All Risks, Ltd. Selects IVANS to Expand Digital Distribution Strategy
Leading programs specialists leveraging IVANS Market Appetite to instantly communicate appetite to more than 30,000 independent agencies
Tampa, Fl. – Oct. 17, 2017 – IVANS, a division of Applied Systems, today announced that All Risks, Ltd. has selected IVANS to support its digital distribution strategy. Utilizing IVANS Market Appetite, All Risks, Ltd. can instantly communicate their latest appetite for its specific program business to the largest distribution network of connected agencies while maintaining the flexibility to promote new growth targets in real-time.
“As we evaluated opportunities to differentiate our business and expand into new markets, we required technology that would enable us to quickly and efficiently reach retail agencies,” said Chris McGovern, senior vice president of National Specialty Programs of All Risks, Ltd. “By connecting our programs to the broadest digital distribution network, IVANS enables us to reach a core audience that closely aligns with our initiatives and appetite.”
IVANS Market Appetite is an online search tool that enables insurers to communicate appetite directly to agents and MGAs searching for a market to submit their new and renewal commercial insurance business. Integrated into agents’ daily workflows, IVANS Market Appetite enables insurers consistently present current appetite to agents, reducing dependency on time-consuming, manual steps traditionally used to communicate appetite. The application also enables insurers to provide specific product coverage details and underwriter information to encourage direct and informed communication from agents. IVANS Market Appetite increases in-appetite submissions and drives better submissions in the pipeline, allowing insurers to focus on the most profitable lines of business and industries.
“Changing market dynamics and pace of business are requiring carriers to evaluate new ways to better distribute their products to drive profitable growth,” said Matt Foran, vice president and general manager for IVANS Markets. “By harnessing the broad agency reach of IVANS network to automate our product marketing, All Risks, Ltd. will be able to quickly reach the right agents for their program business to increase their submission mix and pipeline.”
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About IVANS Insurance
IVANS, a division of Applied Systems, is the insurance industry’s exchange connecting insurers, MGAs, agencies, and the insured. IVANS cloud-based software automates the distribution and servicing of insurance products. For more than 30 years, IVANS innovation and expertise has connected 30,000 independent insurance agencies and 380 MGA and insurer partners to enable millions of people to safeguard and protect what matters most in people’s lives.
About All Risks, Ltd.
All Risks, Ltd. is the largest independent insurance wholesaler serving retail insurance agents and brokers nationwide. This innovative team delivers comprehensive specialty commercial and personal lines solutions through a full-service platform of quality brokerage markets, quick in-house binding authority, exclusive national programs and easy-to-use online technology. Based in Hunt Valley, Maryland, the 53-year-old firm employs 900 staff members in 30 offices around the country. To learn more, please visit www.allrisks.com.