Though technology has been greatly impacting the way the insurance industry operates, the global insurance value chain is facing unprecedented disruption. New risks and threats, innovative technology, legacy technology, new distribution models, increasing regulation, emerging market entrants, and changing customer expectations are just some of the drivers shaping today’s market. As the value chain is disrupted and redefined, the systems underpinning today’s insurance infrastructure need to be disrupted for insurers to remain relevant and competitive. This is where the need for a decentralized architecture is arising. The one that enables insurers to decompose complex software applications into smaller services that can be evolved and updated independently. A company that perfectly suits these growing requirements is AdvantageGo—a company that provides revolutionary commercial insurance and reinsurance software solutions.
With over 25 years of experience, the AdvantageGo team harnesses the power of proven, functionally-rich core solutions and augment it with the energy and culture of being an InsurTech leader. As a result, businesses can leverage a vast array of curated knowledge sourced from leading data providers, IoT, and advanced machine learning, and open up the possibility of true risk mitigation with proactive notifications and real-time alerts. Driven by instantaneous data, these customer-centric services significantly enhance the performance of core solutions and enable augmented decision-making as well as industry-leading agility. “Our pioneering technology and years of experience mean that AdvantageGo offers insurers the IT agility they need to create an intelligent digital strategy in partnership with a leading IT provider,” explains Adrian Morgan, Head of AdvantageGo.
As new risks are constantly emerging, insurers must adapt quickly. AdvantageGo provides revolutionary commercial (re)insurance management solutions that will transform insurers to manage risk administration. its core software offerings fuse with a cloud-based Microservice to create a powerful ecosystem that delivers added value through seamless interconnectivity and intelligent data. This enables companies to enhance their digital landscape and open up the possibility of true risk mitigation with disruptive technologies.
AdvantageGo’s unique underwriting software directly addresses the growing focus on maintaining underwriting discipline as the insurance market enters the digital era. With AdvantageGo delivered through a centralized platform, ‘Underwriting’ systemizes an underwriter’s knowledge and delivers analytics-driven insights throughout the decision-making process. Powered by an ecosystem of data providers that supports data-led decisions, the company’s ‘Underwriting’ technology proactively delivers new business insights and risk-specific knowledge, facilitates the creation of new products, and enables underwriters to understand risk at new levels of granularity. Moreover, insurers can systemize underwriters’ knowledge and deliver analytics-driven insights throughout the decision-making process. “Our ‘Underwriting’ technology integrates into established core policy administration systems, driving significant benefits in operational efficiency and data accuracy that massively increases the velocity and agility of decision making,” explains Morgan.
With AdvantageGo, insurers can confidently manage complex risk, make better-informed underwriting decisions and improve the handling of losses, with powerful data-driven insights. Moreover, they can manage exposures against any peril in any geography, including natural catastrophe perils such as flood, earthquake, windstorms, and wildfire, along with non-cat perils including terrorism, pandemic, and cyber-attack. “Our pioneering, cloud-based Microservices seamlessly integrate with Exact to deliver up-to-the-minute intelligence. Our insurance risk management software, Exact, sets a new standard in insurance exposure by providing powerful data-driven insights at your fingertips. This enables you to swiftly and accurately visualize and manage your entire risk portfolio, Make better-informed underwriting decisions and Improve your handling of losses,” adds Morgan.
Since its inception, AdvantageGo has been delivering innovative insurance technology solutions to a variety of clientele including Aviva, Atrium, and Verto. As part of their expansion plans, the company recently announced the launch of Exact Max, a new, powerful exposure management solution for global insurers and reinsurers.
Company:
AdvantageGo
Management:
Adrian Morgan, London, England
