iPipeline Launches AI-Driven Insurance Product Platform
iPipeline Unveils AI-Driven Platform to Enhance Insurance Product Launches
WAYNE, Pa.—iPipeline, a prominent global provider of digital solutions in the life insurance and financial services sectors, has introduced a new digital platform tailored for life insurance, annuities, and wealth management. This platform is engineered to assist carriers and distribution partners in faster product deployment and improved personalization in services.
The initial offering on this platform is the AI-enhanced life insurance application solution, iGO Evolve. This marks the first installment in a series of planned modules, integrating AI-driven prior authorization delays to streamline processes.
The platform integrates an open architecture, ensuring it is ready for various integrations. It features customizable workflows and low-code tools aimed at decreasing the necessity for bespoke development. These features promise increased flexibility and efficiency in managing digital interactions across life insurance and wealth sectors.
The platform's AI backbone, CHARLi, enhances its ability to provide swift and customized experiences. iGO Evolve, leveraging CHARLi, streamlines onboarding processes and modernization efforts by cutting down on setup and maintenance time through advanced AI technologies and low-code solutions.
Additionally, the platform introduces iPipeline’s SmartSell, a tool that redefines the sales process by allowing agents to interface with underwriting systems in real-time. This integration facilitates a comprehensive workflow—from evaluating health classes to policy binding—within 30 minutes. Such innovations ensure that both regulatory compliance requirements and customer expectations are met efficiently.
Pat O’Donnell, CEO of iPipeline, remarked, “This platform is crafted to empower carriers and their distribution partners with rapid operations, reduced overheads, and improved customer interactions, offering them significant flexibility in their digital advancements.”
The new platform supports seamless integration with existing systems, promoting comprehensive end-to-end user experiences from quoting to policy issuance. It is designed with robust security, scalability, and reliability, enabling consistent performance and compliance as businesses expand.
Katie Kahl, Chief Product Officer at iPipeline, noted, “This platform meets our customers’ need for an intuitive, integrated selling process, allowing expedited operations without the need for custom development.”
Future developments for the platform include an AI assistant capable of product comparison, application autofill, and forms validation, alongside additional modules for life, annuities, and wealth. These advancements promise to help providers effectively manage risk and compliance while enhancing user satisfaction.
About iPipeline
iPipeline is a major provider of digital solutions in the insurance and financial services industries across North America and the UK. With its expansive digital and automated platforms, iPipeline seeks to simplify processes from quotes to commissions with seamless integration. The company aims to enable lasting financial security for all by offering innovative, connective solutions.
Since 1995, iPipeline has served over 49 million individuals and collaborates with over 100 carriers and 2,500 financial entities worldwide. It operates as part of Roper Technologies and is associated with notable financial indices.
For further details, visit their website.
Media Contact:
Danielle Meyer
Aspectus Group
Danielle.Meyer@aspectusgroup.com
Source: iPipeline