the power of two
leading solutions to truly enhance life insurance distribution for
insurers and their producers," said James
Thom, chief product officer at Vertafore. "With this
integration Vertafore and iPipeline are working to make it easier
for carriers and agents to stay compliant and improve the quality
of the data in the sales process, so that they can better serve the
end-insured."
"We are excited to partner with Vertafore to help improve the
application process for our mutual customers," added Bill Hunter, senior vice president of sales at
iPipeline. "iGO's smart technology helps guide agents through the
application process and guarantees all applications—100 percent—are
in good order. The integration with Vertafore's solution gives our
clients an automated way to ensure all compliance, licensing, and
accreditation are completed in the e-application process."
Vertafore and iPipeline share a focus on driving innovation that
simplifies and modernizes complex insurance processes. The
partnership builds on the benefits of being business units of Roper
Technologies, Inc. (NYSE: ROP) and provides a natural opportunity
for iPipeline and Vertafore to work together to improve compliance
and distribution for their shared customers in life insurance and
annuities.
About Vertafore
As North America's InsurTech
leader for more than 50 years, Vertafore is modernizing and
simplifying the insurance life cycle so that our customers can
focus on what matters most. Vertafore's solutions provide
end-to-end connectivity across the distribution channel, improve
the client and agent experience, unlock the power of data, and
streamline essential workflows to drive efficiency, productivity,
and profitability for independent agencies, MGAs and carriers. For
more information about Vertafore, visit
www.vertafore.com.
©2023 Vertafore and the Vertafore logo are registered
trademarks of Vertafore. All rights reserved. All other trademarks
are the property of their respective owners.
About iPipeline
iPipeline is building a comprehensive digitized ecosystem for
the life insurance and wealth management industries, which will
enable millions of those who are uninsured or under-insured to
secure their financial futures as part of a holistic financial
planning experience. The firm is working to optimize all
application and processing workflows—from quote to commission—and
consolidating them within one of the most expansive
straight-through processing platforms, significantly reducing
paper, saving time, and increasing premiums and placements for
insurance agents. iPipeline is also committed to offering premier
subscription-based tools to help financial institutions and
advisors automate and digitize financial transactions, comply with
regulations, and seamlessly incorporate life insurance and
annuities into client accounts.
The iPipeline digital ecosystem incorporates one of the
industry's largest data sets to enable advisors and agents to
optimize their businesses. Since its establishment in 1995,
iPipeline has facilitated 1.5 billion quote responses, $32 billion in savings on printing and mailing
costs, the collection of 55 billion premiums, and the protection of
25 million lives. For more information, please visit
https://www.ipipeline.com/.
MEDIA CONTACTS:
Vertafore
Liz Reilly, Next PR
vertafore@nextpr.com
iPipeline
Laura
Simpson, JConnelly for iPipeline
973-713-8834
ipipelinepr@jconnelly.com
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SOURCE Vertafore
