PSG AWARDED LIDMA SEAL OF APPROVAL FOR E-POLICY DELIVERY.
Paperless Solutions Group, a leader in digitizing the insurance marketplace has received the prestigious Seal of Approval from the Life Insurance Direct Marketing Association (LIDMA) for its, eXpedite, electronic policy delivery platform. The presentation took place recently at the 16th annual Fall Meeting & Showcase held at the Disney Grand Californian Resort in Anaheim, California.
The LIDMA Seal of Approval was awarded to Paperless Solutions Group in recognition of their adoption and active use of the LIDMA eProcess, which lowers costs and processing time associated with the writing of new life insurance policies for customers. Paperless Solutions Group is one of only several companies from across the country to receive this special recognition in the category of electronic policy delivery.
“Paperless Solutions Group has been an industry leader in adopting and utilizing key aspects of the LIDMA eProcess,” said Jan Pinney, President of LIDMA. “Paperless Solution Group’s efforts have been key in driving the integration of the LIDMA eProcess throughout the industry by serving as an early adopter and setting a standard for others to follow.”
Developed by a large contingent of LIDMA members including carriers, technology vendors, industry attorneys and front-line producers, the LIDMA eProcess utilizes newly developed technologies such as e-signature, voice signature, enhanced “part 2” data collection, e-delivery and straight through process to substantially reduce the time it takes for a new policy purchases to be initiated by the consumer and delivered by the carrier. The LIDMA eProcess results in lowered costs for insurance providers and new policy holders.
eXpedite offers a totally and radically different way of approaching ePolicy Delivery. It’s robust rules and workflow engine provide distributors the ability to virtually customize any part of the process to meet their unique needs by automating tasks along with directing both internal and external routings. eXpedite also gives carriers an easy implementation path without needing to be PDF ready. They may also use existing proprietary data feeds or any format that works best for them. eXpeidte also supports all product lines – life, annuity, disability and LTC for every business channel – direct marketing, traditional brokerage, career, bank, and broker dealer meeting all needs independently.
“The LIDMA community has always been big supports and adopters of our tools. ePolicy Delivery has been a major point of contention with the direct marketers for some time as most solutions are built for other business channels with different needs – we wanted to help solve their problems while addressing the entire industry as a whole.” said Jeff McCauly, President, Paperless Solutions Group. We’re excited that nearly all of the Direct Markets have agreed that eXpedite is their eDelivery platform of choice.”
About Paperless Solutions Group PSG is a leading provider of cloud-based software solutions for the life insurance and financial services industry. Our products and services provide unparalleled automation and integration for the insurance services industry. These innovative offerings conduct millions of transactions annually by enabling the presale, new business and underwriting, point of sale, and post sale support. To learn more about PSG, please visit www.psginc.co
LIDMA is the primary association dedicated to supporting businesses and professionals active in direct sales of life insurance products to consumers – the fastest growing sales segment in the life insurance industry. The not-for-profit organization is committed to helping members boost their revenues and reduce costs. For more information visit www.lidma.org.