Filed Under:Markets, Commercial Lines

The Real-Time Divide: Small Agencies That Don’t Cross It Could Die

Bob Blitshtein, president and CEO of Insurance Data Processing (IDP), likens the current technology landscape to a battlefield—one where small independent agents are in danger of being annihilated by much larger, better-armed competitors.

Having invested many tens of millions of dollars into technology over the past few years, large underwriters have developed tremendous competitive advantages, perhaps foremost among them the ability to write personal-lines business in real time. 

BRIDGING THE GAP

Applied Systems Inc. came up with its own, initial answer to the bridge-building problem back in 1999 with Transformation Station—a link between carriers’ and agents’ data-management systems.

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