QLAdmin, Illustrate Partner on Life Insurance Platform
Staff Writer | August 30, 2016
QLAdmin Solutions and Illustrate Inc., announce a strategic partnership that brings together the QLAdmin life insurance policy administration system and the OPUS illustrations and point-of-sale system into one integrated insurance home office operations platform.
Initial development is underway with both teams working side-by-side on data analysis of ACORD Standardized file sharing and interface integration, with customization, development and testing for seamless integration not far behind.
The synergy of the QLAdmin OPUS integration will allow:
- Insurance agents to take electronic applications and access existing business via mobile tools or from the company-branded agent web portal.
- Encrypted client information to be held in OPUS until uploaded to the QLAdmin policy administration system where a new client policy record will be created and fully utilized through the entire lifecycle.
- Consumers to identify and assess their insurance and financial needs via company websites with education and calculator tools before beginning the application process.
- Policyholders to have secure and direct access to agent and policy information via the company-branded policyholder web portal.
- Insurance company home office employees to expertly service their policyholders by offering inforce and recalculated illustrations for increased compliance or identifying new sales opportunities (Illustrations will then be stored at the policy level as PDF documents).
“The QLAdmin platform integrated with the power of Illustrate’s OPUS suite responds to fill a gap in the marketplace with an affordable and integrated admin and illustration solution that no one else offers in North America,” says Kevin Netterfield, president of Illustrate. “I admire QLAdmin, their values and their commitment to client needs. Our integration partnership right off the bat felt like destiny and perfect timing.”
“We’ve always seen illustration functionality as a recurring question from potential clients for which we had no answer,” says Chris McCaul, president of QLAdmin. “The Illustrate platform is engaging and smart, and it’s the missing link to complementing the new business and policy admin process. We’re excited to work with Kevin and his team.”
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