AmTrust Partners with Appulate to Quote Workers’ Comp Policies

Topics: AmTrust News

AmTrust Financial has partnered with Appulate, a digital technology platform for insurance companies, to allow retail insurance agents and brokers to rate, quote and bind workers’ compensation policies in real-time.

Workers’ Compensation Rating, Quoting and Binding Platform

Appulate’s advanced technology paired with AmTrust’s innovative and market leading Digital API allows agents and brokers to obtain an instant quote for workers’ compensation policies. The workflow increases the speed at which AmTrust agents can provide a rate or quote to a current or potential client. Appulate’s platform simplifies and streamlines the rating, quoting and ultimately, the binding process.

The process begins in the agent or broker’s management system, where the Association for Cooperative Operations Research and Development (ACORD) data can be uploaded directly from their management system using Appulate’s bridging technology. ACORD provides hundreds of standardized documents used by the insurance industry to companies across the globe. If the agent is satisfied with the quote, they can also bind online to complete the transaction.

“We are continually looking for ways to ensure a frictionless experience for our wholesale partners and the agents they serve. Appulate’s technology reduces the time it takes to rate, quote and bind policies – saving valuable time for brokers and agents,” said Michael Lebor, Global Head of Digital Innovation at AmTrust Financial.

Automated Technology for Insurance Agents

Appulate’s technology bridges data from an insurance agent’s management systems into a highly automated workflow to minimize data entry and save time and resources. The platform streamlines the submission process for CSRs, Retail Agents, Carriers, and MGA’s, in a rate, quote, request to bind transaction, eliminating duplicate efforts while also creating an audit trail. Appulate’s vision is to automate the routine tasks in the insurance industry to reduce the workload and make the process easier for everyone.

Appulate has worked with hundreds of agencies, carriers and MGAs for over a decade to automate as much of the submission and underwriting process as possible. They have developed the ultimate platform that powers the digital aggregation of property and casualty business between independent insurance agents and insurance markets. Appulate’s platform automates:
  • Submission Intake
  • ACORD / Supplemental Creation
  • Smart Questionnaires
  • Instant Appetite Guide Notices
  • Document Upload
  • Signature Collection
  • Binding Online
“Delivering a real-time experience via API is the future,” said Dimitri Nikouline, Chief Technology Officer at Appulate. “Cutting-edge carriers like AmTrust are at the forefront of this new frontier.”

Workers’ Compensation Insurance From AmTrust

AmTrust is a leader in small business workers’ compensation insurance. We work closely with our agents and the small and mid-sized businesses they serve to design the specific workers’ compensation packages they need to comply and succeed. Contact us to learn how we can create a small business insurance package, including workers’ comp insurance for your organization.

This material is for informational purposes only and is not legal or business advice. Neither AmTrust Financial Services, Inc. nor any of its subsidiaries or affiliates represents or warrants that the information contained herein is appropriate or suitable for any specific business or legal purpose. Readers seeking resolution of specific questions should consult their business and/or legal advisors. Coverages may vary by location. Contact your local RSM for more information.

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