Roper Technologies: iPipeline Acquisition & Insurance VMS
Former CEO at iPipeline
inpractise.com/articles/roper-technologies-ipipeline-acquisition-and-insurance-vms
Roper Technologies: iPipeline Acquisition & Insurance VMS(July 22, 2024)
Former CEO at iPipeline
Interview Transcript
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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.
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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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