The entire back and front office is now in the hands of the user of the system.
#Abacus insurance company software
The APM Platform software development team has created software that provides a seamless transaction. Darren Lewin, Abacus vice president, programs division, says, “Brokers are no longer willing to accept partial solutions but are insisting that technology enable them to complete the entire insurance transaction including policy delivery and payment by the customer at the same time. This consumer demand is driving the increased automation effort. The increased demand for immediate response is coming from brokers who are being pressured by their clients who no longer understand why the insurance transaction is so complicated and time consuming. Since the APM Platform’s initial release in 1998, Abacus has experienced sustained and consistent growth in its online delivery channel. Abacus is using its proprietary software, the APM Platform, to create a national footprint in the specialty program arena, enabling brokers to complete the entire transaction, including policy assembly and immediate download. Brokers and agents are making it very clear that their ability to transact business online greatly improves their hit ratios and profitability.Ībacus Insurance Brokers, Inc., is rapidly developing a reputation for effectively converting non-Web-based insurance products to efficient delivery via the Internet. The speed of online quotes and policy deliverance is vastly improving the public’s perception of insurance companies and their distribution plant. Insurance companies are realizing that partnering with independent online developers enables more brokers to purchase more insurance products online than ever before. The insurance industry is becoming more Internet savvy. Target Markets Program Administrators Association
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