Manage general liability risks with insight

Insurants is a leading document processing solution, designed to revolutionize the commercial insurance industry by automating and streamlining key processes throughout the policy lifecycle. Built on advanced AI, GenAI and machine learning technologies, Insurants delivers operational efficiency and accuracy, enabling insurance companies to better serve clients, govern risk exposure, optimize capital and remove manual processes.

By integrating Insurants capabilities into the AdvantageGo Underwriting Workbench, organizations can optimize workflows, boost efficiency, and deliver superior client outcomes.

mea intelligently deploys technology, including AI, to quickly solve problems for (re)insurers, brokers and MGAs. mea’s software automatically extracts risk data from submission documents without any need for AI training or implementation effort, offering an instant solution and immediate value.

mea automates critical activities, boosting productivity, protecting combined ratios and margins. This alliance provides clients with the ability to access new data and insights and fresh capabilities faster.

Relativity6 addresses incorrect or out-of-date industry classification rating data and flagging of hazardous industries which allows underwriters to make key rating decisions on up-to-date classifications, using 6-digit NAICS, and other widely utilized class codes.

The cyber line-of-business will present scoring of business classification through AdvantageGo’s Underwriting Workbench, underwriters can use Relativity6 to instantly determine if a submission is within risk appetite, triage risks effectively, and price policies more accurately.

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.

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 standardized, cleansed, and validated against the contract terms.

This alliance 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.