AdvantageGo, commercial insurance and reinsurance software provider, has entered into an alliance with InsurTech Zywave.
The expanded relationship, according to AdvantageGo, will centre on the integration of Zywave’s rating and distribution product, ClarionDoor, and AdvantageGo’s Underwriting workbench to help improve underwriter decision-making.
According to AdvtanageGo, the alliance with Zywave and its rating and distribution solution, ClarionDoor, will broaden the ecosystem’s offering by delivering a frictionless product distribution for rating in real time.
AdvantageGo’s Underwriting workbench will be available with a pre-built integration into ClarionDoor’s rating and distribution solution, enabling users to develop, design and price risks in a customisable low-code/no-code environment.
The company said that by 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.
Ian Summers, global business leader, AdvantageGo, said, “We are delighted to welcome Zywave to our Ecosystem. The ability to integrate ClarionDoor’s cloud-native, API-first software into our Underwriting workbench will improve operational efficiency and speed to quote, empowering insurers to innovate and compete.”
Jason Liu, CEO of Zywave, added, “It’s been a pleasure collaborating with AdvantageGo, as we share similar philosophies on digital insurance technology and its potential to transform the industry, while driving growth for those who embrace it. Through Zywave’s recent acquisitions, including Web Connectivity Limited (WCL) in London, Zywave owns a considerable number of assets that will enable the future digital marketplace.”
Last year, Russell Group, a London-based data and analytics company, expanded its data universe by teaming up with InsurTech Zywave.
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