Banking on its highly developed digital backbone, Insular Life launched the country’s first fully digital insurance selling system called Virtual Business Enabler.
Under the ViBE platform, InLife financial advisers will be able to complete insurance selling without any face-to-face interactions with the client.
“ViBE is a multiplatform system hinged on digital tools and innovative procedures,” said InLife senior executive vice president Raoul Littaua.
InLife, as early as 2015, started putting in place the necessary technologies, such as the automated underwriting system to enable the company transition its business model into the digital age.
The systems and tools at the disposal of InLife positioned the company to function and operate fully digital. “We are happy to note that our digital ecosystem, which we have painstakingly built over the years, is an enabler for our FAs to cater to the needs of their clients and to service them amidst the lockdown,” said Littaua.
ViBE will allow clients to sign their policy electronically and to pay for their dues digitally or through online bank transfers.