Life Carriers to Gain Data Analytics Advantage with iPipeline’s New InsureSight Service
EXTON, Pa.--(BUSINESS WIRE)--Nov 13, 2018--iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today reported InsureSight® for Carriers with Case Analytics will be made available to life insurance carriers in the first quarter of 2019. Designed to enable carriers to competitively benchmark their sales performance and market penetration, InsureSight analyzes revenue and product performance, BGA productivity, market product preferences by geography, new product entry and buying trends, and comparative case volumes, target premiums, cycle times, placement ratios, and much more across the enterprise and industry.
“Carrier sales can be drastically improved by making more informed, data-driven decisions. Given the depth and breadth of our customer network, we have the ability to analyze large amounts of data and to convert this into anonymous, actionable information for use by our carriers,” said Tim Wallace, CEO, iPipeline.
“InsureSight for Carriers will first focus on providing case analytics, and this will enable heads of distribution to assess wholesaler and BGA performance as well as determine how effectively products are competing on a geographic and demographic basis. Heads of underwriting will gain insight into how their underwriting cycle times and placement ratios compare to competitors by leveraging near real-time data refreshes,” stated Wallace.
“We also see heads of marketing benefiting similarly by conducting a white space analysis, matching products to specific markets based on geographic and demographic data on sales performance, and ultimately evaluating the effectiveness of their outbound marketing efforts,” added Wallace. “InsureSight for Carriers has the potential to deliver a quick and quantifiable increase in sales performance and market penetration for our carrier customers. We’re excited about the launch of this new service.”
The new case analytics and benchmarking service will be launched during Q1 of 2019. Pre-orders for InsureSight for Carriers are being accepted now at a discounted price.
iPipeline’s solutions enable some of the nation’s most successful carriers to achieve new efficiencies, sell more, and remain competitive. To reimagine how you do business and schedule an InsureSight for Carriers demonstration, contact firstname.lastname@example.org today.
iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Through our SaaS-based new business acquisition platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in the financial services industry including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers. Our innovative solutions enable automated processing for pre-sales, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, consumer delivery and self-service, and agency and firm management.
iPipeline provides the process automation and seamless integration needed on a global basis to make a sale by aggregating more than 130 carriers, 1,300 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley (UK), Cheltenham (UK), Dallas, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005057/en/
CONTACT: For iPipeline:
Christin Meikle, 484-870-6232
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PROFESSIONAL SERVICES FINANCE INSURANCE COMMUNICATIONS MARKETING
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PUB: 11/13/2018 09:00 AM/DISC: 11/13/2018 09:00 AM