Insurance Agents Accelerate Automation Adoption, According to Kaplan Compliance Solutions

Indianapolis, IN - 18 May 2009

Kaplan Compliance Solutions (KCS), a leading provider of services and technology solutions for the insurance and securities industries, announced today that agency clients processed a record number of contracts using Kaplan’s Efficient Contracting Solutions™ (ECS™), signaling increased adoption of automation solutions that reduce paper usage and increase accurate data collection.

During March 2009, approximately 400 agencies processed more than 11,700 contracts, a 23.3 percent increase over March 2008. From 2006 to 2008, ECSâ„¢ contracts are up 36.7 percent and are increasing every month.

“Historically, insurance agents have been slow to adopt technology,” said Zach McCoy, Senior Vice President, Operations & Finance, Kaplan Compliance Solutions. “However, as more tech-savvy agents enter the workforce they are embracing automation and the environmental benefits that automation brings. Our trends show that this is taking place.”

ECS™ is an industry-leading forms solution for agent contracting. Through a web-based Intelligent Interview™, ECS™ is the key to accurate data collection and transmission for flawless agent contracting. ECS™ can populate carrier-required forms and then bundle them with licenses, errors and omissions coverage, and background information. Unlike most other forms solutions, ECS™ transmits agent and distributor data to carriers’ legacy systems and other vendor systems. This eliminates redundant and inefficient paper-based activities while minimizing human workload and errors.

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