{"id":7030,"date":"2024-10-08T11:33:43","date_gmt":"2024-10-08T10:33:43","guid":{"rendered":""},"modified":"2025-09-04T12:11:30","modified_gmt":"2025-09-04T12:11:30","slug":"advantagego-and-insurants-announce-strategic-ecosystem-alliance","status":"publish","type":"post","link":"https:\/\/www.advantagego.com\/en-us\/content\/advantagego-and-insurants-announce-strategic-ecosystem-alliance\/","title":{"rendered":"ADVANTAGEGO AND INSURANTS ANNOUNCE ECOSYSTEM ALLIANCE"},"content":{"rendered":"\n

London, 08 October 2024<\/strong>\u00a0\u2013 AdvantageGo, the leading global commercial insurance and reinsurance software provider, today announces an Ecosystem Alliance with Insurants, a leading document processing solution for global insurance companies. Powered by proven artificial intelligence (AI), this partnership enables data transformation within AdvantageGo\u2019s Underwriting Workbench.<\/p>\n\n\n\n

Amid increasing data volumes and complexity, and the continued challenges posed by unstructured documents, Insurants<\/strong><\/a>, powered by AntWorks, has demonstrated a high standard for document processing in commercial insurance, regardless of document format, for faster and more efficient data ingestion.<\/p>\n\n\n\n

The AdvantageGo Ecosystem<\/strong><\/a> offers insurers the choice of leading technology providers through a single source to accelerate digitisation.<\/p>\n\n\n\n

Command of data will be crucial to determining who wins out in a competitive insurance market. The challenge here is that inefficiency in data processing plagues the commercial insurance industry, generating inefficiency in low-level tasks, double keying, triggering errors and omissions that continue to be problematic.<\/p>\n\n\n\n

Insurants has shown it can enable effective and automated data transformation, from broker submissions and exposure schedules, to policy comparisons and indexing, providing a smart solution to the data ingestion challenge, regardless of document types, and including structured and unstructured data.<\/p>\n\n\n\n

Submission workflow is digitally transformed through AdvantageGo\u2019s Underwriting Workbench platform<\/a><\/strong>. An Outlook Add-In extracts and transforms data directly from the underwriter\u2019s inbox. The Insurants\u2019 AI engine is a true differentiator at this point, proven in practice and pre-trained to recognise and extract insurance-specific data, regardless of document type.<\/p>\n\n\n\n

This is because Insurants has already partnered with one of the world\u2019s biggest insurance brokers, Marsh McLennan. Through this experience it has been able to improve document processing speeds by 70%, while simultaneously training its AI engine with the task of learning a multitude of international industry formats, practiced by hundreds of insurance companies. This invaluable experience has honed its AI, providing a decisive edge against competitors.<\/p>\n\n\n\n

For user confidence, an additional capability is designed to ensure visibly smooth continuity of data extraction. Insurants provides a data transformation review screen. This function shows a preview of the data attributes in the context of the original document format. The user can adjust individual data attributes before committing to the extraction for automated ingestion to a new risk submission in the Underwriting Workbench.<\/p>\n\n\n\n

Ian Summers, Global Business Leader, AdvantageGo, commented:<\/p>\n\n\n\n

\u201cInsurants is a great new addition for the AdvantageGo Ecosystem. You don\u2019t need to take my word for it, because it\u2019s already been proven as a transformative solution in the market, bringing an AI that is already well trained to the task of dealing with data within myriad document formats.<\/p>\n\n\n\n

\u201cIt\u2019s a real solution to a serious problem, because commercial insurers are drowning in documents and unstructured data. At its core, Insurants is about amplifying productivity by more intelligent document ingestion. This aim sits perfectly with our own goals, particularly through our flagship Underwriting Workbench platform, and the two pieces of technology complement each other perfectly. Knowing it works in practice should bring real confidence to underwriters.<\/p>\n\n\n\n

\u201cProviding this solution through the Ecosystem provides our clients with additional choice, unlocking great benefits for them, as the Ecosystem project continues to flourish and expand across (re)insurance markets.\u201d<\/p>\n\n\n\n

Laurence Trigwell, Chief Revenue Officer, Insurants, commented:<\/p>\n\n\n\n

“Partnering with AdvantageGo represents a pivotal step in expanding the reach of our AI and GenAI driven automation capabilities within the commercial insurance sector. By integrating our Insurants capabilities with AdvantageGo\u2019s market leading Workbench capability, we\u2019re enabling organizations to optimize workflows, boost efficiency, and deliver superior client outcomes. This collaboration reflects our dedication to providing innovative solutions that address the dynamic challenges faced by the insurance industry.”<\/p>\n\n\n\n

About AdvantageGo<\/strong><\/p>\n\n\n\n

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\u00b4 profits at the heart of their business \u2013 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.<\/p>\n\n\n\n

Learn more at www.advantagego.com<\/a><\/p>\n\n\n\n

AdvantageGo Media contact:<\/strong><\/p>\n\n\n\n

David Benyon<\/p>\n\n\n\n

david.benyon@www.advantagego.com<\/a><\/p>\n\n\n\n

About Sapiens<\/strong><\/h3>\n\n\n\n

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens\u2019 robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers\u2019 compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a long-time global presence, serving over 600 customers in more than 30 countries with our innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.\u202f\u202f\u202f <\/p>\n\n\n\n

For more information, please visit\u202f https:\/\/sapiens.com<\/a><\/p>\n\n\n\n

About Insurants<\/strong><\/p>\n\n\n\n

Insurants is an innovative 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, optimise capital and remove the manual drudgery. <\/p>\n\n\n\n

By reducing manual effort and minimizing errors, Insurants empowers commercial insurers to focus on delivering exceptional customer service while optimizing their workflows. The platform’s robust analytics capabilities provide valuable insights, driving strategic decision-making and fostering business growth. <\/p>\n\n\n\n

With Insurants, commercial insurers can transform their operations, improve customer satisfaction, and gain a competitive edge in the rapidly evolving insurance landscape. For more information.<\/p>\n\n\n\n

Learn more at https:\/\/www.insurants.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

London, 08 October 2024\u00a0\u2013 AdvantageGo, the leading global commercial insurance and reinsurance software provider, today announces an Ecosystem Alliance with Insurants, a leading document processing solution for global insurance companies. Powered by proven artificial intelligence (AI), this partnership enables data transformation within AdvantageGo\u2019s Underwriting Workbench. Amid increasing data volumes and complexity, and the continued challenges […]<\/p>\n","protected":false},"author":2,"featured_media":7031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[8,26],"tags":[25,11,14],"line-of-business":[27,24,23,28,29,30,20,31,32],"class_list":["post-7030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","category-latest-insights","tag-ecosystem","tag-ingestion","tag-underwriting-workbench","line-of-business-aviation","line-of-business-cyber","line-of-business-energy","line-of-business-general-liability","line-of-business-marine","line-of-business-political-risk","line-of-business-property","line-of-business-terrorism","line-of-business-trade-credit"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/7030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/comments?post=7030"}],"version-history":[{"count":0,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/7030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media\/7031"}],"wp:attachment":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media?parent=7030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/categories?post=7030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/tags?post=7030"},{"taxonomy":"line-of-business","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/line-of-business?post=7030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}