Covr Financial Technologies, a leading digital insurance provider, has launched Advisor 3.0, the latest version of its flagship insurance platform.
The update looks to address the growing need for efficiency and digital transformation in the insurance industry. Financial professionals increasingly require streamlined solutions to enhance client experiences and reduce administrative burdens.
Advisor 3.0 is a cutting-edge platform designed to reduce insurance application workflows by up to 50% and shorten case processing times by an average of 10 days.
Fully responsive across all devices, the platform enables advisors to consult with clients, prepare for meetings, and submit business within minutes. Integration with popular CRM systems and automation of form completion and compliance reviews make it a powerful all-in-one solution.
Clients using Advisor 3.0 have seen a 60% increase in insurance adoption as part of financial planning.
The platform’s user-friendly design, combined with a market-leading Net Promoter Score (NPS) of 65, has made it easier for advisors to sell insurance by removing traditional barriers.
Covr’s CEO, Mike Kalen, highlighted the platform’s transformative capabilities, saying, “We’re committed to driving innovation in life insurance. With Advisor 3.0, we’ve taken digital transformation to the next level, providing financial professionals with powerful tools to deliver a faster, more efficient client experience, customised solutions for their clients, and streamlined customer service and compliance.”
Scott Cuyler, VP and Head of Product Development at Covr, emphasised the platform’s design benefits: “The intuitive design of the platform and our market-leading 65 Net Promoter Score (NPS) have made it much easier for financial advisors to offer life insurance by removing many of the previous barriers to selling insurance to their customers. It’s exciting to be part of the team bringing this powerful tool to market.”
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