Friday, March 29, 2024

ExamOne

0

UnderwriteMe, a leading provider of risk automation and marketplace solutions, is pleased to announce a collaboration with ExamOne, a Quest Diagnostics (NYSE: DGX) company, to offer life insurance carriers across the United States a new underwriting assessment engine powered by real-time data insights.

By leveraging both UnderwriteMe’s versatile Underwriting Engine and ExamOne’s leading suite of health data solutions, the companies now jointly offer a strategic solution for carriers and underwriters with a goal of improving straight-through processing rates and empowering underwriters with more efficient tools for confident risk assessment. The consumer-centric experience is available for insurance carriers today.

Real-time and seamless recommendations
“Clients today expect the application process to be seamless and on par with the on-demand experiences they are accustomed to,” said Brett Laker, head of North America, UnderwriteMe. “Together with ExamOne, we can offer carriers real-time access to decision-making, powered by insight from data products combined with comprehensive rules.”

UnderwriteMe’s engine interprets data authorized by life insurance applicants and collected by ExamOne to deliver a risk-based assessment to insurers. By clearly explaining contributing factors defined in the data and applying a debit and credit classification, the joint solution enables insurers to evaluate an individual’s insurance risk based on various data sources.

The powerful combination of ExamOne and UnderwriteMe creates:

  • Unmatched analysis resulting from ExamOne’s comprehensive and unique data sources
  • Customizable and flexible rule sets
  • Explainability of the decision established from contributing factors
  • Robust decision recommendations based on a debit and credit classification
  • Seamless adoption that easily fits into underwriting workflows
  • Streamlined and faster data for a more automated flow

“There is a growing demand for agile and straight-through automated processes in the life insurance industry. This tool analyzes unique data—including LabPiQtureTM (laboratory data and clinical data), ScriptCheck® (prescription data), electronic health records, medical claims, and oral health indicators—and delivers an assessment in a clearly explained format,” said Keith Ward, president and general manager of ExamOne at Quest Diagnostics. “Our team is here to work with you to rapidly amend or create new rules based on the insights you need to make confident decisions.”

The use and disclosure of PHI is in accordance with HIPAA and is compliant with life insurance industry regulatory requirements.

UnderwriteMe, a leading provider of risk automation and marketplace solutions, is focused on accelerating the underwriting journey and improving the life insurance application process. With our award winning solutions, the UnderwriteMe Decision Platform and Protection Platform, they empower partners to transform life markets and close the protection gap. Founded in 2012 in the UK, the company has grown to be a leading insuretech provider with 1,000,000+ policies activated, 1,000+ distribution partners, and 31 global implementations spanning 12 countries. UnderwriteMe is proud to be trusted by insurance industry leaders including eight companies listed in the Fortune 500 or Forbes Global 2000. To learn more visit http://underwriteme.us.

ExamOne, a Quest Diagnostics company, is committed to empowering decisions with health-based insights and providing consumers with innovative solutions that enhance the application process. Through convenient, customizable personal history options, national specimen collection capabilities, as well as instant retrieval of historical health data, they provide quick and reliable insights for life insurers.

iPipeline

0

iPipeline® announces a partnership which will help AuguStarSM Life to accelerate and strengthen its digital transformation with innovative solutions from iPipeline that are designed to improve the agent experience.

These solutions will automate and simplify the application process while providing agents with instant quotes and illustrations, all to increase speed and efficiency, helping AuguStar Life expand its third-party distribution footprint.

Effective immediately, AuguStar Life’s top-tier product, Virtus IUL II, is now available on the following iPipeline solutions (AuguStar Life’s indexed whole life product will follow shortly):

  • iGO®, one of the industry’s leading intelligent digital e-Application solutions that can be accessed on any device, at any time, and from anywhere, making the application process faster, more efficient, and ensures 100 percent of e-Apps are “in good order.”
  • iSolve®, iPipeline’s one-stop illustration solution that provides access to illustrations across multiple scenarios and provides product comparisons, as well as personalized, customizable, and compliant illustrations.

This partnership supports AuguStar Life’s strategic commitment and recent expansion into the brokerage channel. AuguStar Life is a Constellation Insurance Inc. company.

“Both iPipeline and AuguStar Life have a strong heritage and each is well respected in the industry. We both share the same goal, which is to help financial professionals in their quest to secure a financial future for more people,” said Bill Hunter, senior vice president of Sales for iPipeline. “This opportunity will enable us to expand our portfolio of solutions within the industry. We are thrilled that AuguStar Life chose us as their trusted partner–and we’re looking forward to helping them expand and grow in the brokerage space.”

“As a premier end-to-end solution for our brokerage partners, the iPipeline platform is one we’ve had our sights on since launching into the independent brokerage channels with our top-tier accumulation-based IUL, Virtus IUL II,” added Therese Rothenberger, vice president and co-chief distribution and sales officer, IMO, at AuguStar Life. “We’re excited about this partnership and where it will help to take us. Our enhanced brand is about being more approachable and easier to do business with, and this is a giant step in that direction. Agents will now have the technology and tools they want, connecting them seamlessly to our high-quality life insurance products so that they can quickly and easily connect with their clients—and grow their business.”

To learn more about how iPipeline can simplify business processes and experiences for insurance agents, BGAs, and customers, please visit its redesigned and enhanced website: https://ipipeline.com/solutions/lifeannuities/.

iPipeline is a leading global provider of comprehensive and integrated digital solutions for the life insurance and financial services industries in North America, and life insurance and pensions industries in the UK. iPipeline couples one of the most expansive digital and automated platforms with one of the industry’s largest data libraries to accelerate, automate, and simplify various applications, processes, and workflows–from quote to commission–with seamless integration. The company’s vision is to help everyone achieve lasting financial security by delivering innovative solutions that connect, simplify, and transform the industry.

Since its establishment in 1995, iPipeline has helped protect more than 49 million people, and today is trusted around the world by more than 100 insurance carriers, and providers, and more than 2,500 broker-dealers, financial institutions, brokerage general agencies (BGAs), independent marketing organizations (IMOs), and managing general agents (MGAs). Connected to more than 500,000 agents and advisors, the company collected more than $33 billion in premium in life insurance and $55 billion in annuities in 2022. iPipeline operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the S&P 500® and Fortune 1000® indices. For more information, please visit https://ipipeline.com and select your country of origin.

Hexure

0

Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, announced its new visualizations tool, an interactive graphical product presentation solution. Visualizations turn complex illustrations into an interactive, easy-to-understand graphical experience for advisors to better educate and assist clients in choosing the right product for their needs.

“At Hexure, our commitment to ongoing innovation is at the core of everything we do. We constantly strive to develop new solutions and enhance our solutions that propel our industry forward and make the selling and buying experience better for both advisors and consumers,” said Hexure’s Chief Product Officer, Kevin Pohmer. “With the introduction of product visualizations, we are bringing product illustrations to life. We are simplifying the annuity product story and equipping advisors with the tools to compare and present complex product details and features. This easy and digestible way will better inform buyers of the product in an enhanced and compliant buying experience.”

The new visualizations tool enables advisors to quickly filter products and easily analyze annual premiums, cumulative premiums, account value, and cash surrender value for individual or product comparison scenarios. With interactive graphs and dynamic proposals, advisors can better explain product features and benefits to the clients, making it easier for clients to make informed buying decisions, which leads to increased client satisfaction and improved suitable sales.

“Visualizations make the product story easy to tell and understand, providing advisors with a seamless navigation to the next step in the sales journey,” said Jaci Miller, chief sales officer, Hexure. “This tool expands our end-to-end sales automation platform. It will offer our clients access to more sales activities within a single platform and a cohesive experience. We are excited to provide added sales tools to help advisors visually represent products and better educate clients for effective and compliant sales processes.”

The visualizations solution connects proposals to other FireLight sales activities for seamless transitions and data flow.

Founded in 1995, Hexure provides digital sales solutions to the insurance and financial services industry across various lines of life insurance, annuities, retirement, and wealth management products. Carriers and distributors use its solutions to build customer-centric sales experiences, accelerate submissions, reduce paper processes, meet regulatory requirements, and improve in-good-order sales. For more information visit http://hexure.com.

Insurance Technologies/IXN

Insurance Technologies, LLC, a leading provider of sales automation solutions for the life and annuities insurance industries, announces the acquisition of IXN, the leading provider of digital data exchange solutions for the life insurance industry. The combined company will fully integrate both companies’ proven systems to offer the most comprehensive and efficient single platform capabilities and experience for sales automation in the life and annuities insurance industries.

The insurance industry is in the midst of a major digital transformation, demanding more and more from market participants to create specialized software to modernize the overall sales and operations process. To operate in today’s competitive distribution world, advisors, agents, distributor firms, and carriers need a modern, simple, cohesive, one-stop digital shop to manage all aspects of the sales process.

Insurance Technologies identified IXN as a dynamic disrupter in the life insurance ecosystem, as proven by their widely adopted cross-platform digital solutions and recent launch of the LifeDX solution, an open API data exchange solution. IXN pioneered the concept of “putting an agents’ business in their pocket” by launching and becoming the industry leader for mobile applications within the life insurance space. IXN also developed a multi-carrier sales automation solution that is becoming the platform of choice for life insurance distributors and carriers.

“As the insurance industry continues to innovate, we must find ways to deliver increasingly specialized yet integrated solutions for advisors, agents, distribution partners, and carriers,” said David Fenimore, CEO of Insurance Technologies. “The addition of IXN’s industry-leading suite of products for life insurance rapidly advances our FireLight® product roadmap for life insurance, providing the full life ecosystem in a single, easy-to-use application. This integrated solution further enhances our life insurance functionality and supports our client base in an area where we already see tremendous growth. We continue to build on our promise to offer a single platform as a service solution that supports the entire life and annuity insurance sales lifecycle and are committed to being the best possible long-term technology partner for our clients.”

“We are excited to combine IXN’s innovative technological tools with Insurance Technologies’ proven solutions,” said Kevin Pohmer, CEO of IXN. “Both of our customer bases and the entire life insurance industry will benefit from our increased ability to deliver innovative, value-added solutions that improve client success and operational efficiency across the entire value chain.”

By combining their proven technology solutions, Insurance Technologies FireLight® and IXN are creating the most robust end-to-end platforms for the life insurance marketplace. The addition of IXN’s digital sales automation and data exchange solutions is expected to make Insurance Technologies software solutions even more attractive to clients and reinforce the company’s strong track record for product and customer service. Together, Insurance Technologies and IXN will be a clear leader in innovation in the insurance technology market.

IXN is a leading provider of cross-platform software solutions to the insurance industry helping make the process of distributing and processing life insurance simple and easy. IXN pioneered the concept of “putting an agents’ business in their pocket” by launching and becoming the industry leader of mobile applications within the life insurance space. Through our SaaS-based sales automation solutions, we assist carriers, agents, BGAs, advisors, and financial institutions better serve their consumers. IXN is headquartered in Lehi, UT.

Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance industry. Offering a suite of integrated sales solutions, from pre-sale functions to quoting and illustrations through e-application and e-delivery to post-sale services, Insurance Technologies provides carriers and distributors the sales capabilities and tools to create automated and cohesive sales experiences for their advisors and clients across the life and annuities insurance industries. The unique architecture and flexibility of its solutions deliver front and back-office configurability and usability to support multiple business strategies, encourage cross-channel growth and evolve with regulatory changes.

WordPress › Error

There has been a critical error on this website.

Learn more about troubleshooting WordPress.