77% Close Rate with Optimal STEP Implementation
STEP Solutions reported that one of its clients, a mid-tier life insurance carrier, saw a 77% close rate on new life policies issued following the successful implementation of the STEP Platform. STEP’s web-based system was leveraged for the optimal new business process. Following the implementation, the carrier’s acquisition cycles ranged from 1 to 12 days and the average time to collect signatures was reduced to a single day. These are dramatic improvements, when compared to the average industry standard underwriting time of 26 days. Review our full case study results.