How Big Tech Flirted with Insurance in 2018

Article 0 Comments The almost weekly headlines about insurers and venture capitalists investing in insurtechs and tech-savvy insurance startups sometimes blocked the view of what established big technology firms were doing in insurance. During 2018, giant technology firms Google and Amazon showed renewed interest in insurance and generated speculation about […]

Applied Systems Among Firms Layering Loans to Pay Equity Owners

Article 0 Comments First the companies tapped the loan market. Not long after that, they came back for more. Corporations like Bausch Health Cos., a drugmaker, telecom provider Sprint Corp. and Applied Systems Inc., an insurance software provider, borrowed again this month after getting financing in the loan market. Their […]

Google ‘Definitely’ Interested in Other Insurtech Investments Following Applied Systems

Article 0 Comments Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on Oct. 17. “We really like the market,” said Jesse Wedler, a principal with CapitalG, the growth […]

Applied Systems Acquires Benefits Software Firm Dynamis

Article 0 Comments Fresh off its announcement of Google becoming a minority investor, insurance agency technology provider Applied Systems announced it has acquired Dynamis Software Corp., a Milwaukee-based provider of employee benefits software. This acquisition expands Applied System’s employee benefits offerings. The firm said it is committed to making further […]

Google Invests in Insurance Agency Software Firm Applied Systems

Article 0 Comments Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made through CapitalG, the growth equity investment fund of Google’s parent Alphabet, which has also financed companies […]

How, Why and Where Insurance Agencies Should Use Data Analytics

Article 0 Comments As the data insurance agencies and brokerages continues to grow, agency managers are faced with having to answer how, why and where they can successfully analyze and use all of this data. The answer to the “why” is simple: To grow a profitable agency book of business. […]