A.M. Fredericks to Expand Product Distribution Through Applied Rating Services
Leading managing general underwriting agency to expand distribution
Mississauga, ON – Oct 22, 2015 – Applied Systems today announced that A.M. Fredericks has expanded its distribution channel with Applied Rating Services, the industry-leading software suite that streamlines rating activities and allows brokerages to build a stronger client portfolio by streamlining insurance sales and underwriting processes. Through this partnership, A.M. Fredericks will distribute its Property products, including High Value Homeowner and Non-Standard products, including seasonal, rented seasonal, rented dwelling for the provinces of Quebec, Ontario and Alberta.
"As we continue to grow our business, we evaluated opportunities to further automate and expand our distribution channel strategy," said Selena Fredericks, managing director of A.M. Fredericks. "Applied Rating Services provides our company the largest broker distribution network, ensuring our products are being actively quoted and bound with more brokerages to build a more robust book of business and drive profitability."
Applied Rating Services is Canada’s comparative rating service for insurance brokerages and insurers, providing greater connectivity across the insurance value chain to streamline insurance sales and underwriting. With 30 years of experience in rating technology, Applied Systems offers the most comprehensive portfolio of rating services to deliver quick and accurate insurance pricing and rate comparisons for automobile and property insurance, enabling brokerages to service customers faster and further build their client portfolio.
"Brokers continue to leverage rating technology at an increasing rate, with more than nine million quotes processed last quarter," said Stephane Lacasse, vice president of Product Management for Canada and Rating Products, Applied Systems. "Applied Rating Services, enables A.M. Fredericks to broaden their distribution channel and provide brokers access to a more diverse portfolio of products, driving business growth through automation while also delivering their brokerage partners with a more connected client service experience."
Learn more about Applied Rating Services, the availability A.M. Frederick’s products, and upcoming educational webinars online here.
# # #
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. Recognized as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, Applied is the world’s largest provider of agency and brokerage management systems. Automating the insurance lifecycle for more than 12,000 agencies and brokerages and 450 insurers worldwide, Applied enables millions of people around the world to safeguard and protect what matters most.