Applied Systems sees record growth, expands into new markets

industry growth graph

Applied Systems has reached record commercial lines eTrading growth in the 12 months to March 2024, which has been heavily supported by accelerated take-up of its Applied Epic broker management platform and expansion into new markets.

Throughout the last year the number of brokers using Applied’s cloud-based Epic broker management system increased by just over 20%.

At the same time, there was also a 48% hike in gross written premiums traded on the firm’s integrated commercial lines eTrading platform. 

In addition, the company also reportedly maintained its robust personal lines presence in the UK, which was supported by the leveraging of its advanced APIs that allow brokers to access its panel via its Rating Hub.

It is important to note, that the rating service provides brokers with an end-to-end digital personal lines process, which ultimately reduces the need to manually trade business with insurers and managing general agents (MGAs). 

Meanwhile, Applied also stretched into the MGA sector through Applied Riskhandler, which is a purpose-built solution for MGAs and product providers.

Tom Needs, Chief Executive Officer, Applied Systems Europe, commented: “Today’s brokers are facing new business challenges and a market where growth opportunities are in new segments of the business that require different ways of trading and doing business. We are focused on providing our broker customers with the simple, modern experiences they demand and the response by the market and our customers continues to show the thirst in the UK broker market for new innovation.”

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