AUSTIN,
Texas, Nov. 7, 2024 /PRNewswire/ -- PerfectQuote,
Inc., a leading group health digital quoting platform, announced
its collaboration with Principal Financial Group®, to
provide PerfectQuote customers with direct, underwritten proposals
for dental, vision, life, disability and voluntary benefits
delivered through its Request-for-Proposal ("RFP") toolset.
With a critical mass of firms and general agencies leveraging
the PerfectQuote platform (including 14 of the top 20 largest U.S.-
based firms) servicing almost 80,000 employers through the
platform, insurance carriers are leveraging a frictionless digital
distribution experience to deliver underwritten and bindable
quotes; allowing PerfectQuote to continue its mission to enable
distribution at scale to thousands of brokers nationwide along with
reporting insights to help carrier sales and underwriting teams
optimize their operations.
"At Principal, we're committed to offering innovative solutions
that bring value to our distribution partners and customers," said
Kara Hoogensen, senior vice
president for benefits and protection at Principal®. "By
working with the PerfectQuote RFP toolset, our distribution
partners are able to streamline their processes and serve customers
efficiently and accurately."
Since the 2018 launch of the platform, PerfectQuote successfully
provided brokers the ability to streamline their quoting processes
for employer group clients of all sizes by eliminating and
automating many manual error-prone tasks, reducing close times by
as much as 95%.
"We believe PerfectQuote is the leading solution provider in its
category, continuously resetting the standards by which other
solutions try to meet. From robust and powerful application tools
to leveraging our excellent customer service, PerfectQuote allows
for our customers and partners to set themselves apart in their
respective market segments," said Aaron
Snyder, President and co-founder of PerfectQuote. "We are
excited to work with Principal, one of the most popular and tech
forward insurance carriers in the country; this relationship will
be key to digitally transforming an industry that has been slower
to modernizing the distribution of group health insurance."
About Principal Financial Group®
Principal Financial Group® (Nasdaq: PFG) is a global
financial company with 20,000 employees1 passionate
about improving the wealth and well-being of people and businesses.
In business for 145 years, we're helping more than 68 million
customers1 plan, protect, invest, and retire, while
working to support the communities where we do business, and build
a diverse, inclusive workforce. Principal® is proud
to be recognized as one of the 2024 World's Most Ethical
Companies2, a member of the Bloomberg Gender Equality
Index, and named as a "Best Places to Work in Money
Management3." Learn more about Principal and our
commitment to sustainability, inclusion, and purpose at
principal.com.
1 As of September
30, 2024
2 Ethisphere, 2024
3 Pensions & Investments, 2023
Insurance products issued by Principal National Life Insurance
Co (except in NY) and Principal Life Insurance Co. Plan
administrative services offered by Principal Life. Principal Funds,
Inc. is distributed by Principal Funds Distributor, Inc. Securities
offered through Principal Securities, Inc., member SIPC and/or
independent broker/-dealers. Referenced companies are members of
the Principal Financial Group®, Des Moines, IA 50392.
About PerfectQuote®
PerfectQuote is an Austin,
Texas-based company founded in 2017 by brokers for brokers,
focusing on delivering operational excellence and client
satisfaction through technology in the commercial group health
insurance industry. The company provides brokers with a
category-leading cloud-based group benefits quoting software
platform (PerfectQuote) that streamlines commercial health
insurance selling to large, medium, and small group employers. The
application is used by several of the top 10, 50 and 100 largest
US-based agencies that service over 80,000 employer groups through
the platform.
Media Contact: Aaron Snyder,
aaron@perfectquote.io
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SOURCE PerfectQuote, Inc.
