SmartApp was created to support sales at the worksite and is currently used on payroll account business. In November, sales associates submitted 47 percent of their payroll sales via SmartApp and 15 states submitted more than half of their total business using the program. The associate inputs the application information into their laptop, then transmits the data to worldwide headquarters where it is printed into a policy and mailed to the policyholder within 24 hours. According to state regulations, all financial services forms must have the applicant's signature on the form in order to be legal. SmartApp , which got its name for being a smart new method to process applications, provides widespread benefits throughout the company.
Sales associates are able to save time and reduce error while inputting applications.
This reduces associate error to less than five percent, lessens the time spent on applications, and results in greater cost efficiency per application. Utilization of SmartApp by associates has increased dramatically since its introduction in 1993. The money and time we save thanks to SmartApp is only going to multiply as more and more business is submitted through the program. The company is also listed on the Pacific Stock Exchange and the Tokyo Stock Exchange. These independent rating services analyze the financial condition and operating performance of insurance companies.