iLife Technologies

Agility and scalability are critical for any insurance carrier looking to stay competitive, especially with modern distribution partners. Yet, many carriers are held back by rigid legacy systems and inefficient integrations that drain resources and delay innovation. At iLife, we designed the Universal API to solve these challenges. With a streamlined, reusable API infrastructure, carriers can seamlessly connect with any distributor interface, eliminate costly and redundant integrations, and launch new products in months, not years. The result? Enhanced operational efficiency, reduced IT costs, and faster growth. By streamlining connectivity and data exchange, our Universal API doesn’t just simplify your current operations—it sets the foundation for a future-ready infrastructure that scales as you grow.

As AI continues to transform the financial services industry, insurance carriers should consider how to effectively employ the use of APIs (application programming interfaces) to create a seamless system to work with clients. Kartik Sakthivel, Ph.D., chief information officer for LIMRA and LOMA, and Nelson Lee, founder, iLife Technologies, describe how APIs can help create a better infrastructure for AI. #MarketFacts #AI #FinancialServices

Next month, iLife is hitting the road! We’re excited to connect with industry leaders and innovators at these upcoming events: 📅 September 15-17: LIMRA Annual Conference As an Elite Sponsor, we’ll be at Booth #200 and sponsoring the all-conference breakfast. 📅 September 25-27: American Council of Life Insurers - ACLI Annual Conference Join us as we host a panel discussion, 'Achieving AI Readiness To Drive Efficiency and Innovation,' on September 26 from 10:45 – 11:45 AM. 📅 September 29-October 1: LIDMA (Life Insurance Direct Marketing Association) Annual Conference Stop by our breakout session on September 29 from 9:45 – 10:15 AM in Palm CD to discover how leveraging iLife's Universal API can streamline integrations and drive growth. Which event will we see you at? Comment below! 👇

🎙️New on the iLife Podcast: Meet our CRO, Steve Robinson! Tune in as iLife Technologies' Founder & CEO, Nelson Lee, sits down with our new CRO, Steve Robinson, who shares his inspiring journey from leading distribution efforts at major insurance carriers to becoming an #insurtech innovator. Steve has seen firsthand the challenges and limitations of legacy systems and the immense potential that a tool like iLife’s Universal API could have offered in his past roles. Now, he's on a mission to "make insurance cool again" by driving innovation and transforming the industry from within. In this episode, Steve and Nelson discuss how technology can revitalize insurance distribution, enhance connectivity, and unlock new opportunities for growth. This is a must-listen for anyone interested in the future of insurance and the role of technology in driving change. Watch the full episode here ➡️ https://bit.ly/46JSccN

In the rapidly evolving landscape of insurtech, the Universal API stands out as a key driver of transformation. Together Nelson Lee, iLife Founder and CEO, and Kartik Sakthivel, Ph.D. VP and CIO of LIMRA, offer a forward-looking perspective in the August issue of MarketFacts from LIMRA. They delve into how Universal API integration is revolutionizing the insurance industry by unifying disparate systems, enhancing connectivity, and driving operational efficiency. Read the full article to explore how Universal APIs are paving the way for the future of insurance technology: https://bit.ly/3WShjqt

Fear of messing up (FOMU) can paralyze decision-making, especially in large insurance organizations. However, the risk of stagnation is far greater. Modernizing your technology stack with cloud-native solutions can revolutionize operations and customer experiences. Early adopters gain a competitive edge, driving market share and operational efficiency. It’s time to lead the charge in innovation and leave legacy systems behind. Discover how to overcome FOMU and transform your business ➡️ https://bit.ly/4cDYe0s

Reimagine the future of life insurance at Insurtech Insights USA 2024, hosted at the Javits Center in New York City on June 5th and 6th! Don't miss the session, "Inclusion Revolution: Life Insurance for the Underinsured," where our expert panelists will present their approaches and innovative strategies to make life insurance more accessible for underinsured communities. This vital discussion will uncover transformative initiatives and solutions to close the coverage gap and provide comprehensive protection for a wider audience. Join our panelists at Blue Stage: - Erin McClintock, Director of Underwriting Innovation, Nationwide - Kimberly Poulopoulos, Head of Life & Health Growth Innovation, SVP, Swiss Re - Jennifer Jennings, VP, Business Initiatives, Market Growth, Reinsurance Group of America, Incorporated - Nelson Lee, CEO, iLife Technologies - Heather Majewski, FSA, Former SVP & Head of Life & Health Solutions Americas, Swiss Re (Moderator) Attend this essential panel to understand how to implement inclusive and innovative solutions in the life insurance sector. Curious about what else is happening over the two days? Explore the full agenda here: https://lnkd.in/eARRrRpA #ITI2024 #ITIUSA2024 #InsurtechInsights #Insurance #Insurtech #LifeInsurance #Innovation

Reimagine the future of life insurance at Insurtech Insights USA 2024, hosted at the Javits Center in New York City on June 5th and 6th! Don't miss the session, "Inclusion Revolution: Life Insurance for the Underinsured," where our expert panelists will present their approaches and innovative strategies to make life insurance more accessible for underinsured communities. This vital discussion will uncover transformative initiatives and solutions to close the coverage gap and provide comprehensive protection for a wider audience. Join our panelists at Blue Stage: - Erin McClintock, Director of Underwriting Innovation, Nationwide - Kimberly Poulopoulos, Head of Life & Health Growth Innovation, SVP, Swiss Re - Jennifer Jennings, VP, Business Initiatives, Market Growth, Reinsurance Group of America, Incorporated - Nelson Lee, CEO, iLife Technologies - Heather Majewski, FSA, Former SVP & Head of Life & Health Solutions Americas, Swiss Re (Moderator) Attend this essential panel to understand how to implement inclusive and innovative solutions in the life insurance sector. Curious about what else is happening over the two days? Explore the full agenda here: https://lnkd.in/eARRrRpA #ITI2024 #ITIUSA2024 #InsurtechInsights #Insurance #Insurtech #LifeInsurance #Innovation

The insurance industry has undergone massive transformations with each wave of insurtech evolution. While the first wave digitized paper processes and the second focused on direct-to-consumer models, the third wave represents a pivotal moment—should carriers renovate legacy systems or embrace modern cloud technology? The answer lies in a unified digital ecosystem. Connecting disparate systems, data, and touchpoints into one seamless digital ecosystem offers immense benefits: lower operational costs, faster product development, simplified customer journeys, and increased competitiveness. Uncover the complete evolution and impact of insurtech on the insurance industry ➡️ https://lnkd.in/g8DKjD7g

How do insurance carriers know when they're ready to implement AI? Dive into this pivotal question in a discussion between iLife Technologies' Founder & CEO, Nelson Lee, and David Castellani, a seasoned leader in insurance technology. David brings a wealth of experience from his leadership roles at New York Life and Prudential, now enhanced by his current position as a Partner at Brewer Lane Ventures. His insights into carrier tech leadership, cloud advancements, and practical AI adoption are invaluable for anyone looking to cut through the noise and genuinely leverage technology. Together, they explore the transformative potential of AI in streamlining carrier operations and the strategic considerations necessary for effective deployment. David also shares lessons learned from managing tech at Fortune 100 companies, offering dos and don'ts for CIOs and insights into the evolving traits of future tech leaders. 🎙️ Tune in to gain expert guidance on preparing for AI and navigating the exciting changes reshaping the insurance landscape: https://bit.ly/4alsETA