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iPipeline Awarded Patent for Computerized Method for Preparing Insurance Applications
Tuesday, June 15, 2010
Exton, PA -- iPipeline™, a leader in on-demand software that supports marketing, selling, and processing solutions for the nation’s top insurance carriers, distributors and their producers, today announced it has been granted United States Patent No. 7,689,444 by the U.S. Patent and Trademark Office. The patent covers a computerized method for preparing insurance applications. The patent, issued on March 30, 2010 from U.S. Patent Application Number 10/370,344, was filed on February 19, 2003. A continuation application has been filed claiming additional subject matter.
“iPipeline is proud to have been granted United States Patent No. 7,689,444. Under the method covered by patent, the completion of an insurance pre-application can be outsourced to a service provider, which reduces insurance broker or producer involvement in the application process. The benefits to the industry as a whole are enormous when you consider the speed to market advantages, gained efficiencies, and reduced underwriting time,” said William Atlee, Chief Strategy Officer at iPipeline and an inventor of the patent. “We believe the patented method of preparing insurance applications is of particular benefit in non-traditional markets such as banks and broker-dealers, and we are pleased to have brought this innovation to the insurance industry.”
About iPipeline
iPipeline leads its industry in providing the next-generation suite of sales distribution software as a “clean technology” to the insurance and financial services markets through its on-demand service. iPipeline's channel solutions for carriers, distributors, and producers automate activities for quoting, forms processing, illustrations development, agency management, requirements ordering, contracting, and content distribution, enabling the insurance industry to market, sell, and process faster. iPipeline’s iGO e-App™ for Drop Ticket solution is licensed and extensively used on a daily basis by carriers, BGAs, banks, broker-dealers and direct writers within the insurance industry to simplify the pre-application process, resulting in reduced data entry, processing errors, and underwriting time. To learn more about iPipeline’s iGO e-App™ for Drop Ticket solution and how it supports the marketing, selling and processing of insurance, contact sales@ipipeline.com or call 1-800-758-0824, option 2.
iPipeline provides the process automation and seamless integration needed to make a sale by aggregating approximately 200 carriers, 1,200 distributors, and their financial professionals in a single, Web-based environment — the iPipeline Network. With headquarters in Exton, Pennsylvania, iPipeline has offices in Atlanta, Charlotte, Milwaukee, and Salt Lake City. Visit us at www.ipipeline.com.
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