Transforming Insurance Quotes with Applied Systems' New Tool
![Transforming Insurance Quotes with Applied Systems' New Tool](https://investorshangout.com/images/blog/ihnews-Transforming%20Insurance%20Quotes%20with%20Applied%20Systems%27%20New%20Tool.jpg)
Introducing Epic Quotes Commercial Lines
Applied Systems has unveiled its latest solution, Epic Quotes Commercial Lines, designed specifically for US agents seeking an innovative approach to commercial lines rating. This cutting-edge tool integrates the capabilities of Tarmika™, providing instant comparative ratings directly into the Applied Epic platform. With this integration, agencies can effortlessly pre-populate their existing customer and risk data, streamlining the quoting process to eliminate redundant data entry.
Enhancing Efficiency and Growth for Agencies
The Epic Quotes Commercial Lines solution empowers agents to efficiently quote multiple carriers through a single interface. This streamlined workflow alleviates the necessity for agents to navigate separate carrier portals, fostering not only efficiency but also promoting growth in premium income.
Experience from Industry Leaders
Kristin Baker, COO of Rollo Insurance Group, expressed enthusiasm about the benefits of Epic Quotes. "Our agency decided to pilot Epic Quotes Commercial Lines because we had a lot of success with Tarmika and were excited to see its capabilities embedded within Applied Epic. Being able to manage the entire quoting process in one platform has significantly boosted our team's efficiency," Baker stated.
Comprehensive Features to Maximize Quoting
This innovative tool transforms the quoting landscape with a multitude of features:
- Access to Nearly All Major Commercial Lines: Agents can easily quote for Business Owner’s Policy (BOP), Worker's Compensation, Cyber Insurance, and General Liability.
- Pre-Fill with Epic Policy Data: Begin quotes quickly by pre-filling account information from the Applied Epic system, removing repetitive data entry.
- Market Matching and Appetite Visibility: Gain insights into market recommendations based on carrier appetites for each risk, ensuring accurate coverage options.
- Multi-Line and Multi-Location Quoting: Quote multiple lines and locations in a single workflow, minimizing data re-entry and facilitating efficient processing.
- Mark Quote as Sold: Easily indicate which market was bound to the business and prepare for policy downloads within the system.
- Single View of Submissions: Maintain an overview of all historical and current quotes, with customizable views to help manage submissions better.
Driving Profitability in an Evolving Landscape
Anupam Gupta, Chief Product Officer at Applied Systems, commented on the challenges agencies face with high-volume, lower-premium policies. He emphasized that “Epic Quotes Commercial Lines now equips agents with Tarmika's power along with the connectivity of the Ivans Distribution Platform, all seamlessly integrated within Applied Epic. This development creates straightforward workflows that significantly reduce redundant data entry during both renewal remarketing and new business quoting processes.”
About Applied Systems
Applied Systems stands as a global leader in providing cloud-based software solutions tailored for the insurance industry. A true pioneer in automation and innovation within this sector, Applied Systems has emerged as the largest provider of agency and brokerage management systems, catering to customers in several countries including Canada and the UK. Their commitment to automating the insurance lifecycle empowers millions across the globe, facilitating the protection of what matters most to individuals and businesses alike.
Frequently Asked Questions
What is Epic Quotes Commercial Lines?
Epic Quotes Commercial Lines is an embedded rating solution that allows insurance agents to quote multiple carriers from within the Applied Epic platform seamlessly.
How does Epic Quotes improve efficiency for insurance agents?
This solution eliminates the need for redundant data entry by allowing agents to pre-fill customer information, thus streamlining the quoting process across multiple lines.
What types of policies can agents quote using this solution?
Agents can quote major commercial lines such as Business Owner’s Policy, Worker’s Compensation, Cyber Insurance, and General Liability.
How does market matching work in Epic Quotes?
The system provides recommendations based on carrier appetites, ensuring agents quote only with carriers that are likely to accept the risks presented.
Who can benefit from using Epic Quotes Commercial Lines?
This tool is designed for insurance agencies looking to enhance their quoting capabilities, increase efficiency, and drive business growth.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Inszone Insurance Services Expands Reach Through Strategic Acquisition
- Transforming Financial Planning: Asset-Map's New Alliance
- Discover DSD Business Systems' Powerful New Enhancements
- EDF Marks Milestone with Successful Green Hybrid Bond Issuance
- Campbell Soup's Ambitious Growth Goals and New Branding Strategy
- Protagonist Therapeutics Poised for Growth with New Treatments
- Transforming $100 into $3,000: The Shopify Investment Story
- Starboard Value Challenges News Corp's Dual-Class Structure
- Oracle Thrives in Q1 with Strategic AI Partnerships
- Woodforest National Bank Expands with New H-E-B Retail Branch
Recent Articles
- Applied Pay Revolutionizes Premium Financing for Insurers
- Rapid Growth Projected for Third-Party Logistics Sector Ahead
- Ski Gear Market Trends and Growth Insights for 2034
- Tube Packaging Market Growth Forecast by 2033: Key Insights
- Machine Condition Monitoring Market Forecast for Significant Growth
- Predictive Disease Analytics Market Growth and Future Outlook
- Morgan Stanley Predicts M&A and IPO Slowdown Continuing
- Boeing Faces Challenges as Airbus Unveils Future Plans
- The Bright Future of Precision Medicine: Trends and Insights
- Future of the Proteomics Market: Trends and Growth Insights
- Exploring the Future of Term Insurance Market Growth Trends
- Exploring the Growth of the LoRa and LoRaWAN IoT Market
- Innovative Growth in Recycled Glass Packaging Projected
- Unlocking the Potential of Predictive Maintenance Services
- Exploring the Surge: Cancer Biomarkers Market Growth Insights
- Clinical Trial Software Market Expected to Hit $2.3 Billion
- Global Nitric Acid Market Set for Significant Growth by 2034
- Revolutionizing Cannabis Financing: Community Savings Leads the Charge
- JPMorgan Chase Faces Challenges with Net Interest Income Projections
- CoinShares Enhances Employee Incentives with Options Exercise
- Groupe Partouche Reports Impressive Fiscal Year Turnover Growth
- RCI Banque Unveils Financial Report for Half-Year 2024
- Tri Pointe Homes Celebrates 2024 Workplace Excellence Awards
- Understanding Rexel's Share Structure and Voting Rights
- Global Bioenergies Achieves Leaner Financial Loss in 2024
- McPhy Energy's Shareholder Rights Update for August 2024
- Insights into Quadient S.A. Shareholding and Voting Rights
- Enovix Excites Investors with Upcoming Fireside Chat Event
- Iveco Group Reports Progress in Share Buyback Initiative
- LVMH Discloses Recent Share Transactions: Key Insights
- EPSO-G's Shareholder Meeting Delivers Key Audit Decisions
- Global Innovation Awards Finalists Announced by IIS and Lloyd’s
- U.S. Bank Revolutionizes Online Shopping with Paze Checkout Solution
- Exploring the Impact of PRSA-NY's New Podcast on PR Industry
- Baxter Marine Group Sells Vessel Vanguard to BHH Marine Team
- Plynk® Launches New Tool to Boost Investing Confidence
- Marvell Technology's Option Trends and Market Insights Explained
- Transforming Money Order Processing with AI Partnership
- Understanding Dell Technologies' Recent Options Activity Growth
- Boulevard Introduces Podcast Tailored for Self-Care Entrepreneurs
- Exploring Recent Trends in Options Trading for RCL Stock
- Virco Manufacturing Corporation Surprises with Q2 Earnings Report
- JPMorgan Expands Mid-Cap Investment Banking Team with New Leaders
- MetaverseME Unveils ME! GamerID for Next-Gen Gaming
- Palantir's S&P 500 Leap Marks New Chapter with Investor Growth
- Unlocking the Future: AI's Role in SEO Strategies Webinar
- Aromatic Compounds Market Expected to Reach USD 299 Million
- Viatris Unveils Tender Offer Pricing for Senior Notes
- Exploring the Future of Molded Fiber Packaging with Freedonia
- United Digestive Celebrates Prestigious Awards for Excellence