Applied Systems Expands Applied TAM Commercial Lines Panel with QBE
Panel addition further strengthens Applied Systems SME eTrading offering
Brighton, UK – 9 March 2016 – Applied Systems today announced the expansion of Applied TAM Commercial Lines panel to include QBE products. Through this agreement, all Applied TAM users will have access to QBE Tradesman, a flexible per capita insurance product suitable for tradespeople, contractors and professionals, via the iMarket system.
QBE Tradesman has been designed to cater to firms with a turnover of up to £2.5 million and 25 employees. For tradespeople needing a lower level of cover, Public and Products Liability limits of indemnity start from £1 million, with limits of £2 million, £5 million and £10 million also available. Quotes are available for more than 700 trades.
Dave Greaves, head of SME, QBE, said, "QBE is an expert in business insurance, and we have ambitious plans for the SME market. Widening our eTrade capabilities out to multiple distribution channels is an important part of our strategy, and we are very pleased that our partnership with Applied Systems will provide even more brokers with an easy avenue to trade with QBE. Tradesman is just the first of several products that we are planning to launch on Applied TAM, all of which are backed up by an empowered underwriting team."
Applied TAM, the most widely used brokerage management system in the world, allows brokers to automate daily operational processes, client policy information, and insurer connectivity, enabling users to be more productive and focus on the core business of selling insurance and servicing their insured. Through an automated and easy-to-navigate interface, Applied TAM provides deep visibility into day-to-day brokerage operations to reduce time spent on administrative tasks, decrease errors and omissions risk, provide a seamless employee onboarding and training experience, and better respond to client needs. Applied TAM automates the business operations for more independent insurance brokerages than any other brokerage management system.
"Broker adoption of SME eTrading continues to grow as businesses realise the benefits of reduced time spent on administrative tasks and increased opportunity to win new business in alternative ways," said Jeff Purdy, senior vice president of International Operations, Applied Systems. "The addition of QBE Tradesman to our Commercial Lines panel further extends the value of eTrading to our brokers to ensure they have access to the widest range of products and services for their clients while automating business operations."
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About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognised 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, serving customers throughout the United States, Canada and the United Kingdom. By automating the insurance lifecycle, Applied enables millions of people around the world to safeguard and protect what matters most.
QBE Insurance Group is one of the world’s leading international insurers and reinsurers, headquartered in Sydney, Australia. We operate in 37 countries with a presence in all key insurance markets. In Europe, QBE partners with businesses from sole traders to SMEs and large corporations to help them prepare for and mitigate against risk. In the UK SME arena QBE is widening out e-trade capabilities to give brokers more products across more platforms, tailored to meet the needs of individual SME clients. A cross class portfolio of insurance business, mainly up to £10,000 premium level, is managed from QBE’s SME e-trade centre in Stafford, with products spanning Property, Casualty and Motor. QBE actively works with brokers to find a solution for the cases that don’t quite fit the system and our empowered underwriters are always available to support on those more complex risks.