iLife provides a Universal API layer that integrates various core systems for insurance carriers, enabling seamless data exchange and reducing the need for multiple redundant integrations. This technology accelerates product launches and lowers IT costs by allowing distributors to access standardized data through a single, reusable API infrastructure.
Funding
$21.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Insurance carriers often struggle with disparate core systems, leading to redundant integrations and hindering efficient data exchange between carriers and distributors. This complexity slows down product launches and increases IT costs due to the need for multiple, independent integrations.
Solution
iLife offers a Universal API layer that streamlines connectivity for insurance carriers by integrating various core systems into a single, reusable API orchestration layer. This approach eliminates the need for multiple redundant integrations, accelerating product launches and reducing IT costs. By providing a standardized data exchange mechanism, iLife enables distributors to access data seamlessly, regardless of the underlying systems. The platform empowers carriers to power any user interface or e-App with a single API layer, reusable across numerous channels.
Target Audience
iLife primarily targets life insurance carriers and wholesale distributors seeking to streamline data exchange, accelerate product launches, and reduce IT costs associated with complex system integrations.
Features
- Universal API layer for integrating disparate insurance carrier systems
- Reusable API infrastructure to reduce redundant integrations
- Centralized data access and standardization for improved insights
- One-click PDF/XML mapping for simplified data transformation
- Support for powering any distributor UI or e-App
- No distributor license fees, reducing operational costs