Reinsurance News

Applied Systems

Quarterly rate changes up across most major commercial lines: Applied Systems

22nd August 2022

Applied Systems, a global provider of cloud-based software that powers insurance businesses, has announced the second quarter 2022 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index. The company discovered that year over year, the average renewal rate change decreased from 9.12% in Q2 2021, to 8.95% ... Read the full article

Applied Systems’ acquisition of Tarmika to drive connectivity

18th August 2022

Ivans has announced that its parent company, Applied Systems, has acquired Tarmika – a leading commercial lines rating solution that streamlines small business insurance. The acquisition is set to expand Applied’s commercial quoting and Ivans’ distribution connectivity solutions to create a more valuable and digital distribution experience at each stage of ... Read the full article

National Personal Auto / Personal Property rates increase in all provinces: Applied Systems

15th August 2022

Applied Systems has announced the second quarter of 2022 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index. The rating company discovered that quoted premiums for both Personal Auto lines and Personal Property lines increased year over year and quarter over quarter. In Q2 of 2022, Personal Auto ... Read the full article

Quarterly rate changes experience downturn across most major commercial lines: Applied Systems

17th June 2022

Applied Systems has announced the first quarter 2022 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index. The company discovered that overall, across all industries of the most commonly placed commercial lines, rates were up relative to average premium renewals in the same quarter from last year, ... Read the full article

Canadian personal auto & property rates up through Q1

24th May 2022

The results of the latest Applied Rating Index by Applied Systems show that average premiums for both Personal Auto lines and Personal Property lines increased in Canada year over year in the first quarter of 2022. Quarter over quarter, premium renewal rate change decreased for Personal Auto and increased for Personal ... Read the full article

February marks increase for most premium renewal rates: IVANS

11th March 2022

IVANS, a division of Applied Systems, has released the February results of its insurance premium renewal rate index, which shows that nearly all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, premium renewal rates increased for lines of business including Business Owners’ ... Read the full article

Average premium renewal rate change flat across Canadian market in Q4: Applied Systems

3rd March 2022

Applied Systems, a provider of insurance technology and software, has reported that year-on-year, the level of premium rate change in Canada's commercial insurance market was flat across all lines in the fourth quarter of 2021. The fourth quarter and full-year 2021 results of the Applied Commercial Index™, the Canadian insurance sector's ... Read the full article