Leading Insurance Automation Company Achieves Major Milestone
November 13, 2020 2:00 PM Eastern Standard Time
Appulate, Inc., where agents, carriers and MGAs do business digitally™ has announced that it saw a record number of submissions from retail agents in October to total nearly 19,000.
Appulate’s ProducerConnect™ technology gives agents the ability to upload ACORD and other data directly from their management system to feed carrier portals and quoting systems. The result of this technology saves considerable data entry time for both agents and carriers to ultimately make it easier to do business.
Carriers and MGAs participating in Appulate’s network have configured their systems to accept ACORD XML data via Appulate. This growing network includes carriers ranging from small / regional to large / national both for standard and excess / surplus lines of business.
“The growth in number of submissions being sent via Appulate demonstrates the trend that retail agents want to do business digitally”, said Jeffrey Harris, President of Appulate, Inc. “Application upload / connectivity is now a topic that every carrier is discussing and creating a strategy for,” notes Harris.
In comparison, Appulate processed just 10,000 submissions 2 years ago (October, 2018). The company expects to process more than 200,000 submissions during 2020. This equates to more than $1B in P&C premium being pushed through Appulate to carrier, MGA and wholesale broker markets.
The digital age is rapidly changing the way agents quote business with their carriers. Long gone is the fax machine – replaced by mobility and algorithms. Today, agents (and the insureds they represent) demand instant gratification. If business can’t be conducted quickly, customers go elsewhere.
Appulate powers the digital transformation of insurance by bringing together the insured, agent, wholesale broker, MGA and carrier on a single “point of sale” platform designed to expedite the rate, quote and even bind process for property and casualty risks.
Carriers and MGAs use Appulate to not only digitize their products and programs, but further expose them to the more than 35,000 agencies using Appulate today.
Appulate is where Agents, MGAs & Carriers do business digitally!
Visit Appulate at www.Appulate.com.
Visit Appulate, Inc. at www.appulate.com
Appulate, Inc.
Technology Support
Support@appulate.com