Applied Systems to widen commercial lines insurance panel

CEO talks about "exciting times"

Applied Systems to widen commercial lines insurance panel


By Terry Gangcuangco

Applied Systems Europe is set to add three more providers to its commercial lines insurance panel in the UK.

In an emailed release, Applied said its cloud-based broker management system for UK brokers will include Arch Insurance, Ark Insurance, and iprism Underwriting later this year. Currently brokers are able to quote and bind directly with Allianz, AXA, NIG, QBE, and RSA using the platform.

“These are exciting times at Applied Systems as we press ahead with our plans to provide brokers looking to trade online with commercial insurers a real, modern technology-driven alternative,” said Applied Systems Europe chief executive Tom Needs.

“Our cloud-based broker management system, Epic, not only offers brokers access to the wider commercial and personal lines market but enables them to expand and digitise their businesses through enhanced functionality and the ability to plug into a host of modern applications through our API-friendly (application programming interface) system.” 

According to Applied, the panel’s continued expansion is part of the company’s strategy to become a significant player in the provision of commercial lines electronic trading access for brokers this year. Applied highlighted that the move builds on its position in the personal lines market.

What do you think of this commercial lines story? Share your thoughts in the comments below.

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