Big Data provides an enormous opportunity on blocks of Inforce Policy Management business. It can be used for predictive modeling for underwriting, policy persistency, lapse trends, new sales opportunities, and many more critical analysis benefits for a carrier and distributor. This page will explore data mining and analytics, and introduce you to solution providers that can turn the data into new opportunities. Inforce Platforms are designed for an advisor to monitor their block of business and do client policy reviews. There are consumer Mobile Apps where a client can make changes through Inforce Policy Management system.
Life Inforce Policy Service
LDS™
new business and underwriting solution
LDS™ is a comprehensive digital new business and underwriting platform with a flexible eApp and full automated underwriting and workflow capabilities. You can automate your entire new business and underwriting process from receipt of app through to policy issue.
Life Insurance Sustainability Analytics – LISA – is a powerful, easy to use online toolset that tests Variable and Indexed Universal Life policy illustrations, providing a real-world assessment of the probability of achieving (or not) the policy owner’s expectations for the policy. Expectations like premiums, income from policy loans and death benefit amounts at critical ages cannot be tested for likely policy success or failure with just the standard industry illustration – LISA is currently the only way to obtain this policy performance risk assessment.
Life Insurance Sustainability Analytics – LISA – is a powerful, easy to use online toolset that tests Variable and Indexed Universal Life policy illustrations, providing a real-world assessment of the probability of achieving (or not) the policy owner’s expectations for the policy. Expectations like premiums, income from policy loans and death benefit amounts at critical ages cannot be tested for likely policy success or failure with just the standard industry illustration – LISA is currently the only way to obtain this policy performance risk assessment.
LifetimeService is a self-service platform that puts your policyholders in charge of their life insurance, easily and intuitively, allowing you to configure the experience you want your policyholder to have, including branding, layouts, workflows, and policy data.
LifetimeService is a self-service platform that puts your policyholders in charge of their life insurance, easily and intuitively, allowing you to configure the experience you want your policyholder to have, including branding, layouts, workflows, and policy data.
NIC is a multi-carrier in force data and technology platform that empowers life insurance Distributors and Agents with access to their in force life and annuity data. NIC partners directly with Carriers to receive daily data feeds and automatically generate sales and service opportunities from the in force data, helping Distributors and Agents to monetize their book.
Consolidate your book of business into one system of record, regardless of carrier or distribution channel. Track policy performance relative to client objectives throughout the life of the contract. Never miss a lapse-pending policy or conversion opportunity and protect client outcomes.