Adminovate, a provider of policy administration and core insurance systems, has successfully integrated iPipeline’s iGO e-App, forwardPAS (Policy Administration System), and PolicyEX (e-policy delivery) using ACORD standards.
Additionally, the company is also integrating iPipeline’s PolicyHS, a next-generation policyholder services solution.
The solutions will allow life insurance and annuity carriers to achieve straight-through processing to deliver the policy electronically with e-signatures to all interested parties by accepting application data electronically from the field and transmitting it to the policy administration system directly.
In addition to decreasing processing time and costs, the integrations will support error-free, secure new business as well as issue process improvements to increase agent, policyholder and employee satisfaction.
iPipeline President Paul Melchiorre said that the ability to re-purpose iGO e-App data in forwardPAS will automate and streamline the company’s critical policy administration processes.
"forwardPAS is a highly flexible policy administration solution built from the ground up to enable business transformation," Melchiorre added.
Adminovate CEO Chris Doggett said that the forwardPAS issues the policy electronically as well as conducts requisite tasks such as policy issue, commissions, G/L, policy production, and servicing.