I wanted to inform you about ACORD’s new licensing policy. Effective January 1, 2020, ACORD will require all insurance agencies to directly license and pay membership fees to ACORD for the usage of the ACORD Forms. This licensing decision, made independently by ACORD, still requires Agency Systems and all other solution providers to obtain a license for the use and distribution of ACORD Forms; however, ACORD also now requires all agents and brokers who continue to use ACORD Forms after January 1 to obtain licenses directly from ACORD.
We have also been advised that under ACORD’s new licensing policy, members of The Independent Insurance Agents & Brokers of America (Big “I”) and/or National Association of Professional Insurance Agents (PIA) that have a group gross revenue of under $50 million will be eligible for a license from ACORD as part of their membership(s), with no additional payment necessary. Additional information for Big “I” members can be found in their FAQ and for PIA members in their press release.
Users who do not qualify for a license under their Big “I” membership, PIA membership or a qualifying ACORD membership are able to purchase a stand-alone End User License from ACORD. For additional information, please review the ACORD membership programs.
As always, thank you for selecting Agency Systems as your trusted technology partner.
This link is a very thorough explanation by Steve Anderson of the Acord situation for those wishing to learn more. It also includes links to the Big “I”, PIA and Acord.
R.H. Bud Allen
Newton by Agency Systems
Effective July 1, 2019, Agency Systems/Matrix Software, Inc., announces the acquisition of Connect Technologies, a software development company of web-based software solutions. “Immediately available as a result of the merger are web-based software solutions for Property and Casualty insurance agencies across the country”, said R.H. Bud Allen, Managing Director at Agency Systems.
Positive Impact on the Insurance Agency Management Systems Arena
Many wholesale and retail insurance agents have already benefited from the deployment of Connect Technology insurance solutions. “We look forward to bringing these and other web-based enhancements to the Newton platform”, said Allen.
Newton by Agency Systems is a 30-year Agency Management Systems provider with products driven by long term customer feedback. With the merger of Connect Technologies, a 15-year web solutions provider, Agency Systems has acquired the capacity to deliver proven web-based solutions in a speedy and cost-effective fashion.
Under the same ownership for over 30 years, Agency Systems has serviced thousands of Property and Casualty insurance agencies with technology you cannot outgrow. This merger ensures the continuance of a technology leadership position in the industry.
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The Newton Summer 2018 Update is the next major version of Newton by Agency Systems. The update enhances critical portions of Newton such as Download, Email, Activity, Forms, Accounting, and more. The update extends the functionality of these critical areas of Newton by connecting valuable E&O activity items to the source action items, providing an easy-to-follow workflow for all agency personnel.
The Newton Summer 2018 Update is scheduled for general availability by the end of the Summer 2018.
Newton Summer 2018 Update Feature Highlights
What is the Newton Release Preview Program?
The Newton Summer 2018 Update is now available as part of our Newton Release Preview Program. Although the release may not be feature-complete, we offer early access to participating agencies. Participation in the release preview program entirely optional and free of charge. See the information block at to the top of the release notes to get started.