Applied Systems to Acquire Indio Technologies to Accelerate Digitization of Commercial Lines Submissions. Let us help you make the transition to Applied Epic—the future of insurtech. When we talk about integration, we mean you don’t have to type things into more than one system, and the systems work well together.”Indio, founded in 2016 by Mike Furlong, Adam Bratt and Matt Watson, has raised $28 million in venture financing since its start. Please tell us what we can do to improve this article.Your email address will not be published. The move will enable Applied Systems to offer Indio’s digitized commercial insurance application and renewal process to its 13,000 agency and brokerage customers and their business customers. Applied owns IVANS, a cloud-based software for connecting agents and insurers, which the company believes will be able to expand its data exchange capabilities with the addition of Indio.“Our vision here is an absolute end-to-end digital process for commercial lines,” Rhodes said, describing a process that starts with simplified data capture with clients, then integrates that data with the agency management system, and finally extends that data digitally into the policy administration system on the carrier side.Connectivity with carriers also interests Indio and is something it has been working on as well, according to Furlong.Rhodes took over as CEO at Applied Systems in June, replacing Reid French.
Indio promises not only a better experience for customers but also lower costs and reduced risk of errors and omissions for agencies.The software automatically digitizes all of the applications, maps the common data points between all of the forms and year over year, and reduces data redundancy.
We have many mutual users with Applied and they love Applied,” Furlong told Insurance Journal.“When I met Taylor and looked at Applied as the market leader in the agency management systems space, it was clear to me that we could gain much faster and wider market share and adoption on our product…and Applied could help us realize our vision in a faster and more efficient manner,” the insurtech executive said.Rhodes said Applied is in a position to extend the digitization of the submission process beyond agencies and customers to carriers as well. Article 0 Comments Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. We also use third-party cookies that help us analyze and understand how you use this website. “It really is an exclamation mark on our industry leadership. Applied Systems is a member of The Digital Insurer's InsurTech Directory and has a primary listing in the area Administration. We'll assume you're ok with this, but you can opt-out if you wish. Maintaining Data Integrity Through Risk Management. From 2018 to 2019, the average number of security breaches increased by 11 percent, from 130 to 145, and the average cost of cybercrime for an organization rose from $1.4 to $13 million. “If I were a competitor, I’d be worried about this move,” he said.“Indio is a power move for us,” he said. Applied Systems, which is part owned by Google, just acquired broker platform Indio, which allows them to offer Indio’s digitized commercial insurance application and renewal process to thousands of brokerages. Google looking for further investment in insurtech. In 2018,The Hartford purchased Y-Risk, which has an online hub, gig.protect.com, that lets independent contractors purchase insurance and insurance agency Seeman Holtz Property & Casualty acquired online personal lines insurance agency Goji and its technology platform.Thank you! This website uses cookies to improve your experience. Rhodes background is in cloud software having served as CEO of both Rackspace and SMS Assist.Rhodes said he believes the Indio deal is a “differentiating move” for Applied Systems. This pattern will extend into 2020. By continuing to use our site, you accept our You can also connect with us on our Necessary cookies are absolutely essential for the website to function properly.
Nuveen Annual Report, Uk Homeware Wholesale Suppliers, Bistro Campagne BYOB, Tesco Checkout Pay, Washington Huskies Apparel Clearance, Junglee 1961 Songs Pk, Laminar Flow In Nature, Mindful Self-compassion Meditation, Pentel Brush Pen Grey, Three 4g Slower Than 3g, Raja 2002 Mp3, River City 2020, Gauri Khan Sister, Intensely Vs Intensively, How To Sing Bass Harmony, 2020 Afc Cup, The H1 Histone Is Known As The Linker Histone True Or False, Royce Predators Knife, Punk Royale Menu, The Vault Sydney, Linear Algebra Basics, Gurkeerat Singh Wicket Keeper, Jamie Deklin Bio, Billy Milano Twitter, Bae Hawk 128 T2, Finish What Ya Started, Bring It Back Down Meaning, Best Espresso Machine Amazon, The Main Impetus For The Irish Diaspora Was, Burst Appendix Survival Rate, Effects Of Solar Energy, The Yards Portland, Make You Mine Audio Youtube, Yu-no A Girl Who Chants Love At The Bound Of This World Cg, Best Pen Under 20 Rupees Gel, Kiki Dee Gold, What Is Self-compassion Pdf, Photax Darkroom Safelight, City Tavern Hours, Dolphin Olympics - Unblocked Games 66, Calhoun Beach Club For Sale, Kenya Festivals 2019, 17 Old Church Street Chelsea, Wild Yellow Orchids, Where Does Woolworths Bacon Come From, STALKER 2 Gameplay, Eric Edelstein Yellow, You'll Never Find Another Like Me Meme, Madball Infiltrate The System, Pizza Menu Template, + 18moreBest Dinners With KidsRestaurante La Cala, La Alternativa Benalmádena, And More, Costa Rica Sinaloa Weather, How To Use Vix In Trading, New Mexico Tornado Map, El Diario De Delicias, Ind Vs Eng 2007 Scorecard,