Why does the distribution channel make it a competitive battlefield?
According to the Agency Universe Study of the Independent Insurance Agents & Brokers of America, independent agencies handle approximately 87% of U.S. commercial P&C premiums, making Applied Epic’s user base the prime distribution path for commercial lines targeting this capability. That’s why renewal automation has become a competitive battleground among insurance companies. Quandry, a rival AI platform focused on agency renewal workflow, recently expanded its own integrations into Vertfor’s AMS360 and HawkSoft, adding to the existing Applied Epic integration and expanding renewal automation to thousands of agencies across multiple agency management systems. Applied Systems’ submissionless capability, powered by Travelers, is a direct response to competitive pressures in the agency workflow automation space.
