iPipeline, a provider of on-demand software that supports marketing, selling and processing solutions for the nation's top insurance carriers, distributors and producers, launched its e-Policy solution. The company says it’s the first digital, interactive experience for policy delivery. iPipeline received validation for its feature-rich e-Policy solution and secure, compliant e-Signature technology at an e-Policy Summit held on January 12th with 10 of the nation's top carriers. All attending carriers indicated the primary benefits for adopting an interactive e-policy solution are reduced costs and increased placement ratios.
"iPipeline's greatest assets are our customers, and their participation in designing an industry leading solution that drives growth and efficiency within the insurance industry," said Tim Wallace, CEO, iPipeline. " Based on discussions with these leaders, iPipeline has created a digital, interactive experience for the consumer. Our e-Policy solution enables carriers to reduce the 20 to 30 day delivery period by 40% to 50%, while reducing printing and mailing costs for the carriers, distributors, and agents and providing an opportunity to educate, cross sell and up-selling the consumer.”
“Another benefit built into the e-Policy is the ability for the producer to generate leads and referrals,” Wallace added. “What our e-Policy solution really delivers is a significant placement ratio lift. One of our major carriers attending the summit stated they had reviewed all leading e-Policy solutions in the market place, and what iPipeline presented to the group is 'way ahead' of anything else in the marketplace."
iPipeline's new e-Policy solution is designed to deliver several benefits to carriers, distributors and agents.
Attending carriers prioritized them as follows:
• Reduced costs
• Placement ratio lift through rapid e-Policy delivery
• Lead generation, referrals, education and brand visibility
• A unique consumer and agent experience
• A secure, compliant, and legally-binding solution
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