(Independence Hall, Philadelphia. Photo credit: Rdsmith4.)
iPipeline (Exton, Pa.), a provider of distribution-related software solutions for the life insurance and financial services industry, has announced the launch InsureSight Analytics and the new solution’s first customer. Premier Brokerage Services, a Philadelphia-based national insurance brokerage firm, has selected the pre-packed analytics and benchmarking solution to evaluate organizational and industry performance. iPipeline describes a pre-packed analytics and benchmarking solution.
By evaluating key performance indicators (KPIs) from cycle time to placement ratio, InsureSight Analytics provides distributors with deep insight into business performance to avoid detrimental outcomes and drive revenue growth, according to the vendor.
“Being informed and knowledgeable are two key components of the business paradigm at Premier Brokerage,” comments Steve Katz, CEO, Premier Brokerage. “The only way to ensure growth and organization performance is to get your arms around the data points.”
“We have been a user of iPipeline’s iGO e-App, Agency Integrator AMS and other distributor solutions for years, but the ability to drill into the day-to-day operational data and then compare our performance to the industry is an enormous value-added capability. Performance accountability for case managers, CRM owners, and agents is critical to the success of any brokerage firm. My team and I look forward to accelerating our growth through the implementation of InsureSight Analytics.”
Holistic View of Operations
InsureSight Analytics represents iPipeline’s first-step initiative to deliver cloud-based analytics and benchmarking to distributors within the life insurance industry, according to Tim Wallace, CEO, iPipeline. “Running an efficient operation is no longer enough; management needs a holistic view of operations and the resulting insights to improve organizational performance and drive desired growth,” Wallace comments. “We are talking about a deep-dive analysis that detects cases with poor cycle time and identifies performers with low placement ratios. It also provides advanced analytics for use in negotiating partner terms, benchmarks your agency’s KPIs against the industry, and does much more.”