Category Archives: Industry News
In this interview with Insurance Journal’s Mitch Dunford, Applied Systems CEO Reid French talks about the future of insurance technology. He also discusses Applied Systems® Epic, the fastest-growing agency management system in the insurance industry today. To learn more, visit www.appliedsystems.com/epic. Powered by InsuranceJournal.tv Join the conversation: TENCon is the flagship annual conference [...]
If U.S. insurers are nervous about another bad tornado season, they have good reason.  Financial losses from natural catastrophes hit record highs in 2011. Globally, natural disasters cost $380 billion in damages. In the United States, tornado damage alone accounted for more than $10 billion. Those losses are reflected in combined ratios. Fitch Ratings recently reported a rise in combined [...]
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Independent agents have worked valiantly to minimize the impact of the soft market, streamlining operations and ramping up marketing and sales in hopes of at least treading water until conditions improve. What industry analysts can’t seem to agree on is whether the industry is now in the midst of a recovery. And, if not now, when is it going [...]
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How long has it been since you checked your Facebook page to see who’s commented on your last post? A few minutes? A couple of hours? Facebook, Twitter, LinkedIn and now Google+ have become indispensible tools for communicating personally and professionally. In the business arena, the insurance industry has embraced social media in getting the word out [...]
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Steven Brown, president of Hoffman Brown Co. in Sherman Oaks, Calif., doesn’t get snow his way. But he had a personal connection to the early snowstorm that blanketed six eastern states with up to two feet of snow late last month. For Brown, the storm served as a powerful reminder of how businesses can be hamstrung [...]
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What lies ahead for Applied Systems users and agency technology in general? Three weeks after taking the helm as Applied Systems chief executive officer, Reid French talked with Insurance Journal‘s Andy Simpson about the role he thinks Applied Systems will play in the agency and brokerage of the future. He also talked about the choices agents are making in [...]
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Just as economic gloom threatens to spill into another year, there are glimmers of hope. According to the just-released update to the current Best Practices Study published by the Big I and Reagan Consulting: Top-performing agencies have grown and maintained steady levels of profitability in 2011. Smaller agencies reported flat growth when compared to 2010 [...]
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The pace of technological innovation is extremely fast. It’s not good enough for tech companies to just keep pace. They have to anticipate so they can be a step ahead.  It’s important for Applied Systems to follow this precept. As your technology partner, we must remain reliable for you so you can do the same for your customers. This year, [...]
If something is important to you and your business, it’s important to us at Applied Systems. We’re always trying to improve on our overall performance and customer satisfaction. Many of our clients regularly e-mail and call to commend our Support specialists, and that’s very gratifying for all of us. We appreciate your business, and we [...]
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From many insurance industry organizations, it seems all we have heard about in the past few years is decreased spending and budget cuts.   But it looks like things are turning around. A recent survey by Novarica  shows that most insurance companies plan on increasing their IT budgets in 2012. Among the driving factors cited in [...]
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