MRS Continues To Grow and Adds Major Clients

MRS Continues To Grow and Adds Major Clients

By - 8 July 2022

MILWAUKEE, June 29, 2022 — MRS, a global leader in insurance automation and technology solutions, announced today that they have engaged in strategic partnerships with Puritan Life Insurance Company of America (PLICA) and 5Star Life Insurance Company (AFBA) to assist and advance automated underwriting solutions within the respected insurance companies. By integrating MRS’s No-code platform to the underwriting process, customers can launch a seamless end-to-end buying experience and provide fully underwritten offers at point-of-sale.

 

The relationships are part of a strategic initiative by MRS to align with select life insurance companies that want to advance and integrate the MRS No-Code platform into their underwriting processes.  The platform enables a more cost effective and timely process, as well as easy maintenance moving forward.  One brand new initiative with these integrations is the new MRS Underwriter’s Workbench that will be leveraged and featured within the platform.  Through these partnerships, MRS, PLICA, and 5Star will seamlessly build the next generation of application collection and underwriting technology.

 

Chad Gracey, Vice President of New Business Development from MRS says, “These are wonderful companies to bring under the MRS umbrella and offers us potential to continue to innovate, progress and grow in the category. These client additions will bolster our core offerings and further defines our footprint in the industry.”

 

At MRS, we help clients transform change into a competitive advantage. MRS provides a high-end technology product to the life, health, and annuity insurance industries. In today’s world where “the only thing constant is change,” that original vision has been expanded to include more services and technology capabilities designed to help clients adapt quickly and in a cost-effective way. MRS has invested heavily in our technology platform to create a foundation for the next revolution in life insurance. MRS’s No-Code platform gives you all the tools needed to build a highly secure, complex application that efficiently collects voice and electronic data without writing a single line of code. The result is a vastly reduced time to market with no initial or ongoing maintenance costs making the total cost of ownership substantially lower than status quo solutions. Our platform’s ability to support powerful reflexive logic makes the MRS rules engine extremely efficient in collecting all information needed to make a point-of-sale decision. The capabilities and flexibility of our platform allow customers to use the MRS technology platform as their single solution or as a tool to support and enhance current technology solutions they already have in place. Please visit us at www.managementresearchservices.com or contact us by email at sales@mrsreps.com to learn more.

 

About Puritan Life Insurance Company of America

 

POWER OF HERITAGE – We believe there’s value in history. In building a solid foundation, focusing on the future, and actively growing each day to become true experts.

 

COMPANY WE KEEP = We believe you are the company you keep. Since our start, we’ve concentrated on partnering only with people who share our people-first values.

 

THE GOLDEN RULE – We believe in treating others as we would like to be treated. Above all else, we’re people first and here to make each interaction as friendly as possible.

 

60 YEARS OF HISTORY – We know you’ve worked a lifetime for your hard-earned money. And since 1958, our team at Puritan Life has been focused on helping you and your family maximize and save it. Our team is here to listen and help you handpick products that fit your personal financial goals and set you up for a lifetime of financial success.

 

About 5Star Life Insurance Company

 

The 5Star Life Insurance Company (5Star Life) has a proud and unique heritage as a related enterprise of the Armed Forces Benefit Association (AFBA). The Armed Forces Benefit Association (AFBA) is a not-for-profit association established in 1947 to promote the general welfare and economic interests of military families during war and peace. Over time, we have expanded membership eligibility to also serve federal government employees and contractors, as well as first responders – law enforcement, firefighters, and emergency medical personnel.

 

Founded in 1996, 5Star Life is AFBA’s principal underwriter for member insurance products. This has allowed AFBA to continue to stand by our country’s armed forces providing access to life insurance and other member benefits in both war and peace for over 70 years. Through the years, 5Star Life has grown and evolved with market opportunities successfully expanding into other segments including the employer group and worksite benefits markets. This history and a deep sense of service provide us with a unique perspective and dedication to all our partners.

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