Integration for EXLServices LifePro keeps costs down, security high for Life insurers
Like other insurers, Life insurance companies seek ways to reduce the costs associated with securing new business and processing claims. Traditional means requires a considerable amount of time capturing prospect information and performing data entry to start the underwriting process. The OnBase Integration with LifePro provides a more efficient approach to processing.
OnBase captures data from industry standard forms such as HCFAs, UB04, and CMS1500 and uploads that data directly into LifePro, eliminating manual data entry of paper claims information. By offering easy access to policy documentation from within the familiar interface of their insurance company’s system of record, OnBase keeps underwriters working "heads down" in LifePro - rather than toggling between systems – which increases processing speed for both new and renewal business.