Chesapeake Employers’ Insurance Company Connects to IVANS Distribution Platform
March 17, 2022
Workers’ Compensation Specialist expands connectivity via IVANS to automate commercial lines distribution
TAMPA, Fla. – March 17, 2022 – IVANS today announced that Chesapeake Employers’ Insurance Company has selected IVANS Distribution Platform, the industry’s platform built to streamline the submission process through standardized digital connections to agency-facing systems. Beginning in Q2, the carrier will gain access to the IVANS network of independent insurance agencies, removing friction from the process and exponentially expanding their new business opportunities.
“Chesapeake Employers has been a long-time download partner with IVANS, and we are excited to take another step forward toward automating the round trip policy experience,” said Tom Phelan, chief executive officer, Chesapeake Employers’ Insurance Company. “Automating the distribution process for our agency partners will reduce the manual labor historically associated with searching for appetite and submitting applications, creating a faster, easier process for agents to work with us.”
IVANS Distribution Platform improves the entire commercial lines policy lifecycle. Unlike point solutions available in the market, the platform supports both straight through processing as well as more complex risks that require an underwriter’s attention. By identifying market appetite as part of the process, the IVANS solution increases efficiencies and submission volume and can lower declination rates.
"Our industry has been handcuffed by manual process, and the truth is that both carriers and agents want to solve this challenge while keeping what's unique about their businesses," said Reid Holzworth, chief executive officer, IVANS. "Chesapeake Employers is the latest to lean into this industry opportunity with IVANS, putting it in a position to access more agents where they work every day."
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The IVANS logos are trademarks of Applied Systems, Inc., registered in the U.S.
IVANS 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 34,000 independent insurance agencies and 450 MGA and insurer partners to enable millions of people to safeguard and protect what matters most in people’s lives.
About Chesapeake Employers’ Insurance Company
Chesapeake Employers’ Insurance Company (ceiwc.com) is Maryland’s largest writer of workers’ compensation insurance. It is a nonprofit, non-stock, private corporation. Chesapeake Employers has served as a continuous, guaranteed source for fairly priced workers’ compensation insurance since 1914.