AVYST Secures Investment and Distribution Agreement with IIANC
Aurora, Colorado. July 5, 2017 – Wave Insurance Technologies, Inc. d/b/a AVYSTTM (“AVYST”), today announced it has secured an investment and Distribution Agreement with the Independent Insurance Agents of North Carolina (“IIANC”). AVYST is providing the first fully integrated, cloud-based system to enable independent insurance agents to efficiently track, process, and issue new business. IIANC’s views this strategic relationship as a way to further their commitment to provide member agencies with solutions that drive revenue and growth.
“By forming this partnership, we are showing our commitment to always be the leader in providing innovative solutions to our members in North Carolina”, said Aubie Knight, CEO of IIANC. “AVYST is positioned to be a leading technology provider for independent agents. IIANC is committed to helping agents in North Carolina identify cutting edge tools that will allow them to gain a competitive advantage and capture additional market share.”
“Enabling IIANC members to be more productive and efficient is a necessity in today’s rapidly changing insurance market”, said Marc Still, CEO of AVYST. “The AVYST solution will enable IIANC members to be uniquely positioned to succeed in an industry where technology has become increasingly disruptive.”
“Having IIANC as an investor and distribution partner is a clear validation of the AVYST solution,” said Gail Salazar, COO of AVYST. As independent agency owners, we understand the challenges agents face during the new business and renewal sales cycle. The response to disruption in the independent agency channel is empowering agents to automate the interview, underwriting and submission process, reducing touchpoints, eliminating redundant entry and improving close ratios.”
AVYST provides a sales and risk management solution that enables independent insurance agents to efficiently manage a referral through the application and quoting process. This is accomplished with the use of intelligent question sets, standardized workflows, quoting integration and by removing complexity in the way agencies do business today. AVYST is based in Dallas, TX and Aurora, CO. For more information visit www.avyst.com.
Independent Insurance Agents of North Carolina (“IIANC”) empowers our members to rise above the competition by offering them the tools and resources to succeed in today’s insurance industry. IIANC is proud to serve as the unrelenting advocate and strategic business partner for nearly 900 Trusted Choice® independent insurance agency members across the state. IIANC member agencies represent more than one insurance company, and as a result, can offer clients a wider choice of auto, home, business, life and health coverages while providing valuable guidance and advocacy. For more information, visit www.iianc.com.
Contact: Gail Salazar