The acquisition in 2022 prompted the change.
Applied Systems has released its business insurance app, Tarmika Insured, which is embedded.
With Tarmika Insured, agents may incorporate online commercial line quotations at the time of sale.
According to a news release shared with Insurance Business by Applied, agencies may develop a simpler and “more connected” commercial lines quoting experience, which is said to increase productivity and speed to market, with consumers receiving premiums in real time.
Tarmika’s main selling points are its instantaneous, bindable quotations, streamlined application questions, and interaction with carrier markets.
Agents can now quote more markets and transmit the data back into the agency management system thanks to an integrated consumer-led and agent-led workflow.
Branding for businesses and agencies.
Embedded quotation applications can be configured on a company’s existing website or a dedicated landing page with the help of the team, as stated by Applied. Raghav Tanna, Applied Systems’ senior vice president of commercial lines, remarked, “Consumers today are accustomed to purchasing services on their own across many industries, and insurance has lagged behind this trend for far too long.” A better client experience and more profitable prospects for agencies and carriers are the results of “Tarmika Insured getting agents’ trusted advice and commercial lines quotes in front of insureds in a simpler, digital way.”
It was stated in August 2022 that Applied would be purchasing a commercial line rating system.
Last year at this time, we had just announced our purchase of Tarmika, the industry’s best commercial lines quotation program, and our promise was that we would be better together’, Applied Systems CEO Taylor Rhodes said during a keynote address at Applied Net 2023. As an example, “[the promise was] to take the wonderful innovation of Tarmika and more tightly integrate its capabilities into our core systems while continuing to extend the carrier products available to you on the platform so you can go to business faster and win more often.
I’m happy to report that we’ve kept our word.
According to Rhodes, the insurance software company has made it its “mission to solve the commercial lines distribution challenge” and develop a “fully digital roundtrip of insurance.”