ADVANTAGEGO AND COMBINED RATIO ANNOUNCE ECOSYSTEM ALLIANCE

London, 1 February 2024 – AdvantageGo, a leading commercial insurance and reinsurance software provider, today announced a strategic alliance with Combined Ratio Solutions, a leading provider of leading insurance Customer Relationship Management (CRM) solutions and professional services.

The AdvantageGo Ecosystem offers insurers the choice of leading technology providers through a single source to accelerate digitisation. The ecosystem delivers a comprehensive technology proposition through a single source to accelerate and digitise operations.

Integrating with AdvantageGo’s market-leading Underwriting Workbench platform, Combined Ratio’s successful IMPACT product suite will provide AdvantageGo clients with access to fresh insights for (re)insurance carriers with limited CRM data on their assureds and/or brokers.

The latest of several AdvantageGo Ecosystem alliances, Combined Ratio has locations in US, LatAm and Europe, complementing AdvantageGo’s global reach. Working with brokers and carriers, Combined Ratio has three offerings: IMPACT Engage, IMPACT Policy and IMPACT Services.

Client opportunities will include enabling Underwriting Workbench to give greater insight and analytical capability, for example to provide additional opportunities to cross-sell to assureds, maximize underwriter’s efforts with high value activities and foster deeper relationships with intermediaries.

“I’m pleased to announce this latest AdvantageGo Ecosystem alliance, which provides additional support to our expanding client base across the (re)insurance markets, further strengthening our US presence,” commented Ian Summers, Global Business Leader, AdvantageGo.

“Once again, with the addition of Combined Ratio the AdvantageGo Ecosystem is unlocking fresh underwriting insights and efficiency gains to support the ecosystem’s (re)insurance clients who are engaged in digital transformation and navigating their service provider relationships in an increasingly fragmented insurtech landscape,” Summers said.

Michael Jones, Chief Executive Officer, Combined Ratio Solutions, commented: “I couldn’t be more excited to be part of the AdvantageGo alliance. We have been watching the success of that team and knew we would be an excellent complement to an already powerful Underwriting Workbench.”

“As the role of the underwriter becomes increasingly more digitised, we can’t lose sight that relationships still matter. The integration of IMPACT Engage and Underwriting Workbench solves so many problems, allowing our clients to drive underwriting efficiencies, while keeping value on the agent and broker relationship.”

About AdvantageGo

AdvantageGo helps insurance companies to look from an increasingly precarious future back to today. The difference is clarity. And profit. By bringing the future more efficiently and effectively into the present, we position insurers´ profits at the heart of their business – today, not tomorrow. Our pioneering platform and 25 years of experience mean AdvantageGo offers insurers the IT agility they need to create an intelligent digital strategy.

Learn more at www.advantagego.com

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organisations with operational excellence in a rapidly changing marketplace. Our SaaS-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a long-time global presence, serving over 600 customers in more than 30 countries with our innovative offerings. Recognised by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.    

For more information, please visit  https://sapiens.com

About Combined Ratio

Based in Hartford, Connecticut, Combined Ratio is an Insurtech services provider specialising in maximising the value commercial lines property and casualty (P&C) insurance companies have invested in existing IT infrastructure. Combined Ratio’s experienced onshore and offshore development teams easily accelerate the pace of change within insurance organisations by rapidly clearing IT backlogs and change requests, creating custom software solutions, performing system enhancements and upgrades, and delivering opportunities for innovation with competitive pricing options and significant expertise optimising operations. Whether the challenge is integration or configuration, Combined Ratio helps insurance organisations figure out the best technologies and methodologies required for quick, inexpensive implementations, regardless if it is the best in class products built by Combined Ratio, or other solution providers offerings.

Learn more at https://www.combinedratio.com

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