AdvantageGo and DOCOsoft Announce Strategic Alliance
London, 08 February 2024 – AdvantageGo, a leading commercial insurance and reinsurance software provider and part of Coforge, today announced a strategic alliance with leading claims management system provider DOCOsoft.
DOCOsoft’s integrated claims management platform provides market-leading claims management solutions to a client base of top-tier P&C (re)insurance carriers in London and around the world, processing nearly 20 million claims messages a year, with a value of more than £10 billion.
DOCOsoft’s best-of-breed on-premise and cloud-based claims management solutions can be used to maximise performance by automating routine tasks, eliminating manual error, and freeing up precious time for claims teams to focus on challenges where the human touch makes most difference.
Connecting with DOCOsoft through the expanding AdvantageGo Ecosystem goes beyond an integration play to form a strategic alliance that creates a virtuous circle between two market-leading platforms.
For example, while AdvantageGo’s policy administration system can provide core policy data to DOCOsoft, DOCOsoft’s enriched claim record can be fed into AdvantageGo Underwriting, giving underwriters a holistic view of business written.
“Our platforms are both focused on the power that comes from harnessing integrated workflows and data insights to build a better view of risk, driving better-informed decision making,” said Ian Summers, Global Business Leader, AdvantageGo.
“Connecting with DOCOsoft through our ecosystem provides AdvantageGo clients with yet another strong partner, as well as strengthening our own policy administration and underwriting workbench capabilities,” continued Summers.”
DOCOsoft CEO Aidan O’Neill adds: “Our technologies and philosophies are closely aligned. DOCOsoft and AdvantageGo are both strong and closely-engaged supporters of Blueprint Two and the digital transformation of the London market.”
“I see powerful synergies flowing from DOCOsoft’s new strategic alliance with AdvantageGo. Combining our complementary capabilities will unleash significant added value for current and future customers of both organisations. By building a comprehensive set of pre-integrated digital solutions, we can streamline the implementation process and ensure a speedy integration.”
AdvantageGo helps insurance companies 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.
DOCOsoft is an agile, forward-thinking provider of market-leading claims management solutions, with 16 years’ experience serving P&C (re)insurance companies in London and around the world. DOCOsoft’s clients account for more than 30% Lloyd’s and London market, with over £10bn of claims handled annually. The DOCOsoft CMS handles more than half of all Managing Agent claims responses. The DOCOsoft system has been shown to cut claims turnaround times by 50%.
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms provide us with a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
Learn more at www.coforge.com
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