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.
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.
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.”