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Applied Systems
Where premiums actually went down in Canada
July 17, 2018 by Jason ContantAverage premiums for personal auto in Atlantic Canada decreased for the second consecutive quarter, according to Applied Systems’ latest quarterly rating index. On the other side of the country, in British Columbia, average personal property premiums also decreased for the…
Are independent brokerages in Canada adopting digital technology?
June 13, 2018 by Jason ContantWhile independent brokerages in four countries (including Canada) are not fully embracing digital technology in 2018, Canadian brokerages are showing an increased adoption of cloud hosting, according to a new annual report from software vendor Applied Systems. Applied released Tuesday…
New index measures quarterly premium rate trends in Canadian personal lines
May 16, 2018 by Jason ContantApplied Systems has released its Applied Rating Index, measuring the quarterly premium rate trends being experienced by consumers, brokerages and insurers across the Canadian market. Stephane Lacasse, vice president of product management for Canada and rating products with Applied, told…
Online tool allows brokers to cache data in BMS
May 7, 2018 by Jason ContantApplied Systems’ new IVANS Exchange online tool for Canadian brokers will include a feature that allows caching and housing of data in a broker management system (BMS) for 90 days. This allows brokerages to keep the data, even if their…
Strength of Canadian broker channel may lead to agnostic tech solutions
May 3, 2018 by Jason ContantWith an estimated 45% of personal insurance written through the broker channel in Canada, tech vendors understand the importance of the channel. “Our only business is broker,” Jeff Purdy, senior vice president of international operations with Applied Systems, told reporters…
Industry close to consensus on insurer-broker connectivity
May 2, 2018 by Jason ContantThe insurance industry in Canada is getting close to consensus on connectivity between insurance brokers and carriers, an Applied Systems executive said Tuesday at the company’s Executive Symposium in downtown Toronto. “I truly believe that we are fairly close to…
New data translator to put brokers on same level as directs
April 9, 2018 by Jason ContantApplied Systems’ new “translation services” will provide broker data distribution as effectively as direct distribution and enable the broker channel to better compete, the software provider said Friday. Jeff Purdy, senior vice president of international operations with Applied, talked to…
Applied launches “translation services” to improve broker-insurer connectivity
April 4, 2018 by Jason ContantApplied Systems announced Wednesday the launch of its insurer “translation services,” allowing Canadian insurers to translate and distribute policy-related data directly into [broker] management systems. The translation services provide the connectivity technology required to easily move data between insurer and…
Some broker BMS providers offering connectivity to CSIO’s eSlips solution
March 27, 2018 by Jason ContantIn a sign of cooperation within Canada’s competitive P&C industry, some broker management system (BMS) providers are using APIs supplied by the Centre for Study of Insurance Operations (CSIO) to make eDelivery available to Canadian brokers using a variety of…
Applied Systems partners with CSIO on electronic policy documents solution
March 26, 2018 by Jason ContantBroker management system (BMS) provider Applied Systems announced Monday that it has expanded its partnership with the Centre for Study of Insurance Operations (CSIO) to integrate CSIO’s My Proof of Insurance eDelivery solution with Applied Epic and Applied TAM in…
Your first step towards a digital brokerage lies in your BMS
January 19, 2018 by David GambrillHow many brokers would be willing to change how their data is organized and housed if it meant a revenue increase of 144% per employee? The goal is actually within your reach, says Michael Howe, senior vice president of product…
Collaboration leads to milestone achievement to define data exchange standards between companies, brokers
August 23, 2017 by Canadian UnderwriterThe long-standing objective of standardized real-time data exchange between insurance brokers and companies has taken a big step forward with Tuesday’s announcement that initial testing of the process has been successfully completed. A team of players in Canada’s p&c insurance…