IVANS and Safeco Insurance to Automate Book Transfer for Agencies
Safeco Insurance is the first carrier to deploy IVANS Bookroll to identify new business and growth opportunities
Tampa, Fl. – Sept. 21, 2016 – IVANS, a division of Applied Systems, today announced that Safeco Insurance has selected IVANS to drive new business via IVANS Bookroll, a service enabling carriers to electronically extract the data needed to support book transfers directly from the management system of their insurance agency partners. IVANS Bookroll enables carriers to quickly identify growth opportunities and expand agency partnerships by efficiently evaluating agencies’ books of business.
“We continually look for new ways to make the book transfer process easier, faster and more accurate,” said John Mileski, senior vice president of agency field operations for Safeco Insurance. “This is a huge win for our agency partners because it saves them a substantial amount of time and effort when they choose to participate in a transfer. There is no cost for an agency to use IVANS Bookroll. It’s also a win for Safeco, because it improves the accuracy of the data we receive."
IVANS Bookroll is a data extraction service that enables carriers to receive and evaluate Applied Epic and Applied TAM agencies’ data. Leveraging IVANS innovation and service expertise, IVANS Bookroll eliminates the time and cost expense of individually visiting each agency to manually review paperwork and policy files, as well as reduces errors resulting from duplicative data entry into multiple systems. The automated process enables carriers to quickly identify growth opportunities and expand agency partnerships by efficiently evaluating agencies’ books of business.
“As carriers evaluate opportunities to diversify their book of business and expand current agency relationships, IVANS Bookroll enables them to quickly acquire and evaluate new segments of business in a single automated process from an agency,” said Thad Bauer, vice president and general manager, IVANS. “With IVANS, Safeco can now more quickly grow profitable business with their agency partners, enter new markets, and increase ease of doing business.”
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About IVANS Insurance
IVANS, a division of Applied Systems, is the property and casualty insurance industry’s exchange connecting carriers, MGAs, and agencies. The IVANS open platform securely automates the exchange of policy, quote and market-related information and connection opportunities. More property and casualty insurance companies rely on IVANS innovation and expertise than any other company to automate the insurance lifecycle and enable millions of people to safeguard and protect what matters most.
About Safeco Insurance
In business since 1923 and based in Boston, Mass., Safeco Insurance sells personal automobile, homeowners and specialty products through a network of more than 10,000 independent insurance agencies throughout the United States. Safeco is a Liberty Mutual Insurance company.
Boston-based Liberty Mutual Insurance is a diversified insurer and the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners. Liberty Mutual is ranked 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue.
For more information about Safeco Insurance, go to www.Safeco.com.