University Park, Ill. (PRWEB) February 10, 2015
Applied Systems today announced that NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions, has selected Applied EpicOnline as the company’s next-generation platform to support continued growth across its property & casualty insurance business and supporting operations. Applied Epic is the insurance industry’s fastest-growing agency and brokerage management system.
“As a result of our ongoing expansion, we need to consolidate our systems onto one platform with greater scalability for our entire company,” said Terry Scali, executive vice president of NFP and chief executive officer of the NFP property & casualty division. “Applied EpicOnline allows us to offer comprehensive solutions to our clients with a system that provides complete visibility into our property & casualty business. It enables us to streamline operations, more effectively recognizing revenue opportunities and better serving our customers.”
“Globally, the insurance industry continues to consolidate through mergers and acquisitions, enabling agencies and brokerages to expand their reach and capitalize on new opportunities,” said Reid French, chief executive officer, Applied Systems. “As the industry’s choice for fast-growing, acquisitive agencies and brokerages, Applied EpicOnline will provide NFP a single system to manage its entire property & casualty insurance services business, driving greater value and operational efficiencies to support the company’s continued growth.”
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About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. Recognized as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, Applied is the world’s largest provider of agency and brokerage management systems. Automating the insurance lifecycle for more than 12,000 agencies and brokerages and 350 insurers worldwide, Applied enables millions of people around the world to safeguard and protect what matters most.
National Financial Partners Corp. (NFP) is a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions to companies and high net worth individuals.
NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, property & casualty insurance, and retirement plans. The Individual Client Group provides retail and wholesale life insurance brokerage and wealth management advisory services. Advisor Services Group supports independent financial advisors by offering broker/dealer and asset management products and services.
Most recently, NFP was ranked by Business Insurance as the fifth-largest benefits broker by global revenue, fourth-largest U.S.-based privately owned broker and 11th-largest broker of U.S. business. Plan Sponsor has named NFP the fifth-largest executive benefits provider of nonqualified deferred compensation plans by number of plans. The company also operates a top 10 independent broker/dealer as ranked by WealthManagement.com.
For more information, visit http://www.nfp.com.