SBLI implements accelerated underwriting

SBLI, The Savings Bank Mutual Life Insurance Company of Massachusetts, has introduced an accelerated underwriting program for its customers and agents.

Partnering with iPipeline, using the vendor’s iGo Drop Ticket technology, the initiative leverages a shorter, rules-based application to reduce the time to make a policy decision to one week for nearly half of applicants, vs. the average 30 day processing time.

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An attendee plays a game at the Unity Technologies booth at the Game Developers Conference in San Francisco, California, U.S., on Wednesday, March 20, 2019. The annual event brings together over 28,000 industry leaders and game developers to exchange ideas and shape the future of the gaming industry. Photographer: David Paul Morris/Bloomberg

“We are increasing the opportunity for producers to submit business to SBLI more easily,” states Denis Clifford, SVP, Chief Distribution Officer, SBLI.

Powered by ACORD 103XML, iGo Drop Ticket is operated by the submission of a ticket or call, submitting information to underwriting agents directly for secure and more accurate information exchange.

“We are excited to be able to more rapidly insure families seeking affordable protection,” adds Clifford.

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