Press Releases
ADVANTAGEGO AND COMBINED RATIO ANNOUNCE ECOSYSTEM ALLIANCE
London, 1 February 2024 – AdvantageGo, a leading commercial insurance and reinsurance software provider and part of Coforge, today announced a strategic alliance with Combined Ratio Solutions, a leading provider of leading insurance Customer Relationship Management (CRM) solutions and professional services.
The AdvantageGo Ecosystem offers insurers the choice of leading technology providers through a single source to accelerate digitization. The ecosystem delivers a comprehensive technology proposition through a single source to accelerate and digitize operations.
Integrating with AdvantageGo’s market-leading Underwriting Workbench platform, Combined Ratio’s successful IMPACT product suite will provide AdvantageGo clients with access to fresh insights for (re)insurance carriers with limited CRM data on their assureds and/or brokers.
The latest of several AdvantageGo Ecosystem alliances, Combined Ratio has locations in US, LatAm and Europe, complementing AdvantageGo’s global reach. Working with brokers and carriers, Combined Ratio has three offerings: IMPACT Engage, IMPACT Policy and IMPACT Services.
Client opportunities will include enabling Underwriting Workbench to give greater insight and analytical capability, for example to provide additional opportunities to cross-sell to assureds, maximize underwriter’s efforts with high value activities and foster deeper relationships with intermediaries.
“I’m pleased to announce this latest AdvantageGo Ecosystem alliance, which provides additional support to our expanding client base across the (re)insurance markets, further strengthening our US presence,” commented Ian Summers, Global Business Leader, AdvantageGo.
“Once again, with the addition of Combined Ratio the AdvantageGo Ecosystem is unlocking fresh underwriting insights and efficiency gains to support the ecosystem’s (re)insurance clients who are engaged in digital transformation and navigating their service provider relationships in an increasingly fragmented insurtech landscape,” Summers said.
Michael Jones, Chief Executive Officer, Combined Ratio Solutions, commented: “I couldn’t be more excited to be part of the AdvantageGo alliance. We have been watching the success of that team and knew we would be an excellent complement to an already powerful Underwriting Workbench.”
“As the role of the underwriter becomes increasingly more digitised, we can’t lose sight that relationships still matter. The integration of IMPACT Engage and Underwriting Workbench solves so many problems, allowing our clients to drive underwriting efficiencies, while keeping value on the agent and broker relationship.”
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/en-us/
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
About Combined Ratio
Based in Hartford, Connecticut, Combined Ratio is an Insurtech services provider specializing in maximizing the value commercial lines property and casualty (P&C) insurance companies have invested in existing IT infrastructure. Combined Ratio’s experienced onshore and offshore development teams easily accelerate the pace of change within insurance organizations by rapidly clearing IT backlogs and change requests, creating custom software solutions, performing system enhancements and upgrades, and delivering opportunities for innovation with competitive pricing options and significant expertise optimizing operations. Whether the challenge is integration or configuration, Combined Ratio helps insurance organizations figure out the best technologies and methodologies required for quick, inexpensive implementations, regardless if it is the best in class products built by Combined Ratio, or other solution providers offerings.
Learn more at https://www.combinedratio.com
Media contacts:
David Benyon
Fiorella Berrutti