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Life BTM Ideas Portal
Created by Guest
Created on May 1, 2025

I know we have an issue reporting right now in fast. We have cases in our system we can consider “nigo”. It has to do with our new compliance rules with contracting, outstanding replacement information, and when holding for a signed illustration. I also know we do not know how many cases we have in house overall. If we do, there has to big some digging. I think we should set up a NIGO workflow. These cases will be in this workflow based of the requirement we add in fast. We might have to tweak the requirement a little bit, but that sounds like a good start. We talk about trying to improve sales and lower costs. Why not try to get cases who are placed in this workflow, be in the spotlight. Maybe we could find the average cost to have a policy in our system? It would be interesting to find out that dollar amount and see lower that number of cases that are costing us that empty amount. It would also help lower the average life span our polices that go through new business. Instead of 50 day( I think that is around correct) we can lower to 40ish days. It is just an idea, but I think it’s always productive to think outside the box.

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