Business Wire | September 25, 2020
iPipeline a leading provider of cloud-based software solutions for the life insurance and financial services industry today announced it has acquired IFS™ (Impact Financial Systems), a leading provider of service request automation solutions for client onboarding, asset movement, maintenance and advisor transitions. The company's low code/no code solutions are deployed at some of the world's largest brokerage, wealth, banking and insurance companies. The acquisition enables iPipeline to further simplify and automate business activities and increase efficiency for advisors working at Financial Institutions, Broker-Dealers, and RIAs. Tim Parsons, President and CEO at IFS, will be joining iPipeline’s team.
F&G, Majesco | January 13, 2021
Majesco, global leader of cloud insurance software solutions for insurance business change reported that F&G, a main supplier of annuities and life insurance, has chosen Majesco Distribution Management, Majesco Digital1st® Insurance and Majesco CloudInsurer® to empower their distribution activity and development methodology for digital change.
“In today’s competitive landscape, our ability to rapidly onboard numerous independent brokers, new distribution partners and support acquisition of books of business is crucial to our digital transformation strategy,” said Matt Christensen, SVP Insurance Operations at F&G. “We are proud to partner with Majesco to accelerate our digital transformation strategy better positioning F&G to capture opportunities and growth in a multi-channel world.”
F&G will execute Majesco Digital1st® Insurance to give a cutting edge maker commitment experience for onboarding and self-administration and Majesco Distribution Management for maker relationship management and compensation management all on Majesco CloudInsurer®.
“We are thrilled to have F&G join our customer community and help them accelerate their digital transformation and growth strategy with our next generation distribution solutions,” stated Eric Bustos, Vice President of Digital1st® and Distribution Management at Majesco. “As the insurance market rapidly changes, the distribution landscape is where insurance providers can create and sustain a competitive edge and where our solutions provide the next generation capabilities, today. We look forward to a long strategic partnership with F&G.”
Majesco Distribution Management offers a cutting edge answer for deal with the complexities of a changing distribution landscape utilizing innovation that keeps the insurance suppliers on the main edge by lessening an opportunity to execute another distribution plan or merge the current channel landscape onto a typical stage. From dealing with different channels, to handling mind boggling and high-volume changes, and customizing installment plans for channels, to obliging reconciliation with existing center insurance frameworks, Majesco Distribution Management empowers spryness, advancement and speed.
Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business and the future of insurance at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform a cloud native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse.
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."
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.