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Who's using what: June 26, 2015

Acquisition and product launches for Applied Systems, Vertafore, AIR Worldwide, EPIC Insurance Brokers and Consultants, Xuber Insurity, Allied World America and Social Intelligence.

By Melissa Hillebrand | Updated on June 26, 2015

Applied Systems acquired SEMCAT, a vendor of comparative rating technology in the U.S. Applied Systems will integrate the rating technology into its TAM or EPIC agency management systems for real-time exchange of policy ratings and improved operational workflows. “SEMCAT has the broadest set of carriers in lines of business of any comparative rating provider,” says Reid French, chief executive officer for Applied Systems. “It has more than 500 insurance carriers that they provide rates for. We have customers in every single state and every city of magnitude. So having broad access to rates regardless of line of business, carrier or location is really important to us.” SEMCAT will be rebranded as Applied Rating, and its offices in Lincoln, Neb., will act as Applied System’s office for comparative rating in the U.S., French says.

In other company news, IVANS Insurance Solutions, a division of Applied Systems, launched IVANS Exchange, an online tool for independent insurance agencies to view and manage their carrier download connections. Capabilities of the software include an agency connectivity dashboard, which offers a snapshot of current and available download connections, download transaction volume and newly activated lines of business; a connections report, which allows agencies to review download connections that are inactive and identify download opportunities; and a usage report, which identifies the number of download transactions agents receive per line of business and per carrier.

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