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
On October 24, 2023, Applied Systems launched Tarmika Insured, an embedded commercial insurance quoting application for real-time premium calculations. Throughout 2023, Ivans introduced Ivans Bookrollâ„¢ for Commercial Lines, enabling secure data transfer and online book analysis, and Ivans Insights, a business intelligence solution providing targeted agency insights through Marketing Insights.
On October 3, 2022, Applied Systems launched Applied Pay, a natively integrated digital payments solution designed exclusively for insurance. Now accessible to Applied Epic and EZLynx agencies in the North American market, Applied Pay has garnered early adoption due to its modern, cloud-based hub that simplifies payment processing, accelerates premium collection, and reduces overall operating costs.
In August 2021, Applied released New Applied Marketing Automation Innovation. New capabilities to provide more automation and content choice for sales and marketers to target the right audience with the right message at the right time.
Applied Systems Mergers and Acquisitions (M&A) Activities
In strategic moves, Applied Systems expanded its presence through acquisitions. On December 6, 2022, Applied Europe acquired Riskhandler to enhance commercial distribution capabilities in the Republic of Ireland and the United Kingdom. Similarly, on August 16, 2022, Applied Systems acquired Tarmika, a leading commercial lines rating solution, aligning with its goal of a fully-digital roundtrip for agents and carriers. These complement previous acquisitions, including EZLynx in March 2021, which expanded Applied's portfolio, and Indio Technologies, Inc. in December 2019, emphasizing its commitment to digitizing the end-to-end commercial lines submissions process for greater automation and value.
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 Overview
200 Applied Parkway
University Park, IL, 60484, United States
1 708-534-5575
https://www.www1.appliedsystems.com/
Ownership: - Hellman & Friedman and JMI Equity
Number of Employees: 2500
Functional Markets: Analytics and BI, CRM, ERP Services and Operations,
Key Verticals: Life Insurance, P&C Insurance, Specialty Insurance,
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:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
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
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Applied Systems Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
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
In a dynamic landscape, Applied Systems and EZLynx, are driving innovation in insurance technology. EZLynx's recent advancements focus on customer-centric acceleration, including groundbreaking features like Quote By Text and AI-Powered Content Assist. Ivans, another player in the Applied family, enhances channel insights for carriers through Marketing Insights updates.
Applied Systems' strategic collaboration with Google propels its transformation, adopting cutting-edge technologies like AI and open API. IVANS Benchmarks, introduced in 2020, reshapes pricing strategies with AI-driven premium benchmarks. CapitalG's investment in 2018 not only brought financial backing but also access to Google's expertise. These moves collectively position Applied Systems and its affiliates at the forefront of reshaping the insurance technology landscape.
Applied Systems Risks and Challenges
Following a recent acquisition by private equity firms, Applied Systems is poised to assess its standing in the evolving insurance landscape, marked by the widespread adoption of cloud applications by carriers and brokers. This strategic evaluation comes at a pivotal time, reflecting the company's commitment to staying competitive amid industry transformations.
Additionally, the appointment of Andy Fairchild as the CEO of Applied Systems Europe in February 2020 signals a potential shift in strategy and growth focus for the company in the European market. These developments underscore Applied Systems' adaptability and strategic responsiveness to industry dynamics.
Applied Systems Ecosystem, Partners, Resellers and SI
In a dynamic move, Ivans, on August 15, 2023, forged a partnership with InsureZone, propelling operational efficiency and expanding coverage options for agencies through the Ivans Distribution Platform. A parallel collaboration with QuoteWell on May 30, 2023, broadens access to carriers and MGAs, amplifying coverage choices for policyholders. Notably, Relay, a digital transformation solutions provider for commercial insurance submissions, went live on the Ivans Distribution Platform on March 29, 2023, offering instantaneous bindable quotes for business owner's policies from commercial carriers.
Switching gears to Applied Systems, June 2021 witnessed the addition of SNAP Premium Finance to its Applied Partner Program. This strategic move allows Canadian brokerages using Applied Epic to streamline insurance payments, enhancing customer experience through integrated workflows.
In a tech-savvy leap in March 2020, Applied Systems expanded its collaboration with DocuSign. The integration with Applied WealthTrack empowers brokers to facilitate electronic signatures for clients, transcending time and device constraints, and significantly reducing administrative burdens.
Applied Systems Cloud Infrastructure Insights
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- Applied Systems Public Cloud and Infrastructure (IaaS)
- Applied Systems Platform (PaaS)
- Applied Systems Application Delivery
- Applied Systems Private Cloud and Data Centers
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:
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