Applied Systems Launches QBE Property Owners via Applied TAM Commercial Lines Panel
May 20, 2016
Panel addition further increases value of SME eTrading for Applied TAM brokers
Brighton, UK – May 20, 2016 – Applied Systems today announced the expansion of Applied TAM Commercial Lines panel to include a second product from business insurance specialist QBE. Applied TAM users will now have access to QBE Commercial Property Owners, a flexible insurance product for a wide range of commercial properties, including office and retail, wholesale and distribution and manufacturing and assembly, via the iMarket system.
The QBE product offers features such as flexible commission, Property Owners liability limits from £1 million to £10 million, and All Risks cover, including subsidence as standard. The availability of QBE Commercial Property Owners builds on the launch of QBE’s Tradesman product on Applied TAM Commercial Lines panel in March.
Dave Greaves, head of SME, QBE, said, “We continue to widen our reach in the SME arena, providing brokers greater flexibility and choice about how they trade with QBE, through more eTrade products across more distribution channels. We look forward to continuing to expand our eTrading products with Applied Systems, building on our long-term partnership.”
Applied TAM, the most-widely used cloud-based brokerage management system, allows businesses to automate daily operational processes, client policy information, and insurer connectivity, and is the only management system in the UK to support mobile and customer self-service capabilities. Through an automated and easy-to-navigate interface, Applied TAM provides deep visibility into day-to-day broker operations to reduce time spent on administrative tasks, decrease errors and omission risk, provide a seamless employee onboarding and training experience, and better respond to customer needs. Applied TAM automates the business operations for more independent insurance businesses than any other broker management system, enabling more users to focus on the core business of selling insurance and servicing their customers.
“Broker demand for eTrading continues to grow, with more than 80 percent year-over-year growth of Applied brokers adopting eTrading for SME Commercial Lines business,” said Jeff Purdy, senior vice president of International Operations, Applied Systems. “The addition of QBE Property Owners to our Commercial Lines panel further demonstrates the investment and value insurers recognize in automating the exchange of information with brokers to drive business growth through real-time provide access to products and services.”
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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 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 corporates 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 center 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.
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