FOR IMMEDIATE RELEASE

100 Millionth Licensing Transaction Processed Through NIPR Gateway
Technological Improvements Offer Greater Licensing Options

KANSAS CITY, Mo. (March 9, 2010) — The National Insurance Producer Registry (NIPR) recently processed its 100 millionth licensing transaction through its Gateway tool, the communication network that electronically links state insurance departments with the entities they regulate.

“Hitting this benchmark is a key milestone for NIPR and demonstrates that our products and services are vital to the daily operations of the insurance industry,” said NIPR Executive Director Maryellen Waggoner. “Given the clear demand for technological advancement from insurance carriers, producers and the states, we stand committed to expanding and improving our digital capabilities.” 

The Gateway facilitates compliance activities such as new licensing, license renewals, appointments/terminations and address changes between producers and state insurance regulators. The Gateway is designed to improve the effectiveness and efficiency of the state licensing process among all parties through automation, standardization and reciprocity.

The Attachments Warehouse, which works in tandem with the Gateway, is the most recent addition to NIPR’s product suite. Thousands of transactions, including Background Questions Supporting Documentation and Reporting of Actions were submitted to the state licensing departments in the past year through this tool.

To meet market needs, NIPR continues to upgrade their capabilities, including recently adding 96 significant initiatives such as business entity licensing and limited lines to their online licensing suite.

"Our vision of one-stop shopping is becoming more of a reality as we actively monitor trends and expand our digital offerings,” said Waggoner. “With real-time licensing information already available in 25 percent of NIPR’s jurisdictions, we are squarely focused on expanding these solutions to our network.”

This includes making technological improvements to streamline the transaction process for the states and the industry, enabling NIPR to quickly adapt to an ever-changing environment.