Appulate Inc. Company Market Research Report
Company Overview
Name: Appulate Inc.
Mission: To simplify insurance by automating routine tasks to reduce workload and make this business easier for everyone.
Founding and Key Details
- Founded: 2005
- Founders: Jeff Harris (President and Co-Founder) and Dimitri Nikouline (Chief Technology Officer and Co-Founder)
- Location: Westlake Village, CA
- Current Headquarters: 30700 Russell Ranch Road, Suite 250, Westlake Village, CA 91362
Key People
- Jeff Harris: President and Co-Founder
- Dimitri Nikouline: Chief Technology Officer and Co-Founder
- Notable Mentions: Michael Fedosov, Alexander Pushkin, Vladimir Gorunov
Employees
- Number of Employees: Approximately 120
Financial Information
- Revenue: Information not available
- Premium Bound Annually: $1B+
- Net New Premium: $70M
- Reduction in Cycle Time: 50-99%
Overview
Appulate is known for its innovative approach in the insurance technology space, providing solutions that automate the insurance submission process, thus increasing efficiency for insurance agents, carriers, and MGAs. They offer bridging technology to streamline data handling across various stakeholders in the insurance industry.
Products
Overview of Offerings
Appulate offers a variety of products aimed at improving digital processes in the insurance industry. Some of their key products include:
1. Application Submission Automation
2. Rate > Quote > Bind Automation
3. Digital Distribution
4. InsuredConnect
5. Automated Appointments and Billing
Detailed Description
1. Application Submission Automation:
- Description: Automates the process of submitting applications from agents to carriers.
- Key Features: Direct submission via API, visibility and integration with 300K agents, and instant rating.
2. Rate > Quote > Bind Automation:
- Description: Streamlines the process from rating to binding for insurance applications.
- Key Features: Real-time rating, quick binding from the portal, and managing legacy email applications.
3. Digital Distribution:
- Description: Provides a platform for distributing insurance products through digital means.
- Key Features: Submission from 80+ Agency Management Systems, ad engine integration for cross-selling, and professional marketing support.
4. InsuredConnect:
- Description: Integrates with agents' websites to collect information directly from the insured, updating it automatically within Appulate.
- Key Features: Dynamic and automated data collection, real-time updates, and seamless integration.
5. Automated Appointments and Billing:
- Description: Facilitates the automatic handling of agent appointments and billing processes.
- Key Features: Agency billing, custom markup options, self-service billing, and automated data entry elimination.
Recent Developments
New Product Launches and Enhancements
- Appulate 13th Generation: Launched Enhanced Quoting and Submission Tools. Key enhancements include:
- Dynamic quoting extension for agency websites.
- Streamlined accounting with QuickBooks Integration.
- Introduction of InsuredConnect for better data collection and transparency.
Partnerships and Market Expansion
- Carrier Integration: Connected with 150+ Carrier PAS systems.
- Agent Network: Consists of over 300K agents using the platform for streamlined submissions and enhanced workflow.
- Market Reach: 80% of independent agents in the United States use Appulate for submission automation and digital distribution.
Summary
Appulate Inc. continues to be a pioneer in automating and simplifying the insurance submission process, creating significant value for agents, carriers, and MGAs alike. With ongoing innovations like the latest Appulate 13, the company maintains its role as a key player in the digital transformation of the insurance industry.
For more information, visit [Appulate Inc.](http://www.appulate.com) or contact their sales and support teams directly.
