The use of third-party agency management systems is growing among participants in the excess and surplus lines sector of the property-casualty insurance industry, a recent survey shows.

The National Association of Professional Surplus Lines Offices, Ltd. in Kansas City, Mo., said its poll of wholesaler broker and MGA members found only 11 percent used in-house systems for agency management and accounting, with the rest using systems purchased from outside vendors.

NAPSLO noted that the in-house figure had dropped since 2003, the year of the last NAPSLO technology survey, when 20 percent reported using in-house systems or custom programs.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.