IVANS Launches IVANS Market Appetite to all P&C Independent Insurance Agencies
Innovative solution to expand agent-MGA-carrier exchange to increase agencies’ access to markets and business growth
Tampa, Fl. – April 19, 2016 – IVANS Insurance Solutions, a division of Applied Systems, today announced the industry-wide availability of IVANS Market Appetite, an innovative search engine for property and casualty insurance agents and brokers to quickly identify markets for commercial lines risks, to all agencies that register for IVANS Exchange. Building on its initial release as part of Applied Epic 2016, IVANS Market Appetite is now available as an online tool to all agencies, providing a simple, automated solution to connect with carriers and MGAs for improved operations and market opportunities. IVANS Market Appetite is available to registered IVANS Exchange agencies.
IVANS Market Appetite is integrated into an agent's daily workflow that enables carriers to directly communicate their appetite to agents searching for a market to submit their new and renewal business. Similar to a Google search, IVANS Market Appetite immediately presents the agent with a list of carriers, MGAs, and wholesalers with appetite for the specific risk, reducing dependency on time-consuming, manual steps traditionally used to find markets and enabling agents to present the best options for coverage. IVANS Market Appetite directs more in-appetite submissions from agents into carriers and MGAs’ pipeline, enabling markets to write more desired business. By providing a simple, automated solution to connect agents, carriers, and MGAs for new business opportunities, IVANS Market Appetite furthers IVANS commitment to drive greater automation and business value for carriers and agents in the independent agent channel.
IVANS Market Appetite enables agents to:
- Drive new business growth through access to new markets: agents can view market appetite beyond current carrier and MGA partners, enabling an agency to find the best markets for their new and renewal business.
- Retain more clients with increased appetite awareness: agencies gain confidence in identifying the right markets for each renewal to ensure clients have the best coverage for their risk while retaining that business.
- Increase productivity with appetite search capabilities: agents can identify the best market for their risk in seconds and eliminate time-spent on traditional methods of identifying market appetite, enabling agents to concentrate time on areas of their business that generate the most revenue.
“As the industry’s exchange, IVANS connects more than 400 carriers and 28,000 agencies, resulting in more than thousands of interactions and data exchanged daily,” said Matt Foran, vice president and general manager for IVANS Market Appetite. “With the industry-wide launch of IVANS Market Appetite, IVANS will further connect agents and markets across the entire P&C insurance industry with the right opportunities at the right time to drive the best business mix and coverage for the end consumer.”
# # #
About IVANS Insurance
IVANS, a division of Applied Systems, is the property and casualty insurance industry’s exchange connecting carriers, MGAs, and agencies. 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.