Online insurance marketplace ePolicy (www.epolicy.com) recently formed wholly-owned subsidiary Insurance Technology Solutions (ITS, at www.insurancetechnologysolutions.com) to provide Web-based technology to automate critical carrier and producer activities for small commercial and professional liability policies.

ITS has separately branded this technology “the RQBI Solution” because it enables insurance companies to rate, quote, bind, receive payment, and issue policies online in real time. EPolicy claims this reduces costs of delivering small commercials and professional liability insurance.

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