Coterie Expands Market Opportunities with IVANS Distribution Platform
June 15, 2021
Managing general agent to gain access to largest network of independent agents for commercial lines marketing and sales distribution
TAMPA, Fla. – June 15, 2021 – IVANS Insurance Solutions® today announced that Coterie, the technology company committed to simplifying digital small business insurance, has connected to the IVANS Distribution Platform, the industry’s platform for commercial lines marketing and sales distribution. Coterie will gain access to the IVANS network of independent agents as well as those agents connected to IVANS’ distribution partners, exponentially expanding its opportunities for new business.
“Coterie set out to simplify commercial insurance using digital tools, which is why connecting to the IVANS Distribution Platform is such a good fit for us,” said Raymond Lynch, vice president of Growth, Coterie. “By automating market appetite and enabling agents to digitally submit risk data to us for quoting, IVANS Distribution Platform makes it easier and faster for agents to work with us, creating more opportunities for us to win new business.”
IVANS Distribution Platform improves the entire commercial lines policy lifecycle. Unlike point solutions available in the market, IVANS Distribution 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, IVANS Distribution Platform increases efficiencies and submission volume and can lower declination rates. By supporting a broad set of commercial line types, the platform provides valuable data insights for insurers and MGAs to review submission and quote details against industry benchmarks.
“Independent agents and MGAs recognize that there are better ways to work better together, and there hasn’t been the technology in place to do so until now,” said Reid Holzworth, chief executive officer, IVANS Insurance Solutions. “By connecting to the IVANS Distribution Platform, Coterie gets more front and center with agencies, allowing them to increase their submission and win rates while also getting great agency traction and relationships.”
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IVANS, a division of Applied Systems, 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 33,000 independent insurance agencies and 430 MGA and insurer partners to enable millions of people to safeguard and protect what matters most in people’s lives.
Coterie is on a mission to make business insurance easy. Through tech-based business insurance solutions, Coterie delivers simpler coverage, more accurate pricing, and a streamlined experience. By enabling the instant quoting and issuing of policies as well as a 100% digital underwriting process, agents and brokers are able to simplify and digitize their operations to better serve small businesses. Digital insurance platforms are able to leverage Coterie’s simple, easy to integrate APIs, to further streamline the quoting and binding experience. Coterie’s expansive appetite is the most inclusive for the small businesses of today. For more information on Coterie and the digital transformation of small business insurance, go to www.coterieinsurance.com.
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