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Applied Systems
Competition Bureau investigating Applied Systems
November 21, 2023 by David GambrillCanada’s Competition Bureau has obtained a court order to advance a civil investigation into allegations of anti-competitive conduct by Applied Systems Inc. and its affiliates, including Applied Systems Canada Inc. Both the Competition Bureau and Applied Systems replied in separate…
Where auto and home insurance rates are headed
October 24, 2023 by Jason ContantHard market conditions in personal lines across Canada are not slowing down in 2023 Q3, according to data from tech vendor Applied Systems. Auto and homeowner premiums are rising year-over-year in all provinces. In 2023 Q3, personal auto premiums in…
By how much premiums increased in the first quarter
July 14, 2023 by Alyssa DiSabatinoWhile consumers might have noticed their insurance rates are still increasing, prices are flattening out compared to last year’s single- or double-digit increases, two new reports from Applied Systems showed. Commercial lines saw an overall rate increase of 7.39% in…
Paid Opportunities to Empower Your Team Through Change Management
November 7, 2022 Trevor Bunker, chief customer officer, Applied SystemsThe insurance landscape is in a state of rapid change. Brokers are experiencing a transformation that we can all agree is long overdue. Adopting new technology and optimizing operations can be painful and must be managed with strategy and proper…
Why brokerages need to step up their digital insights
October 18, 2022 by Alyssa DiSabatinoOnly 38% of insurance brokerages are using their management systems to produce data analytics solutions for their employees, clients and stakeholders, finds Applied System’s ‘Digital Agency Annual Report.’ That’s concerning, considering 99% of brokerages have a management system, which suggests…
Commercial rate increases starting to uptick in 2022
August 23, 2022 by Alyssa DiSabatinoCommercial lines premium renewal rate increases are slowing down compared to last year, but since the beginning of 2022, renewal rates are starting to uptick again, according to recent findings by Applied Systems. On average, rates across all commercial lines…
Canadian brokerages leading the charge on digital strategy adoption
February 4, 2022 by Alyssa DiSabatinoCanadian brokers have a leg up on their counterparts in the United States and the U.K. when it comes to digital transformation, a recent survey finds. Seventy-three percent of Canadian brokerages say they have a digital strategy in place, and…
Average personal auto premiums drop in Q3 2021; personal property up
October 21, 2021 Phil PoradoPersonal auto premium average dropped 2.7% in 2021’s third quarter compared with the same period a year ago but rose 9.4% when compared to second quarter 2021, according to the latest Applied Rating Index, which reports Canada-wide personal auto and…
What is needed as more P&C brokerages move into employee benefits
September 3, 2021 by Jason ContantWith more and more property and casualty insurance brokerages moving into the employee benefits (EB) space, there is a need to have an integrated technology solution, tech vendor Applied Systems said recently. “We know our P&C customers are moving further…
All major commercial lines seeing average premium renewal increases, report says
August 11, 2021 by Jason ContantCanada’s hard market in commercial P&C is showing no signs of letting up, with all major lines seeing average premium renewal rate increases in the second quarter of 2021. “Overall, the magnitude of rate increases across all segments included in…
Personal auto renewal rates continue downward trend, but homeowners’ rates up: Applied
July 30, 2021 by Jason ContantAverage personal auto premium renewal rates in Canada continued their downward trend in the second quarter of 2021, while personal property (homeowners) renewal rates remained up over the same period, according to Applied Systems’ latest premium rate index. In Q2…
How commercial premium renewal rates are trending in Canada
April 30, 2021 by Jason ContantCanadian commercial line renewal rates increased at a slower pace across all major lines in Q1 2021 compared to one year ago, according to the latest commercial premium rate index from tech vendor Applied Systems. Overall, the magnitude of rate…