Going for an Improved Commercial Lines Quoting Experience to Achieve Efficient Insurance Operations

There is plenty that human beings can do well, but at the same time, they do nothing better than growing under all circumstances. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Applied Systems, the leading global provider of cloud-based software, has officially announced CHI Insurance Agency’s decision to leverage Tarmika, an industry’s leading commercial lines quoting tool that the former acquired, to streamline and digitize its workflows from every angle. Also equipped with means to unlock new opportunities for their business on a day-to-day and holistic level, Tarmika will essentially aid CHI Insurance’s case by minimizing data entry, saving a good chunk of their agents’ time, and reducing errors. Not just that, it will also deliver at the company’s disposal an uninterrupted access to a broader set of markets, something which should help CHI Insurance to find the best possible solution for their clients. Talk about the tool at the heart of this whole development, Tarmika is a single-entry commercial lines quoting application designed to ensure that agencies are able to simultaneously quote multiple small commercial markets using their Direct and Market Access carrier appointments. Furthermore, as it is directly integrated with Applied Epic and EZLynx, agents can easily pass key risk data points between applications to streamline the quoting process, and guess what, they can do it all while tracking activities and important quoting details directly within from the management system. If we were to translate the whole value proposition into simplest form, we can say Tarmika makes it possible for agents to collect and store data, find in-appetite markets, quote, and submit to multiple insurers or MGAs in a single workflow. Such a capability, on its part, has shown to birth a relatively better connected commercial lines quoting experience, which like you might guess, pushes the productivity and speed to market of any company that chooses to bank upon it.

“As a primarily personal lines-focused agency, we began to notice some disruption in the industry and felt we needed to do something different to grow our business,” said Patrick Asselin, president of CHI Insurance Agency, Inc. “We found a lot of success in small commercial properties and needed to get the right tools in place to take full advantage of these new opportunities. Tarmika was the best solution for us because it not only creates the efficiency we need to be successful, but it comes highly recommended by the markets we currently work with.”

Another detail improving the prospects of this collaboration is Applied Systems’ own technological stature. You see, recognized as a pioneer in insurance automation, the company is currently the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, and even across several other countries.

“Agencies navigating a hard insurance market are looking at ways to diversify their book of business to grow through uncertain economic times,” said Raghav Tanna, SVP of small commercial lines at Applied Systems. “By expanding into commercial lines with Tarmika, CHI Insurance Agency, Inc. will be able to provide an enhanced client experience and reach the right markets more quickly so they can expand into new lines of business and future proof their business.”