AdvantageGo, a leading commercial insurance and reinsurance software provider and part of Coforge, and Zywave, an insurtech leader providing a portfolio of innovative, go-to-market solutions for insurers, Managing General Agents (MGAs), and brokers, are pleased to announce a new strategic alliance. The expanded relationship will centre on the integration of Zywave’s rating and distribution product,ClarionDoor, and AdvantageGo´s Underwriting workbench to help improve underwriter decision-making.
Zywave joins AdvantageGo´s Ecosystem, a group of best-in-breed technology and data vendors who have joined forces to provide clients with greater choice and a more comprehensive single view of risk to expedite the insurance industry’s shift to digital risk transfer and enter a new era of digital intelligence.
The alliance with Zywave and its rating and distribution solution, ClarionDoor, broadens the ecosystem’s offering by delivering a frictionless product distribution for rating in real time.
“We are delighted to welcome Zywave to our Ecosystem,” said Ian Summers, Global Business Leader, AdvantageGo. “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.”
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. 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.
“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,” said Jason Liu, CEO of Zywave. “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.”
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