Applied Systems acquires Policy Works

Applied Systems announced Tuesday it has acquired Policy Works, a major platform for commercial lines business in Canada.The acquisition will extend Applied’s position within the commercial lines market segment, driving greater connectivity and automation for commercial lines brokerages and insurers in the Canadian marketplace, Applied said in a press release.“As Canada’s leading provider of broker management systems, rating services and connectivity solutions between brokers, insurers and their clients, Applied’s acquisition of Policy Works will enable tighter integration between the combined company’s solutions to drive significant value for our customers,” said Taylor Rhodes, CEO of Applied.

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