IVANS Announces 70 Percent Year-Over-Year Growth in eDocs Transactions
February 20, 2018
Rapid growth driven by demand to automate information exchange between insurers, MGAs and agencies
Tampa, FL – Feb. 20, 2018 – IVANS, a division of Applied Systems, today announced that the number of eDocs transactions via IVANS Download has increased by 70 percent year over year, climbing to more than 6 million transactions in 2017. By automating the exchange of policy-related documents, including declaration pages, cancellation notices, payment information, general underwriting and marketing messages and surety documents, agents and insurers eliminate paper-based transactions while ensuring the most up-to-date information is instantly available to provide timely customer service.
Notable leading insurers such as Liberty Mutual, Safeco, Cincinnati Insurance Companies, Westfield Insurance, Motorists Group, and Michigan Millers Mutual Insurance Company are leveraging eDocs download as a secure and managed alternative to email, mail and faxes.
IVANS is the insurance industry’s exchange connecting insurers, MGAs and agencies. IVANS Download automates the generation and exchange of Personal and Commercial Lines policy, Claims, eDocs and Messages, and other policyholder-related transactions from insurers to agencies and MGAs, driving connectivity between industry stakeholders to ensure that current, accurate information is continually available throughout the policy lifecycle. IVANS Download drives greater efficiency and connectivity between insurers, MGAS and their agencies, ensuring that current, accurate information is continually available throughout underwriting and servicing.
“Digital transformation in the insurance industry is enabling insurers and agents to become more connected, creating more seamless and automated interactions across the entire insurance lifecycle,” said Thad Bauer, vice president and general manager of IVANS Insurance. “The continued momentum of eDocs download is creating enormous gains for insurers, MGAs and agencies alike by eliminating time-consuming, manual processes and building stronger business relationships.”
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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 30 years, IVANS innovation and expertise has connected 30,000 independent insurance agencies and 380 MGA and insurer partners to enable millions of people to safeguard and protect what matters most in people’s lives.