Applied Systems Acquires Semcat
Frequently Asked Questions
1. What are the details of the acquisition of SEMCAT by Applied Systems?
Applied Systems has acquired SEMCAT Corporation, a leading provider of comparative rating technology in the U.S. This transaction brings together Applied Systems, the leading global provider of agency management systems, with SEMCAT, a leading comparative rating technology provider in the U.S. This acquisition enables Applied Systems to offer its more than 12,000 agency customers a fully integrated and comprehensive Applied Systems comparative rating solution. The acquisition supports Applied’s continued commitment to delivering an integrated product vision that enhances the efficiency of the insurance lifecycle and provides a connected experience to our customers and partners.
2. Who is SEMCAT? What is the nature of their business?
SEMCAT is a leading provider of comparative rating technology in the U.S. with more than 2,400 agency customers and 10,000 users of its rating solutions across 44 states. SEMCAT provides 100 percent accurate rates for more than 500 insurance carriers in the U.S., making it the broadest carrier-rating provider in the country. Applied and SEMCAT share a commitment to customer success and delivering innovative technology solutions to the independent agency channel. SEMCAT has 40 employees with its headquarters in Lincoln, NE.
3. How will the companies operate together?
SEMCAT will become part of Applied Systems’ existing organizational structure to capitalize on growth opportunities of the combined company. The SEMCAT office in Lincoln, NE will become Applied’s U.S. rating Center of Excellence. SEMCAT’s product management and development functions will be immediately integrated into Applied’s core business to drive tighter integration between SEMCAT’s comparative rating products and Applied’s agency management systems. In addition, SEMCAT’s sales, services and support operations will be integrated over time into Applied’s organizational structure.
4. What does this mean for Applied Systems’ customers and partners?
The combination of Applied Systems and SEMCAT will provide meaningful benefits to both companies’ customers, partners and other stakeholders across the insurance industry landscape. Applied is committed to investing behind the combined teams and product portfolios to drive continued technical innovation and deliver the highest level of service to our combined customers, partners and the industry as a whole. Independent insurance agencies will benefit from the increased investment in SEMCAT’s rating technology and the significantly greater support and services resources of Applied. We plan to tightly integrate SEMCAT’s rating technology into our management systems to deliver greater value and workflow efficiencies for our customers. In addition, Applied customers and all independent agencies will benefit from the expanding number of real-time XML integrations with insurance carriers Applied can drive across the industry.
5. How will this benefit the insurance industry?
The combination of Applied Systems and SEMCAT will advance carrier-agency connectivity and efficient information exchange across the industry by increasing the number of carrier real-time XML integrations. By acquiring SEMCAT, Applied remains committed to its mission to enhance the efficiency of the insurance lifecycle and carrier-agency connectivity for the benefit of the P&C insurance industry.