Applied Announces 142 Percent Year-Over-Year Growth of Digital Agency and Brokerage Software
Rapid growth driven by demand to increase connectivity across the insurance lifecycle
University Park, IL – Jan. 23, 2018 – Applied Systems today announced that the global agency and brokerage user base of its Digital Agency and Brokerage software has increased by 142 percent year over year as the insurance industry undergoes digital transformation. Digital Agency and Brokerage technology enables agencies and brokerages to create higher-value business transactions and deliver superior customer experiences throughout the entire insurance lifecycle. By leveraging integrated software applications that enable agents and brokers to manage their entire business, digital agencies and brokers operate more efficiently, better leverage insurer relationships, improve customer service and accelerate growth and profitability across all lines of business.
Digital agency/brokerage technology innovation consists of:
- A foundational agency/brokerage management system: A single system to efficiently manage customer relationships, policy and benefits administration, sales automation, financial accounting processes and document management across the entire business in one application.
- Insurer connectivity: Secure and seamless communication and data exchange between insurer systems directly to management systems to increase access to markets, automate servicing and reduce manual processes.
- Cloud technology: Core software applications are housed in offsite data centres for enhanced data security, scalability and performance, and business continuity.
- Mobile technology: Anytime access for staff and insureds to insurance information with information readily available via their smartphones or tablets.
“In the digital transformation of insurance, the agencies and brokerages that focus on improving operational efficiency and providing omnichannel customer service through software will enhance their competitive value proposition,” said Michael Howe, senior vice president of Product Management, Applied Systems. “Leveraging the full range of Applied’s digital agency and brokerage software enables agencies and brokerages to automate business operations so they can focus more time on selling and being trusted advisors to their customers.”
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About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.