Electronic Quoting and Proposal Automation solution Relay leverages IVANS new solution to deliver additional value to P&C Insurance Agents in the U.S.
New York, NY (June 30, 2021) – Relay Platform is pleased to announce a distribution agreement and ongoing collaboration with IVANS Insurance Solution. Relay, a next-generation electronic placement solution for property and casualty (P&C) insurance and reinsurance, will leverage the newly minted partnership to improve time to market for Small Commercial lines of business. Insurance agencies and brokerages will have increased access to carrier partners through Automated Programming Interface (“API”) connections.
“Our solution is seeing rapid adoption from agents and brokers, who welcome help in navigating hardening markets. We already excel in lines such as Cyber, Professional Liability, and Specialty Lines, but the reach of the IVANS Distribution Platform will take us to a whole new level by adding to our existing direct quoting capabilities, and particularly so in Small Commercial” mentions Eric Lough, Director of Distribution & AMS Partnerships at Relay.
Relay complements agency and brokerage management systems by streamlining the painstaking phase of chasing quotes and building client proposals. Enabling real-time digital panels of carriers and MGA-MGUs substantially increases success rates for agents and brokers. The solution unifies application questions, compiles instant and manual quotes into a Competitive Differentiation Table™, and delivers a configurable, analytics-powered Smart Client Proposal™ designed to better meet the needs of commercial clients.
By supporting a broad set of commercial line types, Relay Platform provides actionable insights for insurers and MGAs to review submission and quote details against industry benchmarks.
“Due to the time and expense necessary to maintain connections between agency technology and insurers and MGAs, distribution partners are finding new ways to expand markets that require less overhead,” said Reid Holzworth, chief executive officer, IVANS Insurance Solutions. “IVANS Distribution Platform will expand the lines of business that can be quickly quoted all through a single connectivity access point, increasing Relay Platform’s value proposition to its agencies.” states Reid Holzworth, chief executive officer, IVANS Insurance Solutions.
Relay helps commercial insurance agents and brokers boost their close rates by combining instant and manual quotes from carriers, MGA-MGUs and reinsurers into winning, configurable proposals. Relay’s single-entry multi-carrier solution handles all P&C lines, whether renewal or new business, simple or complex. We facilitate billions in coverage across insurance and facultative reinsurance every year. For more information, please visit www.relayplatform.com.
IVANS, a division of Applied Systems, is the insurance industry’s exchange, connecting insurers, MGAs, agencies, and the insured. IVANS cloud-based software automates the distribution and servicing of insurance products. For more than 35 years, IVANS innovation and expertise has connected 33,000 independent insurance agencies and 430 MGA and insurer partners to enable millions of people to safeguard and protect what matters most in people’s lives. For more information, please visit www.ivansinsurance.com.
Source: Relay PlatformTags: API, commercial lines, InsurTech, InsurTech Spotlight, IVANS, Property/Casualty (P&C) insurance, Relay, small business, United States (USA)