Hooper Holmes (NYSE Amex:HH) today announced the availability of the Life Application Processing Platform sm, a new service designed to help mid-sized brokers and financial advisors sell more life insurance. The platform will be on display at the Company’s exhibition at the Association of Home Office Underwriters conference beginning Sunday, April 29, 2012 at the Loew’s Royal Pacific Resort in Orlando, Florida.
The Hooper Holmes Life Application Processing Platform was developed in partnership with industry-leading IT providers and is designed to complete applications for multiple life insurance companies. With a single click, producers submit a short form online and Hooper Holmes takes care of the rest.
“The life insurance application process is time consuming, hands on and detail oriented, and it takes time away from selling. Hooper Holmes has condensed this complex business process into a simple, 'one click' service to help financial advisors and mid-sized brokers write more business,” said Dan L. Dodson, Senior Vice President for Life Insurance.
“Our platform provides complete case management,” said Mr. Dodson. “We take on all the forms, scheduling and information gathering. We follow up with applicants. We collect all the health information, schedule the exam services, and do a complete quality assurance review before the application goes to underwriting. And we transmit the data to the carrier in record time.”This new platform leverages the full breadth of Hooper Holmes' service capabilities including Hooper Holmes' call centers, technology platforms, paramedical examiner network, and underwriting expertise. By accessing iPipeline's Velocity Platform, Hooper Holmes' call center specialists will process applications using the iGO™ e-App solution. “According to LIMRA, 30 percent of U.S. Households have no life insurance coverage. Our new Life Application Processing Platform has been designed to make it easier for financial analysts, estate planners and traditional producers to fill these gaps,” said Mr. Dodson.
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