September 25, 2017
IVANS, a division of Applied Systems, today announced new products and services enhancements across its product portfolio at IVANS Connect 2017, the insurance industry event dedicated to advancing connectivity between carriers, agencies, MGAs and their insureds.
As the insurance industry’s exchange, IVANS connects insurers and MGAs to the largest digital distribution network of more than 30,000 independent insurance agencies. The IVANS network of connected agencies enables insurers and MGAs to directly market, distribute, and service insurance products via the independent agency channel.
Distribution and marketing product enhancements
IVANS Markets provides insurers an industry-first application to instantly communicate appetite and identify new business opportunities with agencies. The application provides insurers insight into an agent’s book of business – at the city, state, and line of business – to build new agency and business opportunities. IVANS Markets provides insurers a new channel to market product details and communicate risk appetite directly, increasing visibility directly to more than 30,000 agencies. Key enhancements include:
- Data-driven view of marketing success: delivers a view into the success of your marketing efforts through data analytics dashboards, measuring search views and profile clicks, as well as review how your appetite details appear and rank to agents.
- Premium renewal rate trends: provides market insights on the most profitable lines of business and competitive rates.
- Expanded lines of business: The search engine continues to add additional lines of business, enabling insurers to increase appetite visibility for more products to increase more desired in-appetite business.
Growing at a rate of more than 50% year-to-date, IVANS Rating Services enables insurers to provide instant rates for Personal Lines within comparative raters and integrated quoting within management systems. Connecting directly to IVANS’ digital network of more than 30,000 agencies, this cloud-based data exchange solution ensures products are represented to the largest network of independent agencies available, while reducing time spent managing one-off agent quote and vendor integration requests. Key benefits of IVANS Real-Time Rating include:
- Quote distribution through a single exchange:…