LIFE INSURANCE

ApplicInt Partners With SBLI to Digitize the Life Insurance Application Process Using U*Complete

ApplicInt, SBLI | January 14, 2021

ApplicInt, an industry chief with their suite of insurance application fulfillment solutions, as of late drove endeavors to digitize the Life Insurance application measure for Savings Bank Life Insurance Company (SBLI), situated in Woburn, Massachusetts. In a Pilot, SBLI successfully executed ApplicInt's U*Complete platform for clients to self-complete Life Insurance applications, which is consistently incorporated into SBLI's fulfillment cycle. SBLI is getting ready for a full production rollout of U*Complete in the second quarter of this current year (2021).

"We are very excited about our partnership with ApplicInt and the opportunity to use UComplete in innovative ways to help our clients," said Rose Conneely, COO, SBLI. "Our focus is to simplify the application process for agents and their clients alike, and our 100% digital Self-complete Application Process Pilot has demonstrated very positive results. We look forward to rolling it out to the market."

"Our goal is to make the application process as simple and convenient as possible, and via our partnership with ApplicInt, we have piloted an easy-to-use 100% digital process for clients to self-complete their application, while automatically providing agents and their clients 'status alerts'," said Rose Conneely, COO, SBLI. "We are planning to roll-out this new option in mid-2021."

ApplicInt's U*Complete has two work process self-administration models: "Transporter Direct to Consumer" and "Specialist Direct to Customer". In the Carrier Direct to Consumer measure, the consumer has a secure login to the Carrier's Website. The consumer picks a face amount/term product and runs a quote. They at that point complete a Part A Life Insurance Application, with the Part B clinical questions being discretionary relying upon the transporter's fulfillment cycle. The consumer then eSigns Forms. There is constant visit accessible when required or a warm exchange to a call community to schedule a test if necessary. Structures and information are shipped off the transporter in great request. The Agent Direct to Consumer model is basically indistinguishable, then again, actually the Agent starts the fulfillment cycle and the consumer can audit quotes from various transporters.

Mike Feroah Sr., Founder and Chief Strategy Officer of ApplicInt stated, "We are overly excited about the extension of our technology that allows a common platform to be used by consumers, call centers and examiners to provide part A or part B application information to carriers. U*Complete also can be integrated with automated underwriting platforms for deep instant decisioning. And if you have existing ApplicInt software, it can be converted to U*Complete in a matter of weeks. U*Complete provides better a customer experience with enormous cost and efficiency savings."

About ApplicInt
ApplicInt, a leading information technology company, has developed several innovative, interoperable solutions that can be customized to meet the unique requirements of each client. ApplicInt was founded in 2003 to provide efficient and cost-effective technology solutions for the collection and distribution of information for life insurance applications. Automating the broker's world not only means digitalizing their offices but, more importantly, streamlining and simplifying the process of obtaining insurance.

Spotlight

Exdion provides domain-led consulting to Brokers, Management Agencies (MGA) and Insurers. We help Insurers and Brokers realize significant cost savings through technology solutions including Robotic Process Automation (RPA), e-BOTs, Artificial Intelligence (AI), Machine Learning (ML) and Analytics, tailored to improve efficiency and drive business growth.

Spotlight

Exdion provides domain-led consulting to Brokers, Management Agencies (MGA) and Insurers. We help Insurers and Brokers realize significant cost savings through technology solutions including Robotic Process Automation (RPA), e-BOTs, Artificial Intelligence (AI), Machine Learning (ML) and Analytics, tailored to improve efficiency and drive business growth.

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INSURANCE TECHNOLOGY

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Damco Solutions, omni:us | December 07, 2020

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Arthur J. Gallagher & Co. | August 16, 2021

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