| 02-23-2011 08:45 AM CET - Business, Economy, Finances, Banking & Insurance |
|
Insurance carriers answer call for real-time, round-trip rating
Press release from: Applied Systems, Inc.
University Park, Illinois – Innovative insurance companies are reaping the benefits of providing something agents want: A streamlined policy rating process that gathers multiple real-time quotes from a single standard data entry.
A white paper published this week describes real-time, round-trip rating as the “new paradigm” for policy rating. Quoting carriers and agents, the paper highlights the advantages of the new process and summarizes the limitations that all agents and brokers faced before some carriers began re-thinking the process from their agents’ perspective.
The paper cites EMC Insurance Companies of Des Moines, Iowa, with a success rate above 90 percent for its new rating process that provides a quote in five to ten seconds.
“Developing our real-time, round-trip rating system was a complex task,” EMC Business Technology Analyst Teresa Addy says in the white paper. “But when agents see the difference between our system and their bridging systems, they want to start using real-time round trip as soon as they can.”
“Real-Time Rating: The most powerful change carriers are making to help agents market, quote and write new business,” was published this week by insurance technology company Applied Systems, Inc. In conjunction with developing insurance agency management software, Applied Systems is an innovator in developing and promoting state-of-the art agency-carrier communication technologies based on insurance industry standards set forth by ACORD (Association for Cooperative Operations Research and Development) and CSIO (Centre for Studies in Insurance Operations).
The white paper, published by insurance technology company Applied Systems, is available at www.appliedsystems.com/PDF/Round-Triprating.pdf.
Applied Systems Inc. develops, sells and supports insurance agency and broker management systems and provides services for accounting, customer, policy, claims management, and all related agent and broker functions. More than 130,000 users in 11,000 agencies of every size and complexity level use Applied Systems solutions built around core systems TAM, Epic, Vision and DORIS. In addition, the company leads the industry in agency-carrier real-time and batch communication solutions.
Applied Systems, Inc.
200 Applied Parkway
University Park, IL 60484
800-999-5368
www.appliedsystems.com
This release was published on openPR.
A white paper published this week describes real-time, round-trip rating as the “new paradigm” for policy rating. Quoting carriers and agents, the paper highlights the advantages of the new process and summarizes the limitations that all agents and brokers faced before some carriers began re-thinking the process from their agents’ perspective.
The paper cites EMC Insurance Companies of Des Moines, Iowa, with a success rate above 90 percent for its new rating process that provides a quote in five to ten seconds.
“Developing our real-time, round-trip rating system was a complex task,” EMC Business Technology Analyst Teresa Addy says in the white paper. “But when agents see the difference between our system and their bridging systems, they want to start using real-time round trip as soon as they can.”
“Real-Time Rating: The most powerful change carriers are making to help agents market, quote and write new business,” was published this week by insurance technology company Applied Systems, Inc. In conjunction with developing insurance agency management software, Applied Systems is an innovator in developing and promoting state-of-the art agency-carrier communication technologies based on insurance industry standards set forth by ACORD (Association for Cooperative Operations Research and Development) and CSIO (Centre for Studies in Insurance Operations).
The white paper, published by insurance technology company Applied Systems, is available at www.appliedsystems.com/PDF/Round-Triprating.pdf.
Applied Systems Inc. develops, sells and supports insurance agency and broker management systems and provides services for accounting, customer, policy, claims management, and all related agent and broker functions. More than 130,000 users in 11,000 agencies of every size and complexity level use Applied Systems solutions built around core systems TAM, Epic, Vision and DORIS. In addition, the company leads the industry in agency-carrier real-time and batch communication solutions.
Applied Systems, Inc.
200 Applied Parkway
University Park, IL 60484
800-999-5368
www.appliedsystems.com
This release was published on openPR.
News-ID: 163618
|
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR.
openPR disclaims liability for any content contained in this release.
Please set a link in the press area of your homepage to this press release on openPR.
openPR disclaims liability for any content contained in this release.
© openPR 2012 | Imprint
More Releases from
Applied Systems, Inc.
Comments about openPR
OpenPR is clearly structured and remains true to its principle of confining itself to the essential parts.
OpenPR has proven to be a very good and reliable partner to our media agency:
Within the shortest time the releases are online and go down well with the media representatives.
The success of OpenPR is reflected in the steadily increasing number of press releases.
It is good that OpenPR exists!
Ursula Koslik,Director Marketing & PR, F+W Hamburg
OpenPR has proven to be a very good and reliable partner to our media agency:
Within the shortest time the releases are online and go down well with the media representatives.
The success of OpenPR is reflected in the steadily increasing number of press releases.
It is good that OpenPR exists!
Ursula Koslik,Director Marketing & PR, F+W Hamburg