Ivans, a leading provider of software solutions for the insurance industry, has announced the expansion of commercial lines supported on its Ivans Distribution Platform.
The firm is well-known for its innovative technology that enhances the insurance distribution process, connecting insurers, agents, and markets seamlessly.
The recent expansion aims to meet the growing demand for a more integrated and efficient system for managing commercial policies.
This move is driven by the industry’s need for streamlined operations, allowing carriers and agents to handle multiple commercial lines in one unified platform.
Ivans specialises in developing solutions that improve the insurance policy lifecycle. Its flagship product, the Ivans Distribution Platform™, connects to Ivans’ open platform of commercial markets, providing customers with automated appetite communication and digitised submissions.
This enables direct quoting to insurers and Managing General Agents’ (MGAs) systems, simplifying the entire process.
The newly expanded Ivans Distribution Platform™ now supports additional commercial lines such as Cyber, D&O, E&O, Umbrella, Inland Marine, Professional Liability, Commercial Package, Commercial Property, and Commercial Auto, alongside the already available Business Owner’s Policy, General Liability, and Workers’ Compensation.
This comprehensive support enhances the platform’s capability, making it a robust tool for managing a wide range of commercial policies.
This expansion offers agents streamlined digital submission workflows, significantly increasing win rates and operational efficiencies in handling commercial lines business.
By integrating these features, Ivans aims to provide a more cohesive and efficient system for its users.
Reid Holzworth, chief executive officer of Ivans, highlighted the benefits of the expanded platform, saying, “Carriers want to work in one place to manage their commercial rating connections and quoting, and Ivans Distribution Platform is that singular network that brings the connectivity and the agency distribution. With 12 lines now available, we are excited to broaden the available product panel for carriers and agents to automate more commercial lines workflows and continue making great strides in achieving our goal of providing digital submission options for all commercial lines of business.”
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