Exton, Pa.-based iPipeline has been granted United States Patent No. 7,689,444, covering a computerized method for preparing insurance applications by the U.S. Patent and Trademark Office. A continuation application has been filed claiming additional subject matter, according to an iPipeline news release.
“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," comments William Atlee, chief strategy officer, iPipeline, and an inventor of the patent. "The benefits to the industry as a whole are enormous when you consider the speed to market advantages, gained efficiencies, and reduced underwriting time.
“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,” Atlee asserts.
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio