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Partner Interview
Published July 22, 2024

Roper Technologies: iPipeline Acquisition & Insurance VMS

Executive Bio

Former CEO at iPipeline

Interview Transcript

Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.

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So, you explained a bit there about what iPipeline does, but how critical is it to its customers?

We basically automated the collection and the dispersion of data on all those policies. I think we processed probably about four or five million out of the 15 million that occurred in the marketplace on an annual basis.

This is a snippet of the transcript.to get full access.

So, you explained a bit there about what iPipeline does, but how critical is it to its customers?

When I took the company over in 2009, less than 5% of applications in that whole process were done on paper. By the time we sold it to Roper, the electronic use of those forms and quote platforms and illustrations properly represented about 65% of all applications processed in the marketplace, with still 35% done on paper. Today, it's probably about 15% paper and 85% completely automated through our platform or others.

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