Partnership with leading network of independent insurance brokers to accelerate automation and data insights
November 18, 2021 – Applied Systems® today announced a partnership with Canadian Broker Network to drive best practice processes and build structured data sets. As part of the partnership, network brokers will extrapolate powerful business intelligence and participate in innovation initiatives to drive greater opportunity in Personal and Commercial Lines, simplifying workflows by eliminating manual, administrative tasks and creating growth opportunities for all stakeholders.
“As one of the largest Canadian broker networks, it is critical we equip our member brokers with access to technology and resources needed to be competitive in today’s market,” said Lorie Phair, president, Canadian Broker Network. “Our partnership with Applied will lay a foundation for our brokers to digitally transform their workflows, and we look forward to creating greater connectivity across the policy lifecycle.”
Along with the joint initiative to better connect Commercial and Personal Lines policy lifecycles, the partnership between Applied and Canadian Broker Network will serve as a cornerstone to develop industry insights regarding technology transformation and growth with member brokerages. Additionally, network brokerages will gain access to educational opportunities and best practices regarding technology adoption and optimization.
“The insurance industry is in the midst of a digital transformation across all business lines, driving brokers towards simpler, data-driven workflows that simplify the policy lifecycle, strengthen relationships with insurers and, ultimately, delight customers,” said Steve Whitelaw, vice president and general manager, Applied Systems. “This partnership with Canadian Broker Network underscores the opportunity for the industry to come together to collaborate in new ways to connect the distribution channel, creating more value for each stakeholder.”
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.
About Canadian Broker Network
The Canadian Broker Network is an alliance of leading independent insurance brokerages representing more than $2 billion in property casualty premiums as well as employee benefits and life and financial services, with over 50 offices across Canada and more than 1,500 employees. They provide independent, employee-owned brokerages a unique way to grow and innovate their businesses by leveraging the collective wisdom, experience, and connections of their members. Maturing out of a forum dating back to 2002, originally designed to exchange best practices, CBN’s guiding principles of innovation, collaboration, commitment to growth, and independence ensures that members can deliver the best possible value proposition to their clients, employees, and insurer partners.