UNIVERSITY PARK, ILL., Sept. 16, 2014 (GLOBE NEWSWIRE) -- Applied Systems today announced that HUB International Limited, one of the largest insurance brokers worldwide, has selected Applied Epic to standardize operations on a single platform for HUB's global property and casualty business.
"The commitment we made to consolidate onto Applied Epic is a natural step in our business transformation initiative by establishing a single view into our business with consistent reporting companywide," said Martin Hughes, chairman and chief executive officer, HUB International. "Applied Epic will enable us to manage our rapidly expanding global footprint as we acquire new businesses and strengthen our position to serve more clients worldwide in today's competitive insurance marketplace."
Applied Epic provides agencies and brokerages a single system to manage customer relationships, policy administration and financial accounting processes across their business. The system delivers a comprehensive view of client information and internal operations, enabling users to capitalize quickly on opportunities to build more profitable client relationships, increase productivity and drive business value.
With Applied Epic, HUB International will be able to:
- Increase visibility – greater transparency and standardized data for consistent reporting and company-wide evaluation, delivering strategic insight to improve productivity and increase cost efficiencies
- Strengthen business continuity – implementation of uniform business processes to increase business consistency and agility, providing more efficient workload balancing across geographical boundaries and lines of business, particularly in disaster response situations
- Reduce IT support costs – consolidation onto a single platform to lower IT support costs and quickly integrate new businesses as the company continues to expand globally
"Our partnership with Applied Systems provides the technology and expertise we need to support this strategic business initiative," said Barry Cordeiro, chief information officer, HUB International. "We continue to collaborate closely with Applied Systems on implementation of Applied Epic for a standardized system that will increase productivity and better service our customers, communities and colleagues."
"Increasing consolidation and competition within the insurance agency market are driving brokerages to transform their businesses with systems that provide greater consistency and enhanced business insights to strengthen client relationships and drive business growth," said Reid French, chief executive officer, Applied Systems. "Applied Epic will enable HUB to increase its ability to quickly and proactively address the needs of its regional operations while centrally managing business growth with consistent processes across its entire enterprise."
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. Applied is recognized as a pioneer in agency and brokerage management systems and data exchange between agencies, brokers, carriers and their clients. Automating the insurance lifecycle for more than 140,000 insurance professionals, 12,000 agencies and brokerages, and 350 carriers worldwide, Applied enables millions of people around the world to safeguard and protect what matters most.