AdvantageGo | ECOSYSTEM
The AdvantageGo | Ecosystem offers insurers the choice of leading technology providers through a single source to accelerate digitisation.
The AdvantageGo | EcosystemYOUR DESTINATION FOR ACCELERATING DIGITISATION
The AdvantageGo | Ecosystem of strategic alliances with leading technology, data and analytics providers in each space leverages our respective solutions jointly. The AdvantageGo | Ecosystem delivers a comprehensive technology proposition through a single source to accelerate and digitise operations.
The AdvantageGo | Ecosystem enables insurers to adopt the latest technology more quickly, achieve cost efficiencies, and deliver an exceptional customer experience.
The synergies offered by the ecosystem provide advanced and unique solutions at different points across the commercial insurance and reinsurance value chain, empowering clients to meet the industry’s aspirations to move to a digital-first insurance economy.
A global hub of insurtech innovation, where clients can seamlessly access technology, knowledge and advice, the AdvantageGo | Ecosystem is the go-to destination for insurers seeking cutting-edge technology to create an effective digital transformation strategy to:
Increase operational efficiency
Increase incremental revenues
Introduce new revenue streams, products and services
Promote risk reduction and mitigation
Enhance decision-making in real time
The AdvantageGo | Ecosystem supports carriers globally to undertake a more coherent adoption path to digitising processes and for those operating in the London Market to efficiently take advantage of Blueprint Two services coming down the line.
The AdvantageGo | Ecosystem manifests itself in AdvantageGo working with best-of-breed suppliers who complement our offering, providing clients with a more comprehensive single view of a risk transaction by pulling data from the technology suppliers and augmenting that with the client’s data to enable better underwriting decisions.
AdvantageGo manages the customer’s support, their security and brings that to the market as an end-to-end solution through a single contract
ALLIANCES
Leading technology providers in the AdvantageGo | Ecosystem currently include:
AdvantageGo leverages ADEPT for Global Reinsurance and Large Commercial (GRLC) to facilitate connection, for example, with the AdvantageGo Underwriting workbench, to the digital services and solutions introduced as part of the Lloyd’s Blueprint Two initiative.
ADEPT’s RESTful API service allows AdvantageGo clients to send and receive ACORD GRLC accounting (EBOT) and claims (ECOT) messages via these next-generation solutions. ADEPT will also enable AdvantageGo clients to transact with other ACORD GRLC-enabled partners around the world, including between stakeholders in the Ruschlikon community.
The alliance delivers solutions across the commercial insurance and reinsurance value chain that enable insurers to make more holistic decisions for their business across all lines. For example:
AdvantageGo’s Underwriting workbench, combined with Verisk’s pricing and rating service, Rulebook Rating as a Service, will provide a frictionless experience when assessing and pricing a risk, meaning that underwriters can turn business around faster, and with better risk clarity. Sequel Hub and Verisk Data Analytics are also part of the ecosystem play.
Verisk’s marketplace platform, Whitespace, can feed the structured data that is created and captured during the placement process, into AdvantageGo’s Underwriting workbench, meaning that underwriters can make faster decisions, and have clearer views of individual and portfolio risks, readily available at their fingertips.
AdvantageGo’s Underwriting workbench APIs will provide a frictionless experience when importing bordereaux data for delegated authority business by integrating with VIPR’s leading bordereaux management solution. This will ensure that raw Premium, Risk and Claims data being imported into AdvantageGo’s Underwriting workbench is standardised, cleansed, and validated against the contract terms.
This partnership will offer Underwriters the powerful benefits of AdvantageGo’s Underwriting workbench and a comprehensive and integrated view of their portfolio for both their open market risks and delegated authority.
AdvantageGo’s Underwriting workbench will be available with a pre-built integration of Zywave’s rating and distribution product, ClarionDoor, enabling users to develop, design and price risks in a customisable low-code/no-code environment. Providing a seamless, out-of-the-box experience, Underwriters and business users can centralise pricing across their entire portfolio and lines of business.
The integrated solution provides pricing capabilities whether the platform is quoting for new business, renewals or carrying out mid-term adjustments on existing business. A full pricing history is also maintained to enable cost validation and audit compliance.
OUR DATA PROVIDERS
The AdvantageGo | Ecosystem of strategic alliances is supported by data providers, experts in their field, who have been chosen because they share the same values and standards that we apply to our own business.
