Applied Systems Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Applied Systems Strengths, Domain Expertise, and Key Differentiators

Applied Systems, a frontrunner in agency and brokerage management systems, has recently marked strategic milestones in its global expansion. With a new Canadian headquarters in Toronto and an expanded office in Belfast, the company showcases its commitment to innovation, collaboration, and customer-centricity. This move not only reflects Applied Systems' responsiveness to evolving industry needs but positions it as a key player driving positive change in the global insurance technology landscape. The company's emphasis on purpose-built spaces for collaboration underscores its dedication to staying at the forefront of industry transformation, making it a noteworthy contender in the digital era of insurance.

Applied Systems Recent Developments

Applied Systems has enhanced its insurance technology offerings with AI-powered and data-driven tools aimed at improving operational efficiency and business insights. The introduction of Automated Statements within Applied Epic streamlines statement recording and reconciliation by using AI to extract and match data from various file formats. Additionally, the company launched Tarmika Insured, an embedded quoting tool for real-time commercial insurance premium calculations. Ivans, a division of Applied Systems, expanded its portfolio with Ivans Bookroll™ for secure data transfers and book analysis, and Ivans Insights, a business intelligence platform delivering targeted marketing insights for agencies.

Applied Systems Mergers and Acquisitions (M&A) Activities

Applied Systems has strategically expanded its capabilities and market presence through multiple acquisitions focused on enhancing digital solutions for the insurance industry. The acquisition of Planck, an AI specialist, aims to boost Applied’s AI-driven innovation across the insurance lifecycle, benefiting agencies, carriers, and clients. Other acquisitions include Riskhandler to strengthen commercial distribution in Ireland and the UK, Tarmika to advance commercial lines rating solutions, EZLynx to broaden its portfolio, and Indio Technologies to digitize and automate the commercial lines submissions process. These moves collectively support Applied Systems’ vision of delivering a fully digital, automated insurance experience.

Applied Systems Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Applied Systems applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Applied Systems and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Applied Cloud, Applied Epic, Applied TAM, Applied DORIS, Applied CSR24, Applied Mobile, Applied Analytics, Applied Rater, IVANS Markets, IVANS eServicing, IVANS Download, customers.

Applied Systems Key Enterprise and Cloud Applications

Applied Cloud, Applied Epic, Applied TAM, Applied DORIS, Applied CSR24, Applied Mobile, Applied Analytics, Applied Rater, IVANS Markets, IVANS eServicing, IVANS Download,

Applied Systems Revenues, $M:

Applied Systems Revenue Breakdown By Type, $M:

Applied Systems Enterprise Applications Revenues By Functional Markets, $M:

Applied Systems Enterprise Applications Revenues By Verticals, $M:

Applied Systems Revenues By Region, $M

Applied Systems Direct vs Indirect sales

Applied Systems Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Applied Systems Customers

No. of Applied Systems Customers: 19800

No. of Applied Systems Enterprise Applications Customers: x

No. of Applied Systems Cloud Customers: x

No. of Applied Systems Cloud Subscribers: x

The impact of Applied's software is felt by more than 160,000 individuals who rely on it daily. Operating across four regions, Applied's widespread presence underscores its global influence in the software solutions domain.

Applied Systems' recent customer victories include notable names such as Cross Current Insurance, Steffey Insurance Agency, Fisher Brown Bottrell Insurance, Inc., CHI Insurance Agency, United Agencies Inc., NFP UK Brokers, Weaver & Associates, VP Custom Insurance Solutions, Rollo Insurance, Wellmann Insurance, Hibbs-Hallmark & Company Insurance, and numerous others. These wins underscore Applied Systems' continued success and growing influence in the insurance industry.

Applied Systems Market Opportunities, M&A and Geo Expansions

Applied Systems is strategically positioned to capitalize on emerging opportunities in the insurance technology landscape through a series of forward-thinking initiatives and partnerships. The acquisition of Planck, an AI-driven insurtech firm, enhances Applied's capabilities in automating underwriting, risk assessment, and data analytics, thereby streamlining insurance workflows and improving decision-making processes. This move also establishes a new AI development center in Israel, expanding Applied's global innovation footprint. Complementing this, EZLynx, a subsidiary of Applied Systems, has introduced customer-centric features such as Quote By Text and AI-Powered Content Assist, which aim to enhance user engagement and operational efficiency. Ivans, another Applied entity, has updated its Marketing Insights solution, providing carriers and managing general agents with advanced analytics to identify growth opportunities and optimize distribution strategies. Furthermore, Applied's collaboration with Google, facilitated through CapitalG's investment, offers access to cutting-edge technologies in artificial intelligence, machine learning, and digital marketing. This partnership supports Applied's commitment to innovation and its mission to empower independent agencies and brokerages in the digital age. Collectively, these initiatives underscore Applied Systems' dedication to leveraging advanced technologies and strategic collaborations to drive growth and transformation in the insurance industry.

Applied Systems Risks and Challenges

Applied Systems' recent acquisition by private equity firms introduces several potential risks that could impact its strategic direction and operational stability. Private equity ownership often emphasizes short- to mid-term financial returns, which may lead to cost-cutting measures or shifts in long-term investment strategies, potentially affecting innovation and customer service. Additionally, such ownership structures can introduce complexities in governance and decision-making processes, possibly leading to conflicts of interest or misalignment with the company's original mission. In the broader insurance industry, similar private equity involvements have raised concerns about increased risk exposure due to aggressive investment strategies and the pursuit of higher yields, sometimes at the expense of financial stability.

Furthermore, the appointment of new leadership, such as a CEO for Applied Systems Europe, while potentially bringing fresh perspectives, also carries risks. Leadership changes can lead to strategic shifts that may not align with existing company culture or market expectations, potentially causing disruptions in operations or stakeholder relations. Such transitions require careful management to ensure continuity and to mitigate uncertainties among employees, customers, and partners. Overall, while these developments may offer opportunities for growth and innovation, they also necessitate vigilant risk management to safeguard Applied Systems' long-term success and industry standing.

Applied Systems Ecosystem, Partners, Resellers and SI

Applied Systems has cultivated a robust ecosystem through strategic partnerships and integrations, enhancing its capabilities in insurance distribution, digital transformation, and client servicing. The Ivans Distribution Platform, a division of Applied Systems, connects insurers, managing general agents (MGAs), and agencies, streamlining commercial lines policy lifecycles by supporting both straight-through processing and complex risk assessments. Partnerships with companies like InsureZone and QuoteWell expand access to carriers and MGAs, providing more coverage options for policyholders. Relay's integration offers instantaneous bindable quotes for business owner's policies from commercial carriers. In Canada, Applied Systems' collaboration with SNAP Premium Finance enables brokerages using Applied Epic to streamline insurance payments, enhancing customer experience through integrated workflows. Additionally, the expanded partnership with DocuSign integrates with Applied WealthTrack, allowing brokers to facilitate electronic signatures for clients, transcending time and device constraints, and significantly reducing administrative burdens. These integrations exemplify Applied Systems' commitment to providing innovative, cloud-based solutions that meet the evolving needs of the insurance industry.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: