Aventus, the insurance market’s first modular Operating System designed to enable the new digital world of insurance for MGAs and schemes brokers, has announced that Platinum Underwriting, has become the first wholesale MGA to migrate to its platform. The announcement follows the launch of Aventus’s wholesale expansion last month.
Platinum Underwriting prides itself on its broad appetite and an unwavering commitment to broker service and giving brokers responsive and direct access to underwriters. Its migration from an out-of-the-box retail insurance platform to a fit-for-purpose wholesale insurance operating system forms part of Platinum’s strategic plan – harnessing technology that puts its brokers, and their clients, at the centre; enabling its people to work smarter, augment expertise and advice with data and insight, and innovating to build the future of its business.
The Aventus Wholesale Insurance Operating System provides Platinum with a single holistic solution for all business data, CRM and MI, giving its team a 360 degree view of all broker partner activities. This greater level of insight will drive its ability to build and retain relationships, be proactive in capacity negotiations, and develop customised solutions that are responsive to customer needs at all times. In addition, automation of activities including document and bdx creation will drive significant operational and time-saving efficiencies. The combination of data and efficiency will empower Platinum’s people to focus on doing what they do best, free of administrative burden and augmented with advanced data–driven insight.
Kevin Carrabine, Founder and Managing Director at Platinum Underwriting Ltd, commented: “Aventus offered us the opportunity to move away from legacy and plug-and-play insurance technology, and instead build an operating system that truly prepares our business for the future. The marriage of art and science i.e. expertise and technology, is a powerful one. Not only will we, and our broker partners, benefit from improved operational efficiencies, but also the advanced decision-making capabilities that enhance customer journeys.”
Adam Harrison, Wholesale Business Development Manager at Aventus said: “We’re delighted to be working with Platinum to transform their business and build a platform for future growth. Working smarter is the key to modern wholesale insurance delivery. The Aventus Modular Operating System involves the intersection of multiple advanced technologies coming together to drive both operational efficiency and a seamless flow of data and insight for advanced decision making. The wholesale insurance industry is on a digitisation journey – Platinum has seen the value of investment in insurtech, and has firmly planted its flag as a reinvention leader in the market.”