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BGA Activity is on the Upswing!

At IBU we've declared that BGA activity is officially on the upswing. While volumes are way down from the peak of last summer, they have rebounded nicely from the trough of last winter. Summer is usually a slower time for life insurance activity. However this year, we have noticed an uptick in the number of case summaries being requested by BGA's. Despite the lower volume of informals industry wide certain life insurance carriers are still requiring case summaries, while at the same time limiting the number of pages that can be submitted for informal submissions. Home Office Underwriting Departments have cut staff and are maintaining requirements for informals that were created during the height of the informal boom. Even if a carrier doesn't require a summary or have page limitations, informals with summaries make a home office underwriters job much easier and therefore get looked at more quickly.

This still means that BGA’s still have to summarize the case and also determine which pages to send to the carrier.

IBU solves this problem by now providing a separate .pdf document containing only the most relevant pages from the APS’s. This .pdf is provided in addition to the required case summary.

IBU, Inc, one of the leading underwriting service providers of APS/Case summaries to BGA's and Home Office Underwriting Departments, is now able to select only the .pdf pages that are relevant to the underwriting decision on our secure, web-based system. The process is simple and efficient: The IBU underwriter selects the relevant pages while reviewing the case and submits the APS/Case Summary into our secure system, which generates a completed .pdf document.

We allow BGA's to give us the desired page count for the separate .pdf. Informals can be limited to 30 pages and for some carriers as low as 10 pages. Of course must cases easily top that number, especially if there are multiples APS’s. This new enhancement to the IBU system saves BGA’s the time and effort of sorting through APS’s to pull out irrelevant pages noted in the case summary. Instead, the BGA receives the case summary and the relevant pages together in a package that is within the page number limit and ready to forward to the carrier.

The IBU APS/Case Summary Service for BGA’s and producers is designed to meet the specific needs of the field force. Our experienced underwriters and web-based technologies create a seamless, paperless system for securely transferring medical records. The case summaries highlight all factors pertinent to risk selection with the objective of presenting the case in the most favorable light to the home office underwriter.

In addition to a main summary and .pdf document of relevant pages, a complete Brokers Report also is provided. This is a blunt, honest assessment of the case containing a ballpark rating. If the case is likely a decline it will be noted in the Brokers Report only and not in the main summary. It also states the action needed to get the case placed as quickly as possible. This report is for the “producer’s eyes only,” and should not be forwarded to the home office.

With IBU, there are NO set up costs or
minimum usage requirements!
Pricing is very competitive. There are NO set up costs or minimum usage requirements. With IBU’s APS/Case Summary Service, BGAs and insurance producers can access and pay for exactly the amount of underwriting expertise they need, without having to hire a underwriter!