SFM Mutual Insurance Company Connects to Ivans Distribution Platform

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UNIVERSITY PARK, Ill., June 30, 2022 (GLOBE NEWSWIRE) — Ivans today announced that SFM Mutual Insurance Company has selected Ivans Distribution Platform, the industry platform designed to streamline the trade quote process, to provide more agents access to their employees. Compensation Product Offerings. Connecting to the platform will allow the carrier to reach Ivans network of 34,000 independent agents in their preferred quote apps, expanding opportunities for new business.

“As a specialty carrier, we’re always looking for new ways to expand our agency reach and make it easier to work with us,” said Dennis Logstrom, vice president of small business, SFM Insurance Company. “In conjunction with our current quoting process, connecting to the Ivans distribution platform gives us the opportunity to be in front of new agents to offer us quotes and submit risks directly into their daily workflows. “

Ivans’ distribution platform improves the entire business insurance policy lifecycle. Unlike point solutions available on the market, the platform supports both straight-through processing and more complex risks that require the attention of an underwriter. By using Ask Kodiak to identify market appetite as part of the process, the platform increases efficiency and bid volume and can reduce decline rates.

“The commercial line delivery ecosystem is finally modernizing, and we’re starting to see which tech-savvy carriers carry the torch for the rest of the industry,” said Reid Holzworth, CEO of Ivans. “Now that SFM has joined the platform, it will open up exciting new business opportunities for them and their agency partners, while further streamlining the quote and submission process.”

Ivans logos are trademarks of Applied Systems, Inc., registered in the United States

About Ivans

Ivans is where insurance companies, agents and AGs come together to grow their business. Every day, our 34,000 agents and 450 carrier partners connect to technology that enables them to better determine appetite and eligibility, quickly produce quotes, get accurate claims and commission updates, automatically share police data and connect with each other to generate new business. With easier ways to get the day-to-day work done, insurance professionals can open the door to more revenue without skipping complexity.

About SFM

SFM Mutual Insurance Company, headquartered in Bloomington, Minnesota, is a customer-owned mutual insurance company that provides workers’ compensation coverage. SFM primarily focuses on employers in Minnesota, Wisconsin, Iowa, Nebraska, South Dakota, Kansas, and Indiana. Beyond its main territory, SFM is licensed and operates in 27 additional states. SFM offers workers’ compensation insurance solutions for employers of all sizes, including claims and disability management, cost containment, legal support and third-party administration. For more information, visit www.sfmic.com.

Lauren Malcolm
[email protected]

Source: Ivans