InsurTech

Growth drivers in the MGA space included the strong rebound in the U.S. economy following the coronavirus pandemic and a continued broad-based rise in premium rates.

The virtual conference will provide attendees with valuable training on ACORD standards and architecture, professional development opportunities, and insights on industry trends and issues.

The acquisition of Tarmika, a commercial lines rating solution for small business insurance, expands Applied’s commercial quoting and Ivans’ distribution connectivity solutions.

Earlier this week, Ivans, a division of Applied Systems®, announced that Nationwide has joined the Ivans Distribution Platform. Additionally, Vertafore® announced its acquisition of MGA Systems.

Of the myriad issues and actions needed to address cyber risks and implement a solid cybersecurity program, MFA is quickly gaining focus as a requirement.

Scheduled to launch in the summer, Applied Pay is set to help agents reduce the amount of technology they use in their agencies.

As many as 55% of consumers would be interested in buying a hypothetical insurance product from Amazon over traditional insurance carriers, according to a report by Breeze.

With consumer expectations and data collection methods shifting, first-party data and artificial intelligence (AI) will be key themes in 2022.

Independent agents want more digital connectivity with their insurer partners and insurers are responding, acknowledging the time savings and ease of doing business.

The combination of Vertafore’s agency management systems with AgencyZoom’s sales automation solutions delivers on a vision for a connected agency.