IVANS – The success story

IVANS – The success story

IVANS was founded in 1983 by 21 insurance companies as a property/casualty intra-industry network. Today, it has grown to include hundreds of members. At the end of its first year, IVANS served only 84 agencies. At the end of 1993, there were 24,000 agency/company pairs using interface. There are more than 50,000 end users of IVANS services.

At the same time, IVANS has branched out from serving just the P/C business to include the entire insurance community–life and health in addition to property and casualty.

At year end 1993, IVANS had 414 members covering the gamut of insurance entities–an increase of 16% from the 358 members at the end of 1992. And by the end of last year membership reached 476.

The chart at the right details the types of companies included in the IVANS membership roster over the last three years.(Chart omitted)

Agency/company interfaces have grown steadily, with a leap of 7,172 new interfaces in 1994. The following graph shows the growth in interfaces since 1984. (Graph omitted)

Copyright Rough Notes Co., Inc. Feb 1995

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