Texas-based insurer goes live with OPUS Digital Platform
Toronto, ON (Apr. 2, 2021) – Following the July 2020 announcement of Germania Life Insurance Company (GLIC) selecting illustrate inc to lead the digital transformation of their life insurance business, both parties are excited to announce that the system went live in January 2021.
The new OPUS platform transforms GLIC’s day-to-day processes from mainly paper-based to a fully digital workflow including quoting, illustrations, instant report generation, eApps, eSignature, and more. Covering their entire Life Insurance product line, the platform has been fully integrated with other third-party systems to automate the process of collecting and processing additional information required to finalize and issue a policy.
Germania Agents now have access to a powerful tool set to significantly streamline the sales process and enhance the overall User/Customer experience. Consequently, GLIC has already begun realizing tremendous efficiencies through exponential improvements in speed and quality.
“The OPUS system has provided a much more streamlined and efficient process for our agents to quote and bind business through Germania Life,” Executive Vice President and Chief Marketing Officer Min Choi said. “Our team has already received positive feedback and testimonials from our agency partners as they become familiar with the new platform.”
“A project of this magnitude required full and transparent collaboration between the Germania Life and illustrate inc teams, something that was established virtually immediately,” says Lyndon Edwards, President of illustrate inc. “There were many moving parts to consider, including the involvement and integration of numerous 3rd party partners. We are very proud to have been able to provide Germania Life with such a powerful platform to help them transform their Life Insurance business.”
A Phase II Direct-to-Consumer (D2C) solution is currently in the works and includes a powerful new quoting and application workflow for a simplified application and underwriting process.
About Germania Life Insurance Company
Organized in 1983, Germania Life Insurance Company is a wholly owned subsidiary of Germania Insurance that provides life insurance products to members and policyholders. Regulated by the Texas Department of Insurance, GLIC offers affordable whole and term life policies to fit a variety of insurance needs.
About Germania Insurance
Founded in 1896, Germania Insurance provides auto, property, and life insurance for thousands of Texans. It is the largest farm mutual insurance company in Texas and one of the top companies for independent agents. Germania has earned spot on Forbes’ 2021 America’s Best Insurance Companies in Each State list, securing a top-five ranking for both its auto and home insurance products. Germania is a proud Texas company, exclusively providing protection and insurance services for Texans for 125 years.
About illustrate inc
Established in 1989, with offices in Toronto and Kansas City, illustrate inc builds and delivers powerful and innovative web-based POS software solutions – including quoting, illustrations, and eApps – for the North American Life Insurance industry, enabling carriers of any size to embark on, extend, or enhance their Digital Transformation. For more information, and to learn more about illustrate inc’s powerful quoting, illustrations and eApp solutions, please visit illustrateinc.com.
SOURCE: illustrate incTags: App, digitization, e-signatures, illustrate inc, InsurTech, InsurTech Spotlight, Transformation