Exton, Pa. — iPipeline, a provider of on-demand software that supports marketing, selling, and processing solutions for insurance carriers, distributors and producers, has been selected for a second consecutive year as one of the region’s fastest growing, privately-held companies in the Philadelphia 100 listing. Based in Exton, Pa., iPipeline has also recently been recognized for its accelerated, triple-digit growth as an Inc. 5000 company.
The Philadelphia 100 is an annual program conducted by the Entrepreneurs' Forum of Greater Philadelphia, Philadelphia Business Journal and Wharton Small Business Development Center. The Inc. 5000 is an expansion of the Inc. 500, which Inc. introduced in 1982. This prestigious ranking represents the 5,000 fastest growing companies in the US. The Inc. 5000 includes the Inc. 500 but delves deeper to offer the most comprehensive look to date at the entrepreneurial engine driving the U.S. economy. The Philadelphia 100 and the Inc. 5000 ranked companies according to percentage revenue growth from 2004 through 2007.
“The insurance industry is experiencing a renaissance in how it markets, sells and transacts business as a result of iPipeline’s advanced, on-demand software solutions,” said Tim Wallace, president and CEO of iPipeline. “iPipeline is at the forefront of this revolution. Our client list of 100 major insurers and 850 distributors is the ‘Who’s Who’ in the insurance industry and speaks to the significant business value realized through our channel solutions.”
The company’s ability to deliver error-free, straight-through electronic processing for applications is saving carriers and distributors millions of dollars in processing and administrative costs and automating what has historically been a manual, paper-burdened process for the agent, added Wallace.
“iPipeline’s recent purchase of COSS Development has strengthened our end-to-end offering and leadership position among software solutions providers in the insurance industry. COSS has been a leader in providing illustration, needs analysis, and advanced marketing software to the insurance software industry for over 20 years,” he added.
iPipeline’s system integrates directly with 800 Web sites, including the industry’s largest banks, broker-dealers and insurance distributors on a subscription-based model. This integrated approach enables insurance companies to automate sales distribution, eliminates point-of-sale mistakes, and streamlines the issuing of insurance policies. iPipeline’s solutions are purchased by carriers and then pushed out via distributor sites (BGAs) for use by independent agents.
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