News Releases
- Reduces new business cycle time
- Features include: eSignature, practice applications and no-cost temporary death benefit
- Supports Face-to-Face Term and Critical Illness insurance applications
TORONTO, October 30, 2017 – BMO Insurance today announced the launch of SmartApp, an electronic application for advisors to prepare quotes and submit insurance applications online.
SmartApp is an intuitive, flexible and secure way for advisors to submit insurance applications directly to BMO Insurance. It helps advisors identify missing information and make changes using the built-in edits, giving them confidence that they’re submitting complete and accurate applications. SmartApp can help reduce new business cycle times and underwriting decisions can be made sooner, providing a better experience for both clients and advisors.
With SmartApp, advisors can:
- Electronically submit applications to BMO Insurance using any personal computer or tablet device
- Manage e-signatures both in-person and remotely through a secure email link
- Protect clients with a free Temporary Accidental Death Benefit of up to $1 million dollars while they are being underwritten
- Explore the features of SmartApp and get comfortable using a practice application
- Increase workflow efficiency through personalized dashboards
- Advisors not contracted by BMO Insurance can use SmartApp with a temporary ID and password
“The insurance industry is going through a digital transformation and companies are increasingly integrating technology into their business,” said Peter McCarthy, President and CEO, BMO Insurance. “With the introduction of SmartApp, BMO Insurance is taking that next step towards digitizing the life and critical illness application process in order to meet the evolving needs of advisors and clients.”
Currently, SmartApp supports Face-to-Face Term and Critical Illness Insurance applications. This initiative is the first step of BMO Insurance’s multi-year digital strategy to support the MGA distribution channel.
For more information, please visit: bmo.com/advisor/smartapp
BMO Insurance offers an extensive portfolio of innovative individual, annuity, segregated funds, as well as accident and health products plus a solid history of strength and unparalleled expertise in meeting client needs. For more information, please visit: bmo.com/insurance
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About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $709 billion as of July 31, 2017, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.