Posts from Policy Works

Posted by Policy Works on October 15, 2019

Applied Systems Acquires Policy Works

University Park, Ill.  Oct. 15, 2019 – Applied Systems today announced the acquisition of Policy Works, the leading platform for commercial lines business in Canada. This acquisition expands Applied’s commercial lines solutions and demonstrates the company’s commitment to advancing connectivity between brokerages, insurers, and the insured to create greater value for all stakeholder of the insurance lifecycle.

“In today’s competitive and complex business environment, commercial insurance customers expect more risk management services and advice, in  a growing insurance segment where the proposition of a broker is increasingly important,” said Taylor Rhodes, chief executive officer, Applied Systems. “As Canada’s leading provider of broker management systems, rating services and connectivity solutions between brokers, insurers and their clients, Applied’s acquisition of Policy Works will enable tighter integration between the combined company’s solutions to drive significant value for our customers.” 

Policy Works provides point-of-sale solutions that allow brokers to instantly create legally binding commercial lines policies. Policy Works’ P&C Issuance module for Lloyds  coverholders provides the capability  to issue Lloyd’s policies instantly, utilizing a full library of proprietary P&C wordings, and producing declaration sheets that adhere to Lloyd's branding requirements for subscribed and non-subscribed policies. Applied is committed to further integrating Applied Epic, Applied TAM, and Applied Rating Services with Policy Works.

“In the digital age of insurance, brokerages require an integrated technology strategy to increase connectivity between insurers and insureds while automating workflows for greater efficiencies,” said Kevin Campbell, chief executive officer, Policy Works. “This acquisition provides our customers with access to new innovation, resources and scale to become digital brokerages and further accelerate growth of their businesses.”

For more information on this acquisition, please click here.

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Posted by Policy Works on October 19, 2017

Policy Works and Surety Source partner on integrated point-of-sale surety product solution

Policy Works Inc., Canada’s leading provider of commercial lines solutions, and Surety Source, a surety MGA that provides surety products to insurance brokerages across Canada and beyond, are pleased to announce the release of an integrated surety solution that allows brokers easy access to a full suite of surety bonds directly from the Policy Works platform.

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Posted by Policy Works on October 16, 2017

Totten selects Policy Works to issue commercial policies

Policy Works Inc. is excited to announce that Totten Insurance Group (Totten) has selected Policy Works as its commercial policy production system.

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Posted by Policy Works on August 16, 2017

Policy Works and FIRST Insurance Funding of Canada Expand Their Integrated Payment Solutions

FIRST Insurance Funding of Canada (FIRST Canada), the industry leader in insurance payment solutions and Policy Works, the leading vendor of commercial lines software, are pleased to announce they have expanded the capabilities of their integrated payment solutions.

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Posted by Policy Works on April 6, 2017

C.J. Campbell selects Policy Works as its Lloyd's Issurance Platform

Policy Works Inc. is pleased to announce that C.J. Campbell Insurance has selected Policy Works as its platform for issuing Lloyd’s policies.

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Posted by Policy Works on February 23, 2017

Policy Works and AEGIS renew strategic partnership

Policy Works Inc. and AEGIS London (AEGIS) are pleased to announce that they have renewed their Canadian strategic partnership for 2017. Through this partnership, AEGIS and Policy Works provide a proven platform to help coverholders quote, bind, and issue and upload policies to the Lloyd's Canada System. The “Point of Sale" solution from Policy Works provides efficiency and ease of doing business.

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Posted by Policy Works on February 22, 2017

Pier Luc Laurin joins Policy Works as Sales Executive

Policy Works Inc. is excited to announce the appointment of Pier Luc Laurin to Sales Executive in Quebec. As Sales Executive, Pier Luc will be responsible for working with independent brokers who want to grow their commercial lines business.

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Posted by Policy Works on January 9, 2017

Groupe Ultima selects Policy Works as its commercial-lines platform

Groupe Ultima is pleased to announce the establishment of a strategic partnership with Policy Works Inc. This new relationship enables Groupe Ultima to provide its members with the Policy Works platform, the Canadian industry’s leading software solution for brokers to manage and grow their commercial-lines portfolios. Moreover, it contributes greatly to the foundation of a new integrated technological ecosystem offered by Groupe Ultima.

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Posted by Policy Works on July 7, 2016

Policy Works Inc. Selects FIRST Insurance Funding of Canada to Provide Point of Sale Payment Solutions

Policy Works Inc., Canada’s leading provider of commercial lines solutions, and FIRST Insurance Funding of Canada (FIRST Canada), the insurance industry leader in payment solutions, announced a new partnership pioneering integrated payment solutions directly from the Policy Works platform. With this integration, all Policy Works brokers will have the ability to provide FIRST Canada payment options to their commercial insurance clients and prospects at the point of sale. Brokers will be able to effortlessly offer their insureds flexible payment options with pre-approved terms and competitive rates.

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Posted by Policy Works on June 20, 2016

Lussier Dale Parizeau selects Policy Works for commercial growth

Policy Works Inc. is pleased to announce that Lussier Dale Parizeau has chosen the Policy Works commercial management system for its entire commercial-lines portfolio.

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