[PDF] Case Study About SECU. State Employees Credit





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Case Study

About SECU. State Employees Credit Union (SECU) has a 76-year history of providing employees of the State of North. Carolina and their families with 



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Welcome to the Surgical Extended Care Unit Welcome to the

e know that being in the hospital is stressful for both patients and families. Our goal is to help make your visit as stress-free as possible.

About SECU

State Employees Credit Union (SECU) has a 76-year

history of providing employees of the State of North is owned by over 1.9 million members and provides www.ncsecu.org

Starting SECU Life Insurance

Union made the decision to start its own insurance it would be very important to add convenience to the the time to sit down to go through a lengthy process T o develop their successful strategy for underwriting in need to meet the needs of their agents as well as the demands of consumers.

SECU Life objectives:

process

Provide streamlined business process for agents

underwriting products

Quote to Policy Issue in One Visit

solution that agents could easily learn. ɬɬsolution that was cutting edge and easy to implement underwriting. The insurer needed a business solution client.

Meeting Objectives, Finding the Right Systems

adoption of the technology for point-of-sale decisioning were critical to its initiative and to the overall success of its platform. The SECU and provide a better way of doing business for employees and consumers.

Focused on providing fast decisions to their

and the timeframe to implement the systems was in an integrated manner because a best-of-breed approach would not enable them to meet their timeline. automated underwriting systems. that would help us get to a production environment

Implementation in Months, Not Years

Case Study

Partnering for Success

A new life insurance company embraces new technology to offer members point-of-sale decisions with Sapiens' sales illustrations, electronic applications, and automated underwriting

Decisions Take a Fraction of Usual Timeline

a decision in less than 15 minutes. Policy holders can support of two underwriters. has been very positive. Our agents and our operations

SECU Life Business Model Today

communication between the underwriting system and of the process status and then delivering the decision to the e-app. application in person or over the phone in less than

15 minutes. This includes both branch and call center

agents. evidence and underwrite the returned data along with the application information via UnderwritingPro. Plans for the future include adding the ability to: member portal

Consumers today are used to instant purchase

satisfaction of their purchase demands. Being will foster even greater consumer satisfaction and

Contact us at

info.sapiens@sapiens.com or visit us at www.sapiens.com

Case Study

Partnering for Success

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