Boston, Mass. (October 20, 2015) – Liberty Mutual Insurance has been awarded the Applied Systems Pinnacle Award for its significant contributions to advancing automation adoption by its independent agency partners.
As the only carrier awarded the Pinnacle this year, Liberty Mutual has worked closely with Applied Systems to drive agent adoption of download and now has approximately 15,000 agencies using download capabilities each month. ACORD eDOCs and Commercial Lines Download enable Liberty Mutual to simplify document delivery and reduce printed material requests, saving time, resources, and operating costs.
The company has seen a 146 percent increase in eDOCs transactions and a 50 percent increase in Commercial Lines Download transactions over the last year. With 15 million download transactions annually, Liberty Mutual was an early carrier adopter of the eDOCs function and has shared best practices as more and more carriers move forward with eDOCs roll-outs.
“Technology continues to drive efficiencies and growth for insurance businesses worldwide, and our annual Pinnacle Award celebrates companies that harness the power of innovative software to deliver successful business results and take our industry further ahead into the digital future,” said Reid French, chief executive officer, Applied Systems. "We are proud to partner with Liberty Mutual on driving increased connectivity and data exchange with their agency partners and applaud their efforts in driving the industry standard for carrier connectivity.”
Liberty Mutual offers a wide variety of commercial lines download and real-time capabilities for all supported commercial lines of business, as well as direct bill commissions, claims, billing, and policy transactions.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world. The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners.
Liberty Mutual is ranked 78th on the Fortune 100 list of largest corporations in the U.S. based on 2014 revenue. As of December 31, 2014, the company had $124.3 billion in consolidated assets, $104.0 billion in consolidated liabilities, and $39.6 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. You can learn more by visiting www.libertymutualinsurance.com.