Laser App Software, the premier provider of forms automation and management software for the securities and insurance industries, today announced a new alliance with Brokers' Service Marketing Group (BSMG) and tioTERM, BSMG’s online life insurance platform. The integration of Laser App Anywhere with tioTERM, an end-to-end solution for writing term life insurance, makes possible customizable straight-through processing of term life applications and policy management. This alliance marks an important milestone in Laser App’s strategic expansion into the insurance industry.
Laser App Anywhere is a web-based, mobile forms-filling solution for financial advisors and insurance agents to conduct and process business from virtually any location. tioTERM is a web-based platform for producers to quote and write term life policies quickly and easily in a unique paperless environment. Through the integration of the two platforms, producers can enhance straight-through processing of term life insurance by automating the operational workflow of insurance policy determination, pre-qualification and quote generation, application, drop-ticket submission, e-signing, policy management, and delivery.
tioTERM leverages Laser App’s over 35 different Customer Relationship Management (CRM) system integrations to funnel data into tioTERM, saving producers and BGAs both time and resources. Producers can also pre-fill life applications by transmitting client information from tioTERM directly into Laser App Anywhere. These two options allow the BGA and producer to choose their own way to process term insurance applications – using either the tioTERM fulfillment center or the back office of the producer’s BGA or broker-dealer.
“tioTERM is a truly innovative solution backed by BSMG’s 40 years of experience,” commented Robert Powell, Vice President of Sales & Marketing at Laser App. “Laser App has dedicated significant time and resources to ensure our continued success in the insurance vertical, and we are thrilled to be aligned with tioTERM.”
“Laser App has dominated forms filling in the securities industry for the last 17 years, and the company continues to gain traction with insurance carriers and BGAs,” commented Andrew Hamill, Executive Vice President, tioTERM, BSMG. “For that reason, Laser App Anywhere is an excellent complement to our platform. The software is reliable, simple, and allows producers using tioTERM to work more efficiently and effectively by automating the forms process for term life insurance applications in a way that has never before been offered.”