Verto Adopts AdvantageGo’s Exact to Drive Growth
London, 13th March 2019 – AdvantageGo, the innovative commercial insurance and reinsurance software provider, announced that Verto Syndicate 2689 has adopted Exact, AdvantageGo´s exposure management insurance solution, to help it manage its exposure for its offshore energy book.
Verto was established in 2017 as a new Lloyd’s syndicate, with backing from Hampden and Asta as its appointed managing agent. It writes treaty reinsurance for cedants worldwide in areas including Property, Casualty, Marine and Energy and other Specialty lines.
Verto’s growth plans require a rigorous exposure management solution to enable it to write a growing offshore energy portfolio whilst adhering to Lloyd’s controls and reporting requirements. AdvantageGo’s Exact solution was the product best suited to this task and Verto ‘went live’ with Exact several months ago. Exact enables Verto’s underwriters to quickly and accurately visualise and interpret aggregate exposures across their entire book, ensuring that they are better informed at the point of decision-making.
One of the key features that makes Exact such a compelling proposition is its ability to swiftly and seamlessly connect to both internal and external data sources, meaning that Verto’s underwriters have all of the information they need at their fingertips. AdvantageGo’s pioneering, cloud-based Microservices also seamlessly integrate with Exact, to deliver up-to-the-minute intelligence and can be tailored to specific requirements.
“AdvantageGo’s professionalism, in-depth understanding of our business and extensive digital roadmap reassured us that we had made a future-proofed choice. AdvantageGo demonstrated flexibility in all regards of their offering and were able to react quickly and decisively to meet our aggressive timeline,” said Andrew Cunningham, Chief Pricing Actuary, Verto Syndicate.
“AdvantageGo’s expertise enabled the team to quickly demonstrate how Exact can automate our currently manual exposure management processes. Exact provides a map and a graphical-based reporting interface to significantly enhance our ability to comprehend our global exposures,” said Alex Kiy, Actuary, Verto Syndicate.
“We are delighted that Verto chose AdvantageGo as its strategic IT partner as they build up their book of business,” said Adrian Morgan, Head of AdvantageGo. “We look forward to a continuing close relationship with Verto as they start to explore other AdvantageGo systems and Microservices to support their growth.”
AdvantageGo is the innovative commercial insurance and reinsurance product family from NIIT Technologies. It harnesses the power of proven, functionally-rich core solutions and augments it with the energy and culture of being an InsurTech leader. AdvantageGo enables insurers and reinsurers around the world to fuse the traditional with digital, helping them to rapidly adapt, drive change and succeed with agile software and Microservices.
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About NIIT Technologies
NIIT Technologies is a leading global IT solutions organization, enabling its clients to achieve real world business impact through unparalleled domain expertise working at the intersection of emerging technologies. The Company focuses on three key verticals: Banking and Financial services, Insurance, Travel and Transportation. This domain strength combined with leading-edge capabilities in Analytics, Cloudification, Cognitive automation, and Digitalization, helps clients innovate business, automate process and industrialize AI. With over 9500 people serving clients across Americas, Europe, Asia, and Australia, NIIT Technologies fosters a culture that promotes innovation and constantly seeks to find new yet simple ways to add value for its clients.