Industry Trends & Insights
2 Minute Read
Date Published:
By: Brad Boyer
Industry Trends & Insights
2 Minute Read
Date Published:
By: Brad Boyer
At Ivans, we’re here to ignite connectivity for the industry with solutions that help you with appetite, sales and distribution, book roll and more. In the past year, we’ve launched new capabilities and have seen more agents and carriers embracing technology in their daily processes. Let’s look at our product enhancements and tech adoption by the numbers.
We’ve been delivering enhancements to Ivans Exchange™ and Ivans Download™ that improve the user experience, including allowing carriers to search for agents by agency code and more. Agents and carriers have increasingly seen value in the automation and efficiency they gain through Ivans Download this year, and the numbers show it:
>310 million
transactions were made through Ivans Download in 2023, sparking more agent-carrier communication and connectivity than ever before.
4,500
monthly Ivans Exchange users, increasing from 3,500 in July 2023.
We launched Ivans Bookroll™ for commercial lines in July 2023 and saw more book transfer activity throughout the year:
160%
growth in carrier participation on Ivans Bookroll.
455
agencies engaged in book rolls with our carriers through Ivans Bookroll.
8 Million
policy images were shared with our Ivans Bookroll carrier clients.
The Ivans Distribution Platform™ continued to grow, with the addition of new partners like Zywave, Mylo and InsureZone, the addition of cyber as a new line of business, and thousands of submissions:
2,000+
quoted submissions per month have come through the platform.
10%
growth increase in markets quoting through Ivans Distribution Platform.
More carriers and agents are embracing Ask Kodiak® as the tool to manage appetite and find the best coverage for their risks. With updates to support the NAICS codes, enhanced dashboard analytics and more, Ask Kodiak became even more popular:
30,000
classifications were mapped in 2023.
25%
increase in annual agent search volume.
550+
new agency accounts joined Ask Kodiak.
Ivans Insights™ for commercial lines launched in January 2023 and continues to expand, giving carriers and MGAs the agency insights they need. Early adopters include national and regional carriers, and MGAs. A recent implementation immediately commented on the time and money it will save their field marketing teams.
It was a great year, and we look forward to even more growth in 2024. Check out our latest product updates on the Ivans Product Hub and listen to 2023 reflections from Ivans CEO Reid Holzworth on the Insurance Technology Podcast.
Chief Product Officer
Brad Boyer, chief product officer, leads Ivans product and innovation teams. He brings vast technical and product experience from industries including HealthTech, genetics, startups, and automotive. Most recently, Boyer served as CTO of Volkswagen Automotive Cloud where he was responsible for driving digital innovation and delivering sustainable, autonomous, and connected mobility solutions across Volkswagen, Audi, Porsche, Bentley, and Lamborghini. Prior to this, he held various leadership roles within companies, including Microsoft, Delta Faucet, Dow, and Raytheon.
