PerfectQuote Partners with Principal Financial Group to Enhance Benefits Offerings
AUSTIN, Texas, Nov. 7, 2024 /PRNewswire/ —
PerfectQuote, Inc., a leading group health digital quoting platform, has recently announced a strategic collaboration with Principal Financial Group to offer direct, underwritten proposals for a range of benefits including dental, vision, life, disability, and voluntary benefits. This partnership will enable PerfectQuote customers to access underwritten proposals through its Request-for-Proposal (“RFP”) toolset, providing a seamless and efficient experience for brokers and employers alike.
With a large number of firms and general agencies utilizing the PerfectQuote platform, including many of the top firms in the U.S., this collaboration will benefit almost 80,000 employers who rely on the platform for their benefits needs. By leveraging a digital distribution experience, insurance carriers will be able to deliver underwritten and bindable quotes quickly and efficiently, furthering PerfectQuote’s mission to enable distribution at scale to thousands of brokers nationwide.
Impact on Individuals
For individuals, this partnership means access to a wider range of benefits options with direct, underwritten proposals. This will make it easier for individuals to understand their options and make informed decisions about their benefits coverage. Additionally, the seamless digital distribution experience will save time and streamline the process of obtaining quotes and selecting the right benefits package.
Impact on the World
On a larger scale, the collaboration between PerfectQuote and Principal Financial Group signifies a shift towards more efficient and technology-driven solutions in the insurance industry. By optimizing operations and enhancing the benefits quoting process, this partnership sets a precedent for how digital platforms can revolutionize the way benefits are offered and managed on a global scale.
Conclusion
The partnership between PerfectQuote and Principal Financial Group represents a significant step forward in the benefits industry, providing a seamless and efficient solution for brokers, employers, and individuals alike. By leveraging digital technology and underwritten proposals, this collaboration is poised to transform the way benefits offerings are delivered and managed, setting a new standard for the future of the industry.
