London, 05 September 2024 – AdvantageGo, a leading commercial insurance and reinsurance software provider, part of Coforge, today announces a strategic alliance with Ping Data Intelligence (Ping), a leading insurance technology provider of artificial intelligence (AI) driven data ingestion, cleansing and geocoding solutions.

The Miami, Florida-based company’s global exposure technology is used extensively across the US property insurance market, and AdvantageGo is keen to offer this data enhancement capability to London market international insurers through their platform.

Ping’s sophisticated data ingestion system consumes SOVs (Statement of Values) to deliver AI-powered data cleansing that ensures a high degree of accuracy, scrubbing and structuring data within minutes, so that it is ready to be used in cat modelling and underwriting.

Ping Geocoding provides superior location accuracy presenting the underwriter with more precise geolocated data for a property or portfolio of properties. Ping also offers the option to augment the exposure data with proprietary and third-party data sources.

An integration partnership, plugging into AdvantageGo’s Underwriting workbench platform, will offer underwriters Ping solutions as the latest third-party source of analytics, to use alongside broker/client provided information, internal sources of data, and other third-party inputs offered through the AdvantageGo Ecosystem.

The AdvantageGo Ecosystem offers insurers the choice of leading best-of-breed technology providers through a single source to accelerate digitisation.

Stuart Mercer, CEO, Ping, commented: “The integration of Ping’s global exposure technology into AdvantageGo’s underwriting ecosystem will enable users to cleanse and reformat vast amounts of unstructured property data in a matter of minutes. We believe this partnership will help to transform data ecosystems in the London insurance market.”

“Through the advanced application of machine-learning capabilities, we revolutionise the way that commercial property data is processed, stored and analysed. Rapid data enhancement via a simple email or API call significantly reduces time and resource demands, and allows for a much more efficient and effective underwriting data ecosystem.”

“I’m excited to welcome Ping to our rapidly expanding Partner Ecosystem. Once again, we are allying with a best-of-breed partner, which offers niche capabilities that integrate with our own core platform, to deliver fresh, added value to clients,” commented Ian Summers, Global Business Leader, AdvantageGo.

Primarily, this partnership is an efficiency enhancement for our clients. Insurers currently spend large sums on scrubbing data. With Ping, they can cut such costs in half, or better, freeing up valuable time and resources to work on something more meaningful than manual editing of spreadsheets. When combined with the real-time analytical advantages of AdvantageGo’s Underwriting Workbench and Exact Risk Aggregation solutions, the combination provides a step-change in risk insights and analysis available to our underwriting clients through an intuitive, single pane of glass.

“This is firmly in line with our mission statement at AdvantageGo, which is all about serving the underwriter, partnering with innovative technology providers to provide efficiency in a fragmented vendor landscape, and ultimately, enabling the underwriter to take better informed decisions,” Summers added.

About Ping

Ping is a technology company which provides AI-enabled data-driven insights to the property (re)insurance industry powered by its proprietary global exposure technology. Ping enables clients to ingest unstructured property submissions (SOVs and ACORD forms) in minutes. This allows for direct import into customer systems. Ping provides property data enrichment, enhancing exposure intelligence for property risks across Property, Terrorism, Realty and Builders’ Risk business lines. The API-enabled capabilities are designed to improve insurance workflow efficiency and integrate seamlessly into existing underwriting and broking ecosystems.

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

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 Coforge

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

AdvantageGo Media contact:

David Benyon

[email protected]

Ping Media contact:

Suzanne Hirst or Nigel Allen

[email protected]