Illinois Mutual Life Insurance Chooses Sapiens for Its Life Digital Transformation Project
Fintech InsurTech News

Illinois Mutual Life Insurance Chooses Sapiens for Its Life Digital Transformation Project

The American insurer plans to deliver seamless illustration, eApplication, straight-through underwriting and intuitive enrollment functionality to their agents and customers

 Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that Illinois Mutual Life Insurance (Illinois Mutual), a company that services 47 U.S. states and serves over 8,600 independent agents, chose multiple Sapiens’ life solutions as part of its digital transformation project. The insurer aims to deliver seamless illustration, eApplication, straight-through underwriting and intuitive enrollment functionality to their agents and customers.

Read More: Crypto Gazette Brings Exciting News to Crypto Enthusiasts: Ledger Nano X Giveaway

Illinois Mutual selected Sapiens IllustrationPro for Life & Annuities, Sapiens ApplicationPro for Life & Annuities, Sapiens UnderwritingPro for Life & Annuities and Sapiens EnrollmentPro for Life & Annuities after a thorough market evaluation.

Read More: Nav Launches Calculator to Help Business Owners Determine Eligibility for CARES Act SBA Loans

The move by Illinois Mutual is aimed to enhance the overall client and agent experience within its life, disability income and worksite insurance solutions. The company sought to achieve this objective by enhancing its illustration capabilities, improving eApplication functionality and modernizing the underwriting system

“We expect Sapiens IllustrationPro’s innovative illustration software to optimize sales and drive new business,” said Katie M. Jenkins, president and chairperson, Illinois Mutual. “The illustration capabilities will differentiate Illinois Mutual from our competitors by helping to provide a superior and seamless customer experience. Additionally, Sapiens’ digital underwriting solutions offer best-in-class workflows and straight-through-processing to help Illinois Mutual modernize and transform the underwriting experience.”

“Sapiens’ point-of-sale solutions were built from the ground up, leveraging all the latest in digital technologies, to support Illinois Mutual’s current and future platform,” said David Ratnaraj, assistant vice president and program director, insurance systems modernization, Illinois Mutual. “The solutions possess a powerful configuration toolset and open APIs, and provide an integration services layer that will empower us to easily integrate to third-party products or services with minimal effort.”

Read More: Sony Bank Launches New Service “English Online Banking”

Related posts

ZRG Adds Abe Doctor as Managing Director & Global Head of FinTech, Strengthening Its Private Equity and Technology Practices

FTS News Desk

SeABank AI Accelerates Digitization of Banking Ops

FTS News Desk

Bank of America Celebrates the Return of Baseball with New Program That Strengthens Local Communities

FTS News Desk