Effectively navigating policy admin systems is a known necessity in digitizing the life & annuity experience. Although we’ve significantly advanced the eApp experience, behind-the-scenes legacy operational requirements continue to inhibit the delivery of a seamless experience.
TC103 is one of these behind-the-scenes roadblocks. It is a file transmitted from eApps to policy admin systems to initiate policy generation and delivery. And like many life & annuity operational tasks, data format variations prohibit it from being a simple transmission. While data is being processed in the backend, consumers receive a spinning wheel on screen (or worse, a frozen screen). Such delays create undesirable speed bumps in the eApp flow.
Our recently released TC103 XML Data Integration feature creates and manages TC103 documents, translating application data to the XML format used by your organization. Ultimately, enabling the streamlined exchange and processing of eApp data across various systems and platforms.
Key aspects include:
- Standardized XML Format: Produces application data in a consistent XML format, ensuring compatibility and interoperability with other systems and platforms. Facilitates seamless data transfer and integration.
- Efficient Data Exchange: Simplifies the exchange of application data between insurance carriers, third-party service providers, and regulatory bodies. Accelerates application processing and reduces turnaround times.
- Seamless Integration: Supports integration with existing insurance admin systems and platforms. Allows for smooth ingestion and utilization of TC103 XML data within broader operational workflows.
- Customizable Data Fields: Configurable XML schema aligns with specific data requirements and business rules for your organization. Provides flexibility in how application data is structured and utilized.
Launch of this new LifetimeACQUIRE feature has helped speed up TC103 processing by 99%, eliminating the longstanding eApp speed bump. Stop allowing legacy systems to force the delivery of legacy experiences. Together we can overcome backend hurdles to deliver flexible experiences built for today and beyond. Learn more about LifetimeACQUIRE, a configurable sales platform that puts power into the hands of buyers and agents.