iPipeline: A New Way to Process Policies at GBU Life

April 29, 2022

GBU is excited to announce that our new software platform, iPipeline, is now live! The software is currently available for life insurance products; annuity products will be added at a later date. The iPipeline platform not only allows for faster internal processing of policies, but also an easier experience for both agents and members.

Continuing with GBU's goal of modernizing and strengthening our infrastructure, we've developed and launched four components of the iPipeline platform including Illustrations, E-Applications, Underwriting Engine and E-Docs. Here are some of features and benefits of the new system, which will result in an easier application process as well as more streamlined internal processing.

Illustrations 
• Ensures technology is always up-to-date
• Accurately evaluates complex policies
• Illustration information automatically populates to the application so there is less information to fill out.

Applications and E-Docs 
• Allows for remote e-signature. Customers can sign at their convenience on their computer or smartphone.
• Customers can receive their policy digitally when it is issued. This reduces delivery times from weeks to hours
• Prefilled fields in the application shorten the application process
• The system checks to make sure all information is filled out for more streamlined processing.
• Helps avoid costly policy re-issues
• Delivers real-time dashboard alerts

Underwriting Engine 
• Reduces costs and cycle time
• Increases capacity
• Offers regulatory control, monitoring and compliance 
• Provides real-time reporting and analytics

The iPipeline platform provides GBU with the most comprehensive, end-to-end platform for selling, processing and servicing of our products. Their solutions were developed with the specific goal of enabling carriers like GBU Life to achieve complete straight-through processing.

Applications automatically feed into GBU’s new software, allowing the process to start before an underwriter touches the policy. We can now move applications in a week or two, rather than a month.
  



November 20, 2024
Winter is a perfect time to bond with family and create cozy, memorable moments. From fun games to creative crafts, here are some top indoor activities to bring everyone together.
November 13, 2024
Since its launch in 2014, the Welcome Home program by Operation Troop Appreciation has become a beacon of support for veteran families, impacting thousands who’ve bravely served but now face the challenges of civilian life. The program fills a crucial gap by helping prevent homelessness and poverty among veterans and providing much-needed assistance as they establish new lives.
November 7, 2024
In honor of Veterans Day, GBU compiled a blog featuring those who have served our country. GBU members were invited to share stories of the veterans in their lives, helping to honor their service and sacrifices and ensuring their legacy is remembered and celebrated.
November 4, 2024
In a world filled with busy schedules, digital distractions and seemingly endless goals, it can be easy to forget to pause and appreciate what we already have. Here are some practical ways to bring thankfulness into your daily routine.
November 1, 2024
Winter is a magical time filled with holidays and the warmth of togetherness. It’s the perfect season to start traditions that your kids will look forward to every year. Here are some creative ideas to start your family’s unique winter traditions!
October 29, 2024
As winter rolls in and the days grow shorter, it’s the perfect time to shift focus indoors and tackle some projects. Here are five effective strategies to organize your home this winter.
October 28, 2024
These practical steps will help you stay cozy and save on energy bills all season long.
Two people hugging
October 16, 2024
Wondering how your donation to The GBU Foundation fuels opportunities and growth in communities? Here you'll find stories from some of the the 2024 Community Grant Award winners.
Person sitting on floor packing luggage
October 15, 2024
Here are a few handy tips to keep in your back pocket while traveling for Thanksgiving.
Backpacker outside on a hike
October 14, 2024
Four fall activities that can also serve as a workout.
More Posts
Share by: