Applied Systems Announces Predictive Quoting for Rating Services

Mississauga, ON (PRWEB) June 07, 2017

Applied Systems today announced the general availability of predictive quoting for Applied Rating Services, Canada's leading comparative rating service for the insurance industry. Predictive quoting leverages historic consumer quoting and purchasing behavior data to prefill application details and deliver more convenient automobile quotes, enabling an enhanced customer experience and quicker quote-to-bind time ratio. Applied WebRater, the leading online client self-service comparative quoting and lead generation solution in the Applied Rating Services brokerage suite, will be the first rating service in the Canadian insurance marketplace to offer this capability.

Applied Rating Services is a suite of comparative rating service solutions for brokerages and insurers that provides the insurance industry's most accurate comparative rates across Canada. As part of Applied Rating Services brokerage suite, Applied WebRater provides a lead generation solution branded for the broker to increase new business opportunities and drive growth. Applied WebRater also increases brokerage productivity through automated collection of prospects' underwriting, rating and consumer information, which can be easily imported into Applied AutoRater and Applied PropertyRater, reducing time spent on manual entry of information. With more than 30 years of experience in rating technology, Applied Systems offers the most comprehensive portfolio of comparative rating services in Canada to deliver fast and accurate quoting for automobile and property insurance, enabling brokerages to more efficiently drive business growth, while providing a better client experience.

In addition to predictive quoting, the latest release of Applied WebRater also delivers additional capabilities, including:

• Instant quote: Applied WebRater Instant Quote displays a minimal number of questions, such as Postal Code, Vehicle information, and Date of Birth or Years licensed, to enable the consumer and broker to quickly and easily quote coverage options.
• Customized prospect communications: personalize prospects' thank you email to include either a condensed summary of the quote information or full list of all the quote details.
• Enhanced lead generation workflow: prospects' contact information is now included in the Lead Notification emails to enable brokers to quickly and easily respond to Applied WebRater leads using the method requested.

"The insurance industry amasses exponential amounts of data that can inform future coverage options," said Stéphane Lacasse, vice president of Product Management and Rating Services, Applied Systems. "Predictive quoting capabilities will enable brokerages to deliver clients and prospects a faster and more convenient comparative quoting experience, ensuring their company is present at the moment of opportunity to serve as a trusted advisor."

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About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world's largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland and the United Kingdom. By automating the insurance lifecycle, Applied's people and products enable millions of people around the world to safeguard and protect what matters most.

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