Tag: acquisition

iPipeline Acquires IFS

Written by iPipeline on . Posted in Press & News. Leave a Comment

Acquisition Expands the SSG Digital Platform to Include Low Code/No Code Advisor Products for Onboarding, Asset Movement, Maintenance and Transitions

Exton, PA (September 23, 2020) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced it has acquired IFS™ (Impact Financial Systems), a leading provider of service request automation solutions for client onboarding, asset movement, maintenance and advisor transitions. The company’s low code/no code solutions are deployed at some of the world’s largest brokerage, wealth, banking and insurance companies. The acquisition enables iPipeline to further simplify and automate business activities and increase efficiency for advisors working at Financial Institutions, Broker-Dealers, and RIAs. Tim Parsons, President and CEO at IFS, will be joining iPipeline’s team.

“In the current COVID-19 pandemic, advisors need digital technology more than ever to overcome the business obstacles. Tim Parsons and his team at IFS have done a remarkable job of creating and delivering innovative and automated alternatives to less productive manual and outdated processes, and this is contributing in a huge way to driving advisor sales into today’s environment,” said Larry Berran, CEO, iPipeline. “The acquisition positions iPipeline to offer next-generation low code/no code products to Financial Institutions, Broker-Dealers and RIAs along with our AFFIRM®, iGO® e-App and Laser App® products to substantially expand the advisor tools in our SSG Digital® platform. Their workflow engine is second to none in the industry and contributes in a huge way to ensuring the necessary suitability reviews have taken place for compliance. I am excited to welcome Tim and his team to iPipeline.”

“Larry and his team have assembled an impressive platform through internal development and strategic acquisitions executed during the past 12 years. I am pleased to see our IFS product offerings fitting in as valuable components in their low code/no code platform strategy,” said Tim Parsons, President and CEO, IFS. “We have focused on adding new integrations and features to our products while insisting on simplicity and a consistent advisor experience to keep our Broker-Dealer and RIA customers on the cutting edge of digital enablement. I look forward to working closely with Larry’s team, increasing the value of the SSG Digital Platform for our collective customers, and further growing iPipeline’s network to foster industry collaboration.”

DecisionPoint M&A advisory services acted as the exclusive sell-side advisor to IFS in the transaction.

To learn how you can implement iPipeline’s SSG Digital, end-to-end platform to automate advisor business activities and better engage the digital customer, contact sales@ipipeline.com or call 1-800-758-0824, option 2.

About IFS
IFS is the leading provider of automation solutions for Client Onboarding, Asset Movement, Maintenance, and Advisor Transitions. The company’s service request automation solutions are deployed at some of the world’s largest brokerage, wealth, banking and insurance companies. IFS’s solutions are powered by the IFS Automation Platform, enabling rapid creation, customization and deployment of automated service request solutions for any service delivery channel. To learn more about IFS, please visit www.ifsautomation.com.

About iPipeline
iPipeline is a leading provider of low code, cloud-based software solutions for the life insurance and financial services industry. Through our SSG Digital, end-to-end platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in our ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers on a global basis. Our innovative solutions include pre-sales support, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, user-driven configuration, consumer delivery and self-service, and agency and firm management.

iPipeline’s platform is used by approximately 150 carriers, 1,400 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Bromley (UK), Burlington (Canada), Cheltenham (UK), Dallas, Davidson, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.

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For iPipeline:
Lisa Shea
Marketing
lshea@ipipeline.com
484-870-6234

iPipeline Acquires WELIS

Written by iPipeline on . Posted in Blog. Leave a Comment

Acquisition Expands Life Insurance Illustration System Offerings with PAS+ Integration for Insurers in the US

Exton, PA (September 22, 2020) – iPipeline® – a leading provider of cloud-based software solutions for the life insurance and financial services industry – today announced it has acquired WELIS, a premier provider of life insurance illustration systems to carriers in the US. The WELIS Ascent® Illustration System is designed to help insurers sell and service customers in a multi-channel distribution environment. The award-winning software* is constructed as a standard single life illustration system that can be transformed into a sophisticated multiple life / multiple plan system with a single button click. The acquisition positions iPipeline as one of the largest providers of illustrations in the life insurance industry.

“Stephen Frederick, CEO of WELIS, and his team have created a benchmark illustrations system against which all other platforms are compared. Ascent will be integrated into our low code, SSG Digital® Platform and allow agents and advisors to quickly run real-time scenario-based illustrations, save them, and send them to customers for review and e-Signature through our PAS+® agent portal. Agents and advisors can also run an illustration and include it during the e-App process to collect e-Signatures, reducing cycle times and improving iGO® e-App processing rates,” said Larry Berran, CEO, iPipeline. “Carriers can manually run or automate the distribution of in-force illustrations, re-run illustrations during underwriting, and make the necessary distributions to agents and consumers for e-Signature pre- and post-issuance.”

“We are excited about integrating WELIS’ in-force illustration solutions with PAS+ and our ability to offer iSolve®, our research and permanent quoting product, to their customers. Additional Ascent integrations with our AlphaTrust® e-Sign and InsureSight® business intelligence and data analytics products will give insurers great tools to accelerate sales, better leverage information, and increase compliance for in-force reporting requirements,” added Berran. “We are looking forward to changing the permanent insurance game with WELIS’ high-powered illustration system and our omni-channel, quote-to-claim low code platform.”

“iPipeline has done an outstanding job of developing one of the industry’s most powerful and versatile platforms. The current COVID-19 environment has placed a spotlight on the need to accelerate the integration and use of digital platforms. iPipeline’s clients are well-positioned to reap the benefits of their investments, and our Ascent Illustration System is a perfect next-step for carriers seeking to use a highly customizable, brandable, rapidly deployed product,” said Stephen Frederick, CEO, WELIS. “The integration of Ascent into the SSG Digital Platform with PAS+ will deliver immediate benefits to customers who are committed to taking the digital journey. I am pleased to see our technology being put to great use by Larry and his team.”

Morgan Partners served as exclusive financial advisor to WELIS in this transaction.

To learn how you can implement iPipeline’s illustration products to streamline and accelerate new business acquisition and in-force management processes and better engage the digital customer, contact sales@ipipeline.com or call 1-800-758-0824, option 2.

*Novarica RAVE Award

About WELIS
WELIS is a premier provider of life insurance illustration systems supporting individual and group lines of business for carriers in the US. Its Ascent Illustration System is designed to help insurers sell and service customers in a multi-channel distribution environment. The software is constructed as a standard single life illustration system that can be transformed into a sophisticated multiple life / multiple plan system with a single button click. As a single platform it can be used by multiple distribution channels requiring only a basic ledger to those with sophisticated multiple life COLI needs. To learn more about WELIS and the Ascent Illustration System, visit www.WELIS.com.

About iPipeline
iPipeline is a leading provider of low-code, cloud-based software solutions for the life insurance and financial services industry. Through our SSG Digital, end-to-end platform, we accelerate and simplify sales, compliance, operations and support. We provide process automation and seamless integration between every participant in our ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers on a global basis. Our innovative solutions include pre-sales support, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, user-driven configuration, consumer delivery and self-service, and agency and firm management.

iPipeline’s platform is used by approximately 150 carriers, 1,400 distributors and financial institutions, and their agents and licensed advisors in a cloud-based environment. With headquarters in Exton, Pennsylvania, iPipeline has locations in Boston, Bromley (UK), Burlington (Canada), Cheltenham (UK), Dallas, Davidson, Fort Lauderdale, Huntersville, Ontario (CA), Philadelphia, Pleasanton, and Salt Lake City. Visit www.ipipeline.com.

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For iPipeline:
Lisa Shea
Marketing
lshea@ipipeline.com
484-870-6234

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