’We are focused on providing our broker customers with the simple, modern experiences they demand,’ says chief executive
Applied Systems saw record growth across its commercial lines eTrading operations in the 12 months to March 2024.
In an update today (13 May 2024), the software house revealed that the number of brokers using its cloud-based Epic broker management system increased by just over 20% during the last year.
There was also a 48% increase in gross written premiums (GWP) traded on the platform.
Applied Systems also maintained its personal lines presence in the UK, which was supported by the leveraging of its application programming interfaces (APIs) that allow brokers to access its panel via its rating hub.
The software house also expanded into the MGA sector through Applied Riskhandler, a product for MGAs that uses low code software.
Tom Needs, chief executive of Applied Systems Europe, said: “Today’s brokers are facing new business challenges and a market where growth opportunities are in new segments of the business that require different ways of trading and doing business.
”We are focused on providing our broker customers with the simple, modern experiences they demand and the response by the market and our customers continues to show the thirst in the UK broker market for new innovation.”
Read: Applied Systems partners with three insurers as part of commercial lines push
Read: Ex-Applied Systems managing director joins IS2 as commercial director
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