The Penn Mutual Life Insurance Company Receives National Award for New Digital Client Experience
The 171-year-old life insurance company recognized as an industry leader in innovation benefiting advisers and their clients
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Penn Mutual’s digital client experience is an innovative tool that condenses the life insurance policy application process and decision-making time from an industry average of 30 days or more to as little as 24 hours.
The cutting-edge digital experience delivers on two fronts by providing solid business support for advisers while meeting evolving client expectations. “Technology has revolutionized the buying process of just about every financial services product from mortgages to tax filing,” says Novarica’s Eberly. “This new digital experience from Penn Mutual now brings that brand of convenience, speed and security to life insurance.”
Just as important, says Driscoll, the digital experience supports Penn Mutual’s advisers by simplifying the purchasing process for their clients, providing more time for advisers to focus on the unique needs of their clients, and helping expand the scale and reach of their businesses.
“Our digital client experience offering eliminates many administrative burdens for advisers so they can better focus on providing solutions for their clients, their families and businesses. Penn Mutual is proud to help modernize the life insurance process and have a positive impact on our marketplace and industry,” concluded Driscoll.
About
Since 1847, Penn Mutual has been committed to helping people live life with confidence. At the heart of this purpose is the belief that life insurance is central to a sound financial plan. Through our network of trusted advisers, we are dedicated to helping individuals, families and businesses achieve their dreams. Penn Mutual supports its advisers with retirement and investment services through
©2018
About the Novarica Impact Awards
The Novarica Research Council Impact Awards are the largest purely peer-juried awards in insurance technology. Council members vote annually to recognize the efforts of their peers to use technology to drive business value in digital, data/analytics, core systems, and IT operations. No vendors, consultants, journalists, or members of the Novarica team participate in the selection committee, making the Novarica Impact Awards distinctive in being a purely peer-juried award.
The Council is managed by Novarica, a research and advisory firm that helps more than 100 insurers make better decisions about technology projects and strategy through published research, advisory services, and consulting on IT strategy, benchmarking, project assurance, capability and organizational assessments, and vendor selection. https://novarica.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181001005169/en/
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Penn Mutual
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