Click me
Transcribed

How much paper does the insurance industry use for life insurance policy delivery?

Paper Needed For Insurance Policy Delivery 1,024,000,000 That's nearly 13,000 pieces of paper required each year to deliver life insurance policies pine trees The weight of over 1560 kder whales (12.5 million pounds) The Cost to Deliver these policies via paper Would cover the entire Is million annual IT staffing budget for the top 100 insurance Enough to pay for 390,000 250k term policies for 10 years carriers Enough to buy every man, woman and child living in Montana a new iPhone every year The Savings to deliver policies electronically. 20 Reduce costs by up to Cut more than 85% days off of delivery cycde times, on average Aver age of 18% Reduce Not-n-Good-Order Policy Deivery by O9% placement lift, over paper delivery

How much paper does the insurance industry use for life insurance policy delivery?

shared by traciehummel on Jan 13
49 views
1 shares
0 comments
Each year, the insurance industry goes through an enormous amount of paper, just to delivery policies. This infographic shows just how costly the current paper delivery process is and shows how electr...

Publisher


Category

Business
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size