Applied Announces New Innovation Across Its Digital Agency Portfolio
September 11 2024 - 12:00PM
Applied Systems® today announced innovative enhancements across its
Digital Agency® portfolio. Announced at this year's annual Applied
Net® conference, the latest advancements leverage data and
automation in new ways to accelerate the digital roundtrip of
insurance across the Applied product portfolio, further connecting
critical P&C workflows throughout the policy lifecycle to make
it easier for agents to effectively service and grow their books of
business.
Innovation across the Applied Digital Agency portfolio includes:
Business Intelligence The latest
innovations to Epic Dashboards since its July 2024 general release
further democratize access to the mountain of data in Applied
Epic®, transforming it into easy-to-understand graphs and charts
for more roles across the agency to understand business
productivity and performance trends.
- Custom Dashboards User Security: Admin users
can easily modify or remove access to custom dashboards and ensure
the right people have access to the right reports.
- Risk Maps: Staff can gain additional context
as to where customers’ risks are geographically located to help
plan customer visits and inform marketing decisions like
events.
- Embedded Account Links: Direct links from Epic
Dashboards into specific areas of a client’s account like
Opportunities, Policies, and Activities help staff quickly take the
next action based on what the data is telling them to do.
- In-Dashboard Data Explanations: The data
source and analysis calculation is indicated for each dashboard to
give users confidence in the integrity and accuracy of the data.
Connected Commercial Lines The latest
enhancements to Applied commercial lines workflows improve
connectivity across the Applied Epic ecosystem, eliminating manual,
repetitive tasks, particularly as they relate to time-consuming
renewals.
- Commercial Submissions Activities Sync:
Submission activities from Indio® store as Activity Notes on an
account in Applied Epic, preventing the need to check multiple
systems and rekey submissions data.
- Streamlined Certificate Holder Management:
During renewals, updated certificate holder information can be
captured from insureds using Indio then automatically pushed to
refresh lists and generate certificates in Applied CSR24®, reducing
time and costs spent generating unnecessary certificates from
outdated holder lists.
- Renewal Time-Spent Insights: New Indio reports
provide insight into the number of days staff spend processing
renewals, helping leaders identify and address bottlenecks in
current workflows.
Core Servicing AutomationEnhancements to core
management system capabilities streamline repetitive,
time-consuming data entry, documentation, and accounting tasks
through innovative applications of AI and redesigned user
experiences.
- AI-Powered Email Summaries: When attaching
emails to Applied Epic, staff can leverage AI to summarize the
contents of an email conversation into a complementary note on an
Activity in Applied Epic.
- Redesigned Applied Mobile App: A refreshed
interface and simplified navigation make it easier for on-the-go
agents to quickly access key policy-related information and tasks
within an account via Applied Mobile®.
- Complex Commission Structures: Multi-term
producer commission schedules in Applied Epic allow for more than
one commission agreement per policy term, ensuring producers get
paid the right amount and on time and eliminating manual commission
tracking and adjusting.
- Daily Balance Dashboards: Real-time balances
and transaction data across top merchants make it easier for
finance teams to track daily activities and funds through Applied
Pay®.
“At Applied, we center our product investments on accelerating
the Digital Roundtrip of Insurance, creating greater connectivity
and automation at each stage of the policy lifecycle,” said Anupam
Gupta, chief product officer, Applied Systems. “Our goal continues
to be to deliver innovative, yet practical capabilities that help
agencies spend less time on repetitive tasks and data re-entry so
they can spend more time interacting with their customers and
growing their books of business.”
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The Applied products and logos are trademarks of Applied
Systems, Inc., registered in the U.S.
About Applied SystemsApplied Systems is the leading
global provider of cloud-based software that powers the business of
insurance. Recognized as a pioneer in insurance automation and the
innovation leader, Applied is the world’s largest provider of
agency and brokerage management systems, serving customers
throughout the United States, Canada, the Republic of Ireland, and
the United Kingdom. By automating the insurance lifecycle,
Applied’s people and products enable millions of people around the
world to safeguard and protect what matters most.
Lauren Malcolm
Applied Systems
(678) 438-5093
LMalcolm@appliedsystems.com