Tampa, FL (PRWEB) February 09, 2016
IVANS Insurance Solutions, a division of Applied Systems, today announced that NYCM Insurance has selected IVANS Connect to manage all download and real-time services. NYCM will also provide agency partners with commercial and personal download services via IVANS and position the business for enhancements to include Dwelling Fire, Business Owners Policy, and ACORD eDocs and ACORD Messages downloads.
“As we looked to drive growth through our agency distribution channel, we recognized a need to unify our agency interface technologies around a single partner, single solution approach,” said Bryce Frederick, agency interface supervisor, NYCM Insurance. “Leveraging IVANS best-of-breed solutions and implementations, we will speed up time-to-market for new offerings while reducing time and expense spent managing connectivity with our agency partners.”
IVANS is the industry standard for connectivity and data exchange between carriers and independent agencies in the property and casualty insurance industry. IVANS Connect is a software platform that enables P&C insurance transactions across the agency distribution channel and other business partners through efficient data translation and integration. IVANS Connect provides carriers and MGAs with one platform to manage both download and real-time using ACORD AL3 and XML for personal, commercial, workers’ compensation and specialty/program lines of business. In addition, IVANS Connect is leveraged to reach third-party information providers, state regulatory authorities or move data between any disparate systems. The use of Standards, coupled with the service oriented architecture of IVANS Connect, provides a scalable solution to meet current and future business needs.
“With the increasing pace of business in the insurance industry, carriers continue to evaluate ways to automate connectivity and data exchange across all of their channels – including distribution partners,” said Thad Bauer, vice president and general manager, IVANS Insurance Solutions. “Building on their current download services, IVANS Connect will enable NYCM Insurance to support a complete cycle of information exchange to their agency channel, improving their partner experience by expanding service offerings and reducing administrative tasks.”
IVANS Download automates the generation and delivery of ACORD transactions, including personal and commercial lines policy, claims, ACORD eDocs and ACORD Messages and other policyholder-related information from carriers to agencies and MGAs based on the latest ACORD data standards, enabling carriers and agencies to focus more on the business of insurance by improving productivity through automated exchange of information. IVANS Download drives greater efficiency and connectivity between carriers and their agencies and MGAs and ensures that current, accurate information is continually available throughout underwriting and servicing.
IVANS Real-Time provides an end-to-end integrated and secure solution for carriers and MGAs to manage and process real-time transaction data to interact seamlessly with any agency system using IVANS Real-Time, Vertafore TransactNOW®, comparative raters, MGA systems and other systems. With IVANS Translation for Real-Time services, carriers have a single processing engine for handling all real-time solutions, reducing implementation and support costs.
About IVANS Insurance Solutions
IVANS Insurance Solutions, a division of Applied Systems, is the property and casualty insurance industry's partner and trusted technology leader for advanced carrier-agency-MGA information exchange. IVANS makes insurance business easier with secure information exchange, data translation and managed connectivity solutions that deliver efficiency and better customer service capabilities to carriers, independent agencies and MGAs. More property and casualty insurance companies rely on the IVANS platform than any other company to create greater value from information exchanged in insurance business.
About New York Central Mutual Insurance
NYCM Insurance is a property and casualty insurance carrier that has been providing coverage to residents and businesses in New York since 1899. The company offers automobile, homeowner, mobile home, umbrella and commercial policies and is rated A+ by A.M. Best Company. For more information, call 1-800-234-6926 or visit http://www.nycm.com.