Nation's Oldest Federally Recognized Veterans
Service Organization Selects iPipeline's
Resonant® Solution to Accelerate and Improve the
Delivery of Financial Peace of Mind to Servicemembers
and Their Families
EXTON,
Pa., July 12, 2023 /PRNewswire/ --
iPipeline® announces that Navy Mutual Aid
Association, the nation's oldest federally recognized Veterans
Service Organization, recently launched its Resonant®
multi-functional solution for underwriting and new business which
will accelerate those processes for the insurer's life insurance
and annuity products.
By leveraging this latest technology in workflow automation,
Navy Mutual now has the ability to significantly reduce the time to
underwrite an application while creating a faster, more efficient,
and modernized digital customer experience for servicemembers and
their families.
With Resonant's ability to digitize and seamlessly automate
underwriting and case management, its no code, self-service tools
optimize workflow automation by easily building workflow routing,
rules, and underwriting requirements. This innovative technology
combines case management and decision support, access to
comprehensive reporting and analytics, and the ability to monitor
and provide regulatory compliance control.
"Today's customers expect a positive and easy buying experience
– and purchasing life insurance is no different. To better meet
expanding consumer expectations, the life insurance industry is
embracing newer, better, and more streamlined technology in order
to provide a seamless digital experience for the customer," said
Bill Hunter, Senior Vice
President of Sales for iPipeline. "iPipeline continues to build
new and innovative solutions that empower life insurance and
annuity providers to automate and accelerate their key workflows –
from beginning to end – across their businesses. We are excited to
help Navy Mutual strengthen their underwriting and new business
processes as they continue on their mission to provide military
servicemembers and their families the financial protection they
need."
"iPipeline's Resonant® solution provides us with
a single system for ordering, receiving, and reviewing new business
and underwriting requirements," said Peter Meyers, Vice President of Solutions and
Technology for Navy Mutual. "Implementing this technology is
the first step in the next phase of our digital high-tech,
high-touch journey. Everything we do is dedicated to improving the
member experience. As a member-focused organization, their
experience is the true measurement of success and the driver of
every project we undertake. iPipeline understood that and delivered
on our high expectations. Our teams were in alignment during both
the planning and deployment stages and we are excited for this
implementation to continue improving our processes and our member
experience."
To learn more about iPipeline's Resonant solution, please
visit https://www.ipipeline.com/products/resonant.
About iPipeline
iPipeline is building a comprehensive
digitized ecosystem for the life insurance and wealth management
industries, which will enable millions of those who are uninsured
or under-insured to secure their financial futures as part of a
holistic financial planning experience. The firm is working to
optimize all application and processing workflows—from quote
to commission—and consolidating them within one of the most
expansive straight-through processing platforms, significantly
reducing paper, saving time, and increasing premiums and placements
for insurance agents. iPipeline is also committed to offering
premier subscription-based tools to help financial institutions and
advisors automate and digitize financial transactions, comply with
regulations, and seamlessly incorporate life insurance and
annuities into client accounts.
The iPipeline digital ecosystem incorporates one of the
industry's largest data sets to enable advisors and agents to
optimize their businesses. Since its establishment in 1995,
iPipeline has facilitated 1.5 billion quote responses, $32 billion in savings on printing and mailing
costs, the collection of 55 billion premiums, and the protection of
25 million lives. 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://www.ipipeline.com/.
About Navy Mutual
Navy Mutual is a nonprofit,
member-owned mutual association established in 1879 to provide
affordable life insurance and peace of mind to members of the
military and their families. As the nation's oldest federally
recognized Veterans Service Organization, its mission and
commitment to protect those who defend us remains unwavering.
Financially strong, Navy Mutual is proud to be a first-choice
provider of life insurance to servicemembers and their loved ones.
Through quality life insurance products, no-cost educational and
veterans services programs, and unparalleled service, Navy Mutual
has earned the loyalty and support of its membership. For more
information, visit navymutual.org.
Media Contacts
Laura
Simpson
JConnelly for iPipeline
973-713-8834
ipipelinepr@jconnelly.com
Kate Walton
Director of Marketing, Navy Mutual
571-481-2320
marketing@navymutual.org
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SOURCE iPipeline