Applied Systems unveils new commercial lines quoting application
Applied Systems unveils new commercial lines quoting application | Insurance Business Canada
Technology
Applied Systems unveils new commercial lines quoting application
Solution aims to streamline processes for Canadian brokers
Technology
By
Mika Pangilinan
Applied Systems has announced the launch of its latest commercial lines quoting solution for Canadian brokers.
The new application is designed to streamline the commercial quoting process, allowing brokers to deliver exceptional service to their clients while saving valuable time.
With this solution, which is part of Applied Policy Works, brokers can follow a single workflow on a modern user interface to request quotes from multiple markets and efficiently review them. It also automates the commercial quoting experience and provides a consistent quoting experience for more than 200 business categories across Canada’s top commercial insurers.
Certified at the top Level III by CSIO, the application supports direct API rating and produces digital submissions that provide real-time multi-insurer quote responses. Additionally, brokers can make multiple market submissions digitally or by email for markets and insurers not yet offering real-time digital quoting.
Brokers who market small commercial lines can also direct their digital quote requests to a comprehensive and growing panel of insurers that includes Northbridge, Wawanesa, Economical, Travelers, L’Unique, Edge Mutual, Four Points Insurance, and Halwell Mutual.
In a Press release, Steve Whitelaw, senior vice president and general manager of Applied Systems Canada, said the solution aims to support brokers and insurers who are currently overwhelmed by the inefficient and time-consuming process of requesting quotes and communicating with multiple insurers for small business commercial line policies.
“Quite frankly, small business owners do not have the time to spend chasing multiple quotes or following up on the status of their inquiry,” said Whitelaw. “Applied has standardized personal lines quoting for years and has taken this expertise to innovate using industry data standards to create our next generation commercial solution. Activities which typically take hours or even days can now be completed in minutes, freeing up brokers to focus on their customers and other important elements of running their business.”
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