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Applied Systems acquired SEMCAT, a vendor of comparative rating technology in the U.S. Applied Systems will integrate the rating technology into its TAM or EPIC agency management systems for real-time exchange of policy ratings and improved operational workflows. “SEMCAT has the broadest set of carriers in lines of business of any comparative rating provider,” says Reid French, chief executive officer for Applied Systems. “It has more than 500 insurance carriers that they provide rates for. We have customers in every single state and every city of magnitude. So having broad access to rates regardless of line of business, carrier or location is really important to us.” SEMCAT will be rebranded as Applied Rating, and its offices in Lincoln, Neb., will act as Applied System’s office for comparative rating in the U.S., French says.

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