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The insurance industry has been slow to leverage the technology it needs to keep pace with a competitive and rapidly changing marketplace:
- Slow: Over 40 days to process applications.
- Complex: Incompatible legacy systems, temporary work-arounds and multiple databases.
- Inefficient: Paper-based and error-prone manual processing. Delays and intervention for every step, including underwriting, authentification and third party verifications.
Within the area of licensing/appointments, nomoreforms eliminates the slow, inefficient paper-based method of interacting with the states and replaces it with a browser-based method that requires no expensive investment in hardware or software.
- Fast: Cut life insurance application and processing time from weeks to minutes, providing coverage to your clients faster.
- Easy: Make buying easier for your clients. Make sales and servicing easier for you.
- Simple: Simplify every step of your back office to cut costs, save time and eliminate errors.
- Straight-through electronic processing, single-entry dataflow and completely paperless workflow.
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eliminates illegible and incomplete forms and paperwork
- Allows controlled access to digitized appointment/licensing forms or any kind of form via the internet for increased speed, accuracy and efficiency
- Automatically cascades form responses from one form to all other forms- a user only enters a single piece of information once, regardless of the number of forms
- Permits users to digitally sign forms – and your staff to digitally countersign forms
- Electronic appointment/licensing validations through NIPR’s PDB and PIN systems
- Electronic export to your internal legacy systems
- Significantly improve service levels and increase capacity without staff additions
- Electronic interface with background services
- Powerful and Robust Reporting and Tracking Tool – appointments/licensing and renewal dates, staff processing time, and much more
- Maintenance free ASP solution, no hardware to support- no updates to apply
- Soon – to- be- released enhancements include interfaces with DTCC and NASD
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