June 12, 2012 by Canadian Underwriter
Insurance software company Applied Systems has announced it will release Epic 7, the upcoming version of the insurance industry’s agency and brokerage management system, in 2013 Q1.
“The release of Epic 7 marks the first time the Epic system will enter the Canadian market,” the company says in a press release. “Applied Systems reports that in less than three years in the U.S. market, Epic has been selected by more than 500 agencies and over 17,000 users.”
Applied says Epic’s Microsoft.NET architecture “provides the industry’s only single-system platform, scalable enough to meet a wide variety of needs from mid-sized agencies and brokerages up to the largest enterprise-level organizations.”
Epic 7 will provide enhanced capabilities for the Canadian market, particularly for Ontario and Alberta. The system will provide support for international addressing, Canada-unique accounting capabilities and language features that provide for document distribution in an insured’s native language.
The upcoming release will support Canada’s Centre for Studies in Insurance Operations (CSIO) interface and electronic documents. It is designed to integrate seamlessly with Compu-Quote’s comparative insurance rating solutions.
Applied Systems acquired Compu-Quote in late May, creating Canada’s largest insurance software organization.