The History of Agency Technologies, Inc.

The Early Years

In 1985 the management team of Prime Rate Premium Finance Corporation (Prime Rate) recognized the need for an automated system to process and report the payments taken daily by South Carolina’s designated, nonstandard automobile insurance agencies, also known as Designated Agents. Prime Rate’s commitment to developing and providing automated solutions to the Designated Agents lead to the formation of a sister company named Prime Systems.  The company was located with Prime Rate in Florence, South Carolina.  Prime Systems was incorporated as a South Carolina corporation in February 1986.  At that time, the company’s software development efforts were leading to a comprehensive, agency management solution for the Designated Agents of South Carolina.

The first agency management software released by Prime Systems was called The Prime System. The software featured automobile insurance rating for insurance companies designated as South Carolina Reinsurance Facility carriers, forms printing and daily transaction processing.  The software complied with the reporting and audit requirements of the South Carolina Reinsurance Facility and quickly became the software most Designated Agents in South Carolina used.  In order to provide a complete solution to the Designated Agents, Prime Systems also became a value-added reseller of computer equipment.  The Prime System was instrumental in Prime Rate becoming the leading premium finance company in South Carolina.

In 1988, Prime Systems developed a policy-processing program for American Centennial Insurance Company.  The program handled the daily processing needs of the insurance carrier and made it possible for American Centennial Insurance Company to become a designated carrier in South Carolina.  The software was used until they migrated their processing to a mainframe system.

A New Beginning

Prime Rate’s parent company acquired IFCO, Inc., a premium finance company located in Fayetteville, North Carolina, in the fall of 1989.  The software development team of IFCO joined with Prime Systems to begin the development of an agency management product called The Policy Profiler.  As development of The Policy Profiler proceeded, the two groups formally merged and Prime Systems, Inc. became Agency Technologies, Inc. (ATI) in May 1990.

The Policy Profiler was first installed in North Carolina on July 5, 1990.  The product quickly became the standard to which other nonstandard automobile insurance agency software products were compared.  After customizing features for the South Carolina Designated Agents, The Prime System users were converted to The Policy Profiler.  Policy Profiler now supports many personal and commercial insurance lines and over 250 agents in North Carolina, South Carolina and Virginia use The Policy Profiler to handle their daily business.

ATI Today

ATI develops, distributes and supports point-of-sale software used by insurance agencies in the Mid-Atlantic and Southeast Regions of the United States to quote and print finance agreements.  The software is used for financing commercial and personal lines premiums.  

The latest version of Policy Profiler is Policy Profiler for Windows. Profiler for Windows boasts all of the same great features of the original versions plus a new, clean graphical user interface and workflow improvements. In addition to the Policy Profiler, ATI has developed Contract Generator, a program for quick quoting and contract generation with Prime Rate Premium Finance Corporation. ATI has also developed software for Reliable Policy Management called RPM Mobile Home Rater that is used to underwrite, rate and print applications for mobile home insurance written through Aegis Security Insurance Company.  In addition, ATI has also developed an advanced document storage system called The Document Profiler System. The Document Profiler System (or DPS) is an advanced document storage system that allows the user to scan and index documents. DPS will run as a stand alone program but can also integrate with Policy Profiler. It provides the flexibility of user-defined indexing fields as well as OCR technology that indexes every word in the document.

ATI is committed to being the best resource for an insurance agency’s automation needs.  We thoroughly understand the insurance agency environment and we add value through our ability to solve problems creatively.  Our staff includes hardware technicians to resolve computer hardware issues.  They also install and support on-site computer equipment and networks for insurance agencies in North Carolina and South Carolina.  Our help desk provides toll-free phone support for all of our products and assists with training our software users.  ATI also offers computer equipment leases.  We build long-term relationships with insurance agencies to help them achieve economic success and financial security.

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