Innoveo’s digital life insurance journey encompasses the full range of life insurance in an omnichannel environment. Facilitates the ability to quickly scale volume, increasing the number of life insurance policies sold, resulting in increased revenue and profitability.
The solution includes Life insurance Term, Group Term, Custom Whole and Universal Life journeys, and policy servicing. Featuring omnichannel capabilities, the products are configured across three distribution channels – Business to Consumer (B2C), Business to Business (B2B) and Underwriting. Quick Quote (straight through processing) is configured. Various validation and integration points are included – USPS API integration to lookup Address, producer license (NIPR) validation and state specific coverages. The application offers the additional ability to apply seasonal discount offers for different coverages.