iPipeline, a provider of software that supports marketing, selling, and processing solutions for insurance carriers, distributors and producers, announces that Rolling Solutions' XRAE underwriting engine will be integrated with iPipeline's term quote engine. iPipeline's popular solution is used by 1,200 distributors and their agents for the marketing, selling and processing of insurance in the U.S. and Canada.
“By integrating our term quote engine with XRAE, we have eliminated the need for an agent to guess someone's health class. Now agents can seamlessly receive rules-based underwriting quotes via XRAE for multiple carriers, compare them, and move through the application process knowing the guesswork is gone,” said Bill Atlee, chief strategy officer, iPipeline. “This is a major step forward in simplifying and accelerating the selling process. We are excited about this addition to our integrated user experience and look forward to growing our partnership with Rolling Solutions.”
“Integrating with iPipeline's term quote engine puts XRAE at the fingertips of 1,200 distributors and provides incredible efficiencies to their agents and XRAE's partner carriers. We are talking about eliminating tens of thousands of applications from being sent to the wrong carriers with the wrong health classes and rates,” said Tom Bellig, CEO, Rolling Solutions. “This integration enhances the agent sales process, provides increased speed-to-market advantages, and delivers an uptick in placement ratio. We look forward to a successful partnership.”
XRAE automates the underwriting process by evaluating over 100,000 specific underwriting rules based on over 600 potential questions in less than a second to determine the “best case” underwriting classification at each XRAE partner carrier.
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