Hooper Holmes has been selected as key service provider for Pacific Life Insurance Company's new Pacific PRIME Term product now being launched in the US.
Under the agreement, Hooper Holmes will provide efficient data acquisition, processing, and underwriting solutions for its product.
Hooper Holmes president and chief executive officer Henry Dubois said, "We are proud to provide our services to Pacific Life Insurance Company and look forward to being able to play a part in the success of the Pacific Life PRIME(SM) product growth in the marketplace."
A new, end-to-end, technology-based solution for Pacific Life has been developed by Hooper Holmes in collaboration with Munich Re’s US life reinsurance and automation solutions divisions.
Hooper Holmes services including tele-interviewers, technology platforms, paramedical examiner network, laboratory testing capabilities, and risk selection expertise have been integrated with Munich Re Automation Solutions (MRAS) platform for rapid application processing and review.
Pacific Life provides a range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.