UNIVERSITY PARK, Ill., June 24, 2014 (GLOBE NEWSWIRE) -- Applied Systems today announced that the company once again received recognition for growth in Gartner's "Market Share Analysis: Insurance Vertical-Specific Software" report. Report data indicates that Applied Systems is outpacing other agency management system providers by a considerable margin as measured by percentage change in 2013 revenue.
"We believe this Gartner report validates our continued growth and market share gains in the insurance industry," said Reid French, CEO, Applied Systems. "Applied Systems' continued success is fueled by our relentless focus on innovation and our unmatched professionals who are enabling our customers to be more successful, both now and in the future, through industry-leading technology."
Applied Systems' growth is the result of rapidly increasing sales of Applied Epic, increased customer adoption of the company's online self-service application, Applied CSR24, improved carrier connectivity resulting from the company's acquisition of IVANS, and continued global expansion into the UK.
About Applied Systems
Applied Systems is a leading provider of software that powers the business of insurance. Applied is recognized as a pioneer in agency and brokerage management systems and data exchange between agencies, brokers, carriers and their clients. Automating the insurance lifecycle for more than 140,000 insurance professionals, 12,000 agencies and brokerages, and 350 carriers worldwide, Applied enables millions of people around the world to safeguard and protect what matters most.
Note: Gartner "Market Share Analysis: Insurance Vertical-Specific Software, 2013" by Derry Finkeldey, Jennifer Mazzucca, April 17, 2014, is available from Gartner at http://www.gartner.com/doc/2712517.