Re/insurer Canopius has agreed a partnership with AdvantageGo, to use the technology provider’s “Underwriting” workbench application across all lines of insurance and reinsurance business underwritten within its Canopius UK and London Market teams.
Kate Roy, group chief operating officer of Canopius, said: “Our underwriters are highly engaged with, and excited by, this project, which will function as the test case for the technology’s broader rollout across lines of business.
“Improved insights and automation gains, streamlining and improving operational processes, which the Underwriting workbench application will bring to our teams, will ultimately lead to better decision-making by better-informed underwriters. We see considerable value in this product.”
Ian Summers, global business leader at AdvantageGo, added: “Underwriting workbench is our flagship product, and here it is being rolled out within a global specialty (re)insurer.”
He continued: “The application integrates with other existing tools, such as those that Canopius uses for pricing and sanctions checks. The goal is to provide underwriters with a single-pane-of-glass view of risks that they can use to market-leading effect.”
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