Unqork eBooks

Solution Brief: Life Insurance New Business Acquisition

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LIFE INSURANCE - NEW BUSINESS ACQUISITION About Unqork Unqork is the industry pioneer no-code enterprise application platform that helps large companies build, deploy, and manage complex applications without writing a single line of code. Companies like Liberty Mutual, Goldman Sachs, and John Hancock are using Unqork's drag-and-drop interface to build enterprise applications faster, with higher quality, and lower costs than conventional approaches. Contact Us 114 5th Avenue New York, NY 10011 (844) 486-7675 www.unqork.com info@unqork.com © 2020 Unqork. All Rights Reserved Key Capabilities Using Unqork, a top 10 life insurer digitized the new business acquisition journey end-to-end to increase placements in a scalable model. Moving from a highly manual process involving a lot of customer back-and-forth, in just 12 weeks the company was able to build a unified digital (mobile/online) interface for advisors, customers and operations - leveraging a single source of truth and clean data feed into policy admin, CRM and underwriting system. • 100% digital and greater degree of automation • Process moved from 60+days to less than 20 days on most applications • Significant reduction in NIGO – from 65%+ to less than 20% End-to-end digital process with limited human intervention Seamless connections to internal (e.g., policy admin system, illustration engine) and external databases (e.g., Lexus Nexus) 300+ forms including state variations across all individual life insurance products Not In Good Order identification and remediation at an application and policy level, fully mapped ACORD 103 to feeds Advisor and/or customer led digital workflows – with ability to transfer edit rights at any point Operational dashboards to track application progress at a policy level and with real time statusing and notifications Fully integrated E-signature and delivery of policy documents Digital Workflows Integrations Pre-Coded Forms Decisioning Seamless Handoffs Analytics E-Signature Digitizing the entire customer journey in just 12 weeks. CU STOM E R STORY

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