Why the distribution channel makes this a competitive battleground
Independent agencies handle roughly 87% of US commercial P&C premium, according to the Independent Insurance Agents and Brokers of America’s Agency Universe Study, making Applied Epic’s user base the dominant distribution path for the commercial lines this capability targets. That scale is why renewal automation has become a competitive battleground among insurtechs. Quandri, a rival AI platform focused on agency renewal workflows, has recently expanded its own integrations to Vertafore’s AMS360 and HawkSoft, adding to an existing Applied Epic integration and extending renewal automation to thousands of agencies across multiple agency management systems. Applied Systems’ submissionless capability, anchored by Travelers, is a direct response to that competitive pressure in the agency workflow automation space.