Digital Commercial Insurance Provider Partners with Ivans to Allow Instant BOP Quoting through Ivans Distribution Platform
Milwaukee, WI., March 29, 2023 (GLOBE NEWSWIRE) — Ivans today announced Relay, a provider of solutions which enable the digital transformation of commercial insurance submissions, has gone live on the Ivans Distribution Platform to provide instant bindable quotes for business owner’s policy (BOP). The partnership allows Relay to provide immediate BOP quotes from commercial carriers on the platform to its broker and agent partners.
“This partnership increases the competitive edge for modern agents and brokers by digitizing the placement of property and casualty (P&C) insurance,” said Karen Redfern, Vice President of Small Commercial at Relay. “Brokerages using Relay have indicated increased process efficiencies of 50% or more. By enabling agents and brokers to receive and compare multiple quotes and generate and update Relay’s Smart Customer Proposals™ dynamically and easily, Relay streamlines the process to make small commercial more profitable.”
Ivans Distribution Platform improves the commercial lines policy lifecycle. Unlike point solutions available in the market, the Ivans solution supports both straight-through processing as well as more complex risks that require an underwriter’s attention. By using Ask Kodiak to identify market appetite as part of the process, the carrier has built customer rules with thousands of custom eligibility statements and state exclusions to ensure they are receiving higher rates of in-appetite business.
“One of our primary goals is to reduce the time and expense necessary to maintain connections between agency technology and carriers and MGAs,” said Reid Holzworth, Chief Executive Officer of Ivans. “The Ivans Distribution Platform enables that streamlined connection point between distribution partners like Relay and our growing list of clients offering digital commercial lines quoting. By providing a connection point to the largest number of carriers, we allow partners like Relay to focus on making a great user experience for their agents.”
# # #
The Ivans logos are trademarks of Applied Systems, Inc., registered in the U.S.
About Ivans
Ivans is where insurance carriers, agents, and MGAs come together to grow their businesses. Every day, our 34,000 agents and 450 carrier partners plug into technology that empowers them to better determine appetite and eligibility, swiftly produce quotes, get accurate claims and commission updates, automatically communicate policy data, and connect to one another to drive new business. With easier ways to get the day’s work done, insurance professionals can open the door to more revenue without letting complexity in behind it.
The Oracle of Omaha never saw a future in cryptocurrency.
There’s no getting away from it, given the Fed’s policy of aggressive rate hikes, a soft landing for the U.S. economy appears out of the question. That at least is the opinion of Cathie Wood, who is therefore readying for a hard landing. “Money velocity is flattening,” the ARK Investment Management CEO said recently in reference to the recent banking mess while Wood also expects a marked deceleration in nominal gross domestic product. However, these are all blind spots for the Fed, she believes,
The SECURE 2.0 Act, signed by President Biden in December 2022, includes dozens of changes to provisions related to tax-advantaged retirement accounts. Among the most important changes is a provision, which took effect Jan. 1 of this year, that delays … Continue reading → The post Your Required Minimum Distributions (RMDs) Have Officially Been Pushed Back appeared first on SmartAsset Blog.
The stock market rally gained momentum Wednesday, clearing key levels. Microsoft and Micron were among 10 stocks flashing buy signals.
What we know about the world’s richest.
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
Elon Musk doesn't seem all that impressed with Warren Buffett's stock picks. And he took to Twitter — of course — to say so.
Larry McDonald developed a framework for analyzing stock market risk after his experience during the subprime mortgage crisis, and he says all his indicators are flashing warning signs.
First Republic Bank is no longer actively looking for a buyer as potential suitors are concerned about the losses they'll have to add to their books with no government backup.
Morningstar has put together a list of top dividend stocks held by its 'ultimate stock pickers.'
The firm said it was relocating “immediately” from Washington after the state’s supreme court cleared the way for a capital gains tax on individuals.
(Bloomberg) — A bold options bet on sharp Federal Reserve interest-rate cuts appears to have been closed out for a $10 million profit, quadruple the initial stake, after it became nearly worthless for a time.Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketFBI Releases Files on Ivana TrumpScotiabank Economist Excoriates Trudeau, Freeland Over $32 Billion S
Shares of Charles Schwab have tumbled about 35% so far this year as investors reassess the impact of rising interest rates.
There are different ways to assess whether it’s time to lean heavily into a certain class of stocks, and according to Oppenheimer’s head of Technical Analysis Ari H. Wald, the charts right now are pointing toward a resurgence in growth. “Recent points of market discussion have included incremental cracks in value and concurrent relative strength in growth,” Wald noted. “Breaking down the components and their influence on the market, we see growth in a stronger position to the lead the S&P 500 hi
The big topic at Nvidia’s (NASDAQ:NVDA) recent GTC event concerned the opportunity around AI, with the company stressing it is well-positioned to be at the forefront of this secular trend. The event came hot on the heels of the release of OpenAI’s ChatGPT-4, the improved AI bot trained on both images and text. And fittingly, at the event, NVDA’s CEO Jensen Huang sat down with OpenAI co-founder Ilya Sutskever to talk about all things AI. Needham analyst Rajvindra Gill logged in to get the lowdown
The verdict? The future is virtual.
Lululemon's acquisition of Mirror has been an utter failure.
It’s all change at Alibaba (NYSE:BABA). In what represents the biggest recalibration of the organization in its 24-year history, the Chinese ecommerce giant announced that it will split its business into six different groups (Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics, Global Digital Commerce Group and Digital Media and Entertainment Group). Each group will have its own CEO and board of directors. Each will also be able to raise outside f
The markets have been pounded lately by a series of economic shocks, most recently the bank crisis sparked earlier this month by the failure of Silicon Valley Bank. That spread quick fears of contagion, as the crypto-heavy Signature and Silvergate banks also failed – and then the international heavyweight Credit Suisse showed signs of cracking. Economist Mohamed El-Erian warns that we are facing multiple problems simultaneously, and the outlook is grim. “It’s not just a dilemma of inflation vers
There are many different approaches and strategies for retirement investing that might appeal to you. But how do you tell if a certain strategy works for your situation? When evaluating different approaches, consider how each strategy is put together and … Continue reading → The post Here's How Much to Keep in Stocks, Bonds and Cash in Retirement appeared first on SmartAsset Blog.
