Bermuda could spark a “ReinsurTech” revolution, which combines InsurTech with the island’s reinsurance expertise. The business environment on the island is also more accommodating to innovation than any other jurisdiction, according to panelists at an industry Roundtable of experts hosted by AdvantageGo.

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June 20 2018, London – AdvantageGo has announced two ground-breaking products - ‘Aniita’ and ‘Score’ - which are designed to make it easier for commercial insurers and reinsurers to integrate and utilise new digital data.

 

‘Score’ provides rapid access to layered risk scores for any insurable asset anywhere in the world, across all lines of business. Augmenting normalised data from leading global data providers and the Internet of Things, ‘Score’ serves up a benchmark of risk scores, that are displayed a single...

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According to a global survey of insurance and reinsurance executives carried out by AdvantageGo, upgrading technology is the number one concern for industry leaders.

The top five concerns of executives are:

  1. Need to upgrade technology
  2. Underwriting discipline
  3. Regulation
  4. Cybersecurity
  5. Mergers and acquisitions
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AdvantageGo,the innovative commercial insurance and reinsurance software product family from NIIT Technologies, launches 10 pioneering Microservices which augment decision-making and help insurers and reinsurers to quickly reduce cost and proactively manage risk.

AdvantageGo’s range of Microservices, including Peril Score, Events Service and Asset Tracking, harness a vast array of curated up-to-the-minute intelligence from leading data providers and Internet of Things (IoT), to distil personalised and powerful insights.

Utilising proactive notifications and real-time alerts, the Microservices help insurers and reinsurers around the world...

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December 11 2017, London - NIIT Technologies Limited, a leading global IT solutions organization, has announced the release of version 4.0 of its exposure management tool Exact.  A key feature of this version is the ‘Underwriter View’ which supports underwriters in their decision making process by providing hazard, accumulation and exposure information within a single easy to use platform.

Exact is widely used by global commercial and specialty lines insurers to manage accumulations of risk across all lines of business in real...

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NIIT Technologies Limited, a leading global IT solutions organization, announced that the reinsurance company UnipolRe has gone live with a new IT system driven by the underwriting platform Navigator.

The Navigator portal solution delivers full pre-bind workflows with submission and quote administration capabilities across the company.  It provides an enhanced customer experience processing new business transactions in real time and allowing comprehensive tracking and reporting. The Navigator system, which is part of NIIT Technologies’ insurance product portfolio, allows UnipolRe  to simplify...

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October 9 2017, London - NIIT Technologies Limited, a leading global IT solutions organization, announced that Pen Underwriting has successfully deployed its insurance exposure management software, Exact.

Pen Underwriting is one of the UK’s largest MGAs (managing general agent) writing more than £500 million in premium. It has implemented Exact, part of NIIT Technologies’ insurance product portfolio to monitor and manage its risk exposure and accumulation across territories.

Matthew Unsworth, Chief Operating Officer of Pen Underwriting, said: “As a multi-class, multi-territory MGA, we operate a virtual insurer model, providing...

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