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Applied Systems has announced Applied Book Builder™, a new solution embedded in Applied Epic® that helps insurance producers and account managers target new commercial prospects and optimize cross-sell and upsell opportunities. Launching in the first half of 2025, the tool will use AI to enhance risk profiles and identify coverage gaps, providing actionable insights for better market placement. Key features include automated risk enrichment, AI-driven account recommendations, lead list automation, and carrier placement insights, aimed at accelerating business growth and profitability for agencies.
Applied Systems® today announced the latest enhancements of Applied Pay®, the industry’s only AMS-native payments solution, that continue automating the end-to-end payments journey. New innovations, including premium payment receipt reconciliation, one-click payment routing, and the insured checkout experience, further automate workflows for collecting and reconciling digital payments, enabling an agency to reduce time and effort by up to 70%. Continued streamlining of the premium payment lifecycle has led to more than 900 agencies adopting the platform since its launch in October 2022.
Applied Systems® today announced that the company was recognized as a Global 5-Star Insurance Technology Provider 2024 by Insurance Business. Applied received the award for its continued commitment to alleviating long-standing industry challenges through innovation and fully connecting the Digital Roundtrip of Insurance, delivering a seamless end-to-end experience for all stakeholders.
Applied Systems serves the insurance industry, building cloud-based software solutions for streamlining agency operations. Its products cover everything from enabling mobile claims submissions and processing digital payments to automating marketing campaigns. Applied Systems has a global footprint that includes an office location in Brighton.
Sonata Software (Bangalore), a modernization engineering company, has announced that Applied Systems (Chicago) has selected Sonata Software to support its strategic technology projects. The partnership aims to accelerate Applied’s platform engineering initiatives and enterprise modernization efforts on Applied’s integrations with Microsoft Office365, supporting the company’s industry leading position and focus on innovation, according to a Sonata statement.
Applied Systems®, a leading provider of cloud-based software that powers the business of insurance, has announced the general release of an all-new data analytics capability. This innovative new feature, known as Epic Dashboards, is embedded within Applied Epic®, specifically for users in the U.S. and Canadian markets.
Insurtech UK today launches a new Advisory Panel convening senior leaders from across the insurance industry to progress strategic priorities for the future growth of UK insurtech. Phil Evans, Senior Director, Strategic Initiatives & Innovation, Applied Systems said: “Technology is key to unlocking the potential of the insurance market and as a key player in the broking sector in the UK, Ireland and in the US, we are delighted to be able to support this exciting new initiative. In addition to our intimate understanding of the UK insurance market’s ecosystem, we can bring knowledge and insight from across our international operations which will prove invaluable in the panel’s quest to help UK insurtechs expand outside of these shores.”
England is producing hundreds of top tech companies and jobs every year, and is challenging the U.S. and China to become a top tech producer. Already, the country is home to large enterprises like Google and Intel, but it also develops energetic startups that have reached unicorn status. As the industry continues to grow, here are some of the top tech companies in England to know about.
Toronto is home to a large concentration of tech companies and workers, and these are some of the city’s tech leaders working to make AI solutions available throughout Canada and on a global scale. Applied Systems provides technology to the insurance industry as companies transition into the digital ecosystem. It leverages AI to make user experiences easier, including an automated chatbot that allows insurance clients to have a more efficient claims process. The company is headquartered in University Park, Illinois and has a hybrid workplace in Toronto.
Applied Systems (“Applied”) today announced that it has acquired Planck, the leading Artificial Intelligence (AI) company for the insurance industry. This strategic acquisition will significantly expand Applied’s AI capabilities, accelerating its vision for the next generation of the digital roundtrip of insurance and creating more value at every stage of the insurance lifecycle for the benefit of agencies, carriers and their clients. “We believe the time is now to take bold steps to lead the insurance industry in discovering and implementing the benefits AI has to offer,” said Taylor Rhodes, CEO of Applied Systems. “By acquiring Planck, we will be investing behind a world-class team of AI and Data Science experts to accelerate the application of leading AI capabilities to insurance workflows. With our unique set of insurance technology assets that span both the agency and carrier sides of the market, our investment in Planck will deliver a significant opportunity to create AI-driven value throughout the next generation of the digital roundtrip of insurance in ways that will help our clients know more, do more of what differentiates them the most, and win more often.”
