|By Business Wire||
|August 14, 2013 09:55 AM EDT||
Applied Systems, Inc., a leading provider of software that powers the business of insurance, today announced it has acquired Insurecom, a leading software and connectivity solutions company serving the insurance industry in the United Kingdom.
The acquisition of Insurecom, which will operate as Applied Systems UK, enables Applied Systems to establish company-owned operations in the UK and deliver greater service and new products to the marketplace. Insurecom had been an Applied Systems business partner for more than 10 years and was the exclusive distributor of Applied TAM to insurance brokerages in the UK.
“As longstanding business partners, our companies have a strong foundation in place to quickly integrate operations and begin delivering greater service and new products to customers in the UK insurance market,” said Reid French, CEO, Applied Systems. “Expanding our international operations enables Applied Systems to deliver enhanced support to our growing list of multinational customers as the insurance industry continues to globalize.”
Applied TAM is the most widely used agency and broker management system in the world with a user base of more than 100,000 insurance agents and brokers across the UK, U.S. and Canada. By acquiring Insurecom, Applied Systems will now directly service and support Applied TAM UK users and create greater value for this segment of its customer base.
“Evolving business requirements are changing our industry, requiring UK insurance brokers to more fully utilize software and connectivity solutions to sustain business growth and strengthen relationships with both our customers and our insurer partners,” said Tony Watmore, chairman, Team-One. “Applied TAM UK enables UK brokers to achieve these important business objectives. We look forward to this stronger relationship with Applied Systems and the opportunities it presents to integrate new technology into our businesses.”
Applied Systems will leverage its technology development resources and expertise to enhance broker management software and insurer connectivity solutions offered in the UK insurance market. The company plans to begin introducing its additional insurance software products currently used in the U.S. and Canada to the market to further automate the insurance lifecycle in the UK.
Jeff Purdy, senior vice president of international operations, Applied Systems, will oversee Applied Systems UK, working directly with the Insurecom management team.
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. The company is recognized as a pioneer in agency management systems and data exchange between agencies, brokers, carriers and their clients. By automating the insurance lifecycle, Applied Systems software enables millions of people around the world to safeguard and protect what matters most. To learn more, please visit www.appliedsystems.com.
Insurecom is a leading software and connectivity solutions company serving the insurance industry in the United Kingdom for more than 14 years. Insurecom is the exclusive distributor of Applied TAM UK broker software and works closely with major insurers in the UK, enabling them to distribute insurance products in real-time.