iPipeline, a marketing, selling and processing solutions company for insurance carriers, distributors and producers, has acquired XRAE, an automated underwriting solution developed by Rolling Solutions.
iPipeline says the acquisition extends the value of its platform by adding the XRAE product line. XRAE enables distributors and independent/captive producers to determine underwriting classes during quoting, by running the potentially insured’s health class information against the underwriting rules of participating carriers.
iPipeline says XRAE’s benefits include increasing the number of quick-quotes a carrier evaluates while reducing the resources allocated per quote; automating the evaluation of quick quotes; ensuring that each carrier’s unique rules are evaluated accurately; providing metric reporting for every “I’ve got a guy” scenario evaluated by XRAE; enabling carriers to “publish” additional confidential underwriting rules; and reducing the overall costs associated with dead-end applications resulting from inaccurate health classes.
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