Independent insurance agents know their ability to offer policies from a variety of carriers is one of the greatest incentives for consumers to connect with them for their insurance needs. The downside, however, is the time it takes to track down insurers that will effectively cover your clients’ risks… A component of IVANS Insurance Solutions, Market Appetite is what Matt Foran, president of IVANS Marketplace at Applied Systems, calls “match.com for commercial insurance.”
It’s the nature of our industry that commercial insurance carrier appetites are constantly evolving. As business landscapes shift to accommodate emerging risks, insurers must continuously refine their specialties, products and services. It’s a necessary part of risk transfer; yet it can be confusing for a carrier’s distribution partners.
IVANS MarketAppetite online search tool benefits agencies and carriers alike. According to Hoyle, the compendium of the play and rules of card games, "winning at Go Fish takes luck, a decent memory, and a good sense of timing." And when you think about it, that pretty well describes what it takes to find a market for an unfamiliar commercial risk.
How many times have you heard a producer or CSA in your office ask, “What markets do we have that will write fitness gyms (insert any business)?” The more insurance companies you represent and the more MGAs you use, the harder it is to keep track of what market wants to write what.
The carriers, along with several vendors and industry groups, are supporting the 'Insurance Digital Revolution.'
IVANS Insurance Solutions announced this week the launch of its newest service: IVANS Market Appetite. Market Appetite is a search engine tool for property and casualty insurance agents and brokers to help them conveniently connect with carriers and MGAs.
Finding insurance carriers willing to write commercial lines risks has always been a challenge for producers. With its new service, IVANS Market Appetite, IVANS allows agents to see a list of U.S. insurance carriers ranked by market appetite at the moment of opportunity.
The commercial and life insurer aims to increase connectivity and automated data exchange with its agency partners.
Electronic document delivery (eDocs) is a game changer, notes Stu. 'Agents want seamless workflows from their carriers, carriers want to reduce expenses associated with the creation and delivery of paper policies, and increasingly, clients want online access to their insurance information. eDocs responds to all these wants," he says.
Technology provider IVANS Insurance Solutions announced Tuesday a new partner program designed to bring together third-party technology companies to collaborate and heighten communication and data transfer capabilities among carriers, managing general agents and independent insurance agencies.
M&A - EvoSure is now IVANS. The division of Applied Systems has acquired EvoSure, an Austin, Texas-based insurance technology firm to support its IVANS Market Appetite initiative; a search engine for P&C agents and brokers to quickly identify carriers’ appetite for commercial risks.
IVANS Insurance Solutions, a division of Applied Systems, announces the release of IVANS Market Appetite, a search engine for property and casualty insurance agents and brokers to identify carrier appetites for commercial lines risks to better serve insured clients.
GMC Software and IVANS are now part of Guidewire Connect.
IVANS Insurance Solutions announced that United Frontier Mutual Insurance Co. has adopted IVANS Download to increase connectivity and data exchange across the insurance lifecycle.
United Frontier Mutual Insurance Co. has selected IVANS Download, from IVANS Insurance Solutions, in an effort to increase connectivity and data exchange with agents, IVANS said. United Frontier now will offer agencies access to commercial business owners’ policy, direct bill commission statement, homeowners and dwelling fire download services.
Applied Systems acquired SEMCAT, a vendor of comparative rating technology in the U.S. Applied Systems will integrate the rating technology into its TAM or EPIC agency management systems for real-time exchange of policy ratings and improved operational workflows.
The insurance exchange idea is spreading beyond the health insurance exchanges set up under the Affordable Care Act (ACA). The exchange concept has surfaced recently for a variety of insurance and financial solutions, well beyond ACA-compliant health insurance.
Columbia Insurance Group expanded its commercial lines download from IVANS, a division of Applied Systems, to include commercial property, general liabilty, package and workers' compensation insurance.
Learning how to use all of the functionality provided takes time and effort. I’ve had the opportunity to visit many agencies and spend time watching how customer service agents do their work. I seldom meet people who don’t want to improve what they do and how they do it.
Most agencies no longer receive a physical "agent's copy" of a personal lines policy. Instead, they receive ACORD standard policy download to maintain current personal lines data in their management systems.
The efficiencies just keep rolling in ever since NBT-Mang Insurance, a Big "I" Best Practices agency, turned on download functionality.
Software provider Applied Systems Inc. has bought a Cincinnati-based technology company.
Focusing on connectivity and information exchange, the inaugural conference brings together carriers, agencies and software providers.
New task management tools improve automobile liability insurance reporting for carriers through a declined export and submission report.