MGA

WTW set to acquire AIMUW in major boost to risk advisory and broking presence in Italy

Retrieved on: 
Thursday, December 14, 2023
MGA, General agent, WTW, Partnership, Risk, Mediterranean Basin, Agriculture, Growth, Public sector, Fine chemical

MILAN, Italy, Dec. 14, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has signed a definitive agreement to acquire AIMUW, a specialist Managing General Agent (MGA) in Italy.

Key Points: 
  • MILAN, Italy, Dec. 14, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has signed a definitive agreement to acquire AIMUW, a specialist Managing General Agent (MGA) in Italy.
  • The deal reflects WTW’s global strategy to invest in high-performing businesses and to explore the growing connection between risk and capital.
  • It also underlines WTW’s commitment to the Italian market and its ambition to enhance its wholesale business there.
  • AIMUW has a strong reputation in the Italian market and deep expertise in several key verticals, including agriculture, the public sector, and professional services.

Little Tikes® Story Dream Machine™ Expands Portfolio of Story Collections Through Collaboration with Sesame Workshop

Retrieved on: 
Thursday, November 16, 2023
Dentist, MGA, Catalog, Collection, Senior, Sesame Street, Projection, Amazon, Imagination, MGA Entertainment, Love, Learning, Sesame Street: Elmo's Playdate, Little, Caregiver, Social media, Sesame Workshop, Little Tikes, Grandparent, Parent, Walmart, Parenting, Farm, Education, Toy

Today, the brand announced an expansion to this catalog via a collaboration with Sesame Workshop, the global impact nonprofit organization behind Sesame Street®, welcoming the new Sesame Street Elmo & Friends® Collection to shelves this month.

Key Points: 
  • Today, the brand announced an expansion to this catalog via a collaboration with Sesame Workshop, the global impact nonprofit organization behind Sesame Street®, welcoming the new Sesame Street Elmo & Friends® Collection to shelves this month.
  • The Story Dream Machine is a portable projector for read-along children’s stories that doubles as a white noise machine and nightlight.
  • Little Tikes and Sesame Street have each been a part of children's lives from early childhood to adulthood for more than 50 years.
  • Stay tuned for parenting content with the Story Dream Machine from David Henrie on TikTok , Instagram , and Facebook throughout the holiday season.

Insurity Named a Major Player in the IDC MarketScape for P&C Intelligent Underwriting Workbench Applications

Retrieved on: 
Thursday, December 14, 2023
Software, Technology, Professional Services, Insurance, MGA, Policy, Triage, Machine learning, System, Sure, Risk assessment, IDC, AWS, P&C, Cyber insurance, Azure

Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that it was recognized as a Major Player in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment (doc # EUR151182723, September 2023).

Key Points: 
  • Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that it was recognized as a Major Player in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment (doc # EUR151182723, September 2023).
  • We believe this recognition reflects Insurity’s commitment to delivering innovative and cloud-native underwriting solutions to the P&C insurance market.
  • Sure Underwriting embeds advanced analytics and machine learning to provide valuable insights into risk profiles, facilitating data-driven underwriting decisions.
  • Insurity Business Intelligence , included within the Sure Underwriting solution, offers insights into book performance, renewal retention rates, trends, metrics, and more.

Swiss Re Corporate Solutions Named "Digital Experience Champion" Award Recipient at Excellence in Insurance, Sponsored by Insurity

Retrieved on: 
Tuesday, December 5, 2023
Professional Services, Data Management, Technology, Data Analytics, Insurance, Software, Disney International Programs, MGA, Organization, Swiss Re, PULSE, Azure, Microsoft Azure, Excellence, Microsoft, P&C, Swiss Insurance Association

Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, recently announced that Swiss Re Corporate Solutions was named "Digital Experience Champion" at Excellence in Insurance.

Key Points: 
  • Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, recently announced that Swiss Re Corporate Solutions was named "Digital Experience Champion" at Excellence in Insurance.
  • It recognized the outstanding performances of P&C organizations in categories including exceptional policyholder service, digital transformation, and innovative excellence in data and analytics.
  • Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group, a global provider of reinsurance, insurance, and other insurance-based forms of risk transfer.
  • Through PULSE, Swiss Re Corporate Solutions is demystifying the International Program market, providing a streamlined avenue for clients operating globally," said Chethan Giri, Head Technology Business Platforms at Swiss Re Corporate Solutions.

Datos Insights Recognizes Insurity as a Dominant Provider of MGA Solutions

Retrieved on: 
Wednesday, November 29, 2023
Data Management, Professional Services, Technology, Insurance, Software, MGA, Research, Policy, Organization, System, Software as a service, Financial adviser, Safe Auto Insurance Company

Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that Datos Insights, formerly known as Aite-Novarica Group, has recognized Insurity as a Dominant Provider of MGA core systems.

Key Points: 
  • Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that Datos Insights, formerly known as Aite-Novarica Group, has recognized Insurity as a Dominant Provider of MGA core systems.
  • Datos Insights defines a dominant provider as having strong market positions and momentum with solutions being well-known in the industry segment.
  • Datos Insights, a research and advisory firm with a focus on the insurance industry, provides strategic insights to help insurance organizations make informed technology decisions.
  • "We are thrilled to be recognized in Datos Insights’ latest report as a Dominant Provider of MGA solutions," said Sylvester Mathis, Chief Insurance Officer at Insurity.

AF Group Named "Automation Champion of the Year" Award Recipient at Excellence in Insurance, Sponsored by Insurity

Retrieved on: 
Tuesday, November 28, 2023
Professional Services, Data Management, Other Professional Services, Technology, Other Technology, Insurance, Software, MGA, Organization, AF Group, Automation, Excellence, P&C, Critical illness insurance

Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that AF Group was named "Automation Champion of the Year" at Excellence in Insurance.

Key Points: 
  • Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that AF Group was named "Automation Champion of the Year" at Excellence in Insurance.
  • It recognized the outstanding performances of P&C organizations in categories including exceptional policyholder service, digital transformation, and innovative excellence in data and analytics.
  • AF Group is a nationally recognized holding company whose affiliated insurance companies are premier providers of specialty insurance solutions offered through independent agents nationwide.
  • "AF Group is grateful to be named the Automation Champion of the Year by Insurity," said Samuel Hosey, Director, Innovation at AF Group.

Best’s Market Segment Report: AM Best Maintains Positive Outlook on Delegated Underwriting Authority Enterprises Segment

Retrieved on: 
Monday, November 27, 2023
Banking, Professional Services, Insurance, Finance, Research, MGA, AM Best, EST, Growth, News, Overalls, ALL, Reinsurance, Online shopping

AM Best is maintaining its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment at positive, citing its sustained growth and performance on a global basis and the ongoing ability to address underserved and emerging risks.

Key Points: 
  • AM Best is maintaining its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment at positive, citing its sustained growth and performance on a global basis and the ongoing ability to address underserved and emerging risks.
  • DUAEs comprise entities such as managing general agents, coverholders, program administrators, program underwriters, underwriting agencies and appointed representatives.
  • “The DUAE segment is still burgeoning with opportunity despite capacity constraints, specifically in the property market,” said Greg Williams, senior director, AM Best.
  • To view a video with AM Best Financial Analyst Riley Parnham on the DUAE segment outlook, please visit http://www.ambest.com/v.asp?v=duaeoutlook1223&AltSrc=182 .

OWIT Global Advances Its Insurance Data Management Solution

Retrieved on: 
Thursday, November 16, 2023
Banking, Software, Mobile, Wireless, Networks, Professional Services, Internet, Hardware, Data Management, Technology, Small Business, Insurance, Finance, Consulting, Data, MGA, Policy, Environment, ROI, SME, Online shopping

OWIT Global (OWIT), the leader in cloud-based insurance-specific microservices architected solutions to digitalize the global insurance industry, is pleased to announce that additional insurance specific business functionality has been added for onset and offset transactions to further complement the existing functionality to support the processing of policy, cash, and claims Bordereaux records.

Key Points: 
  • OWIT Global (OWIT), the leader in cloud-based insurance-specific microservices architected solutions to digitalize the global insurance industry, is pleased to announce that additional insurance specific business functionality has been added for onset and offset transactions to further complement the existing functionality to support the processing of policy, cash, and claims Bordereaux records.
  • Using OWIT’s enhanced onset-offset business rules when processing Bordereaux records, OWIT’s Insurance Data Management system can identify when offsetting transactions are needed and build these transactions for downstream reporting.
  • Since the solution’s inception, this input has widened the functionality, supported a host of bordereaux transactions, and provided the necessary controls for contract management,” said Wendy Aarons-Corman, Chief Executive Officer of OWIT Global.
  • “With all of our customers in production, the ROI to proprietary development or manual processing has proven to be a win.”
    The OWIT Global Insurance Data Management Solution is a no-code, configurable environment that gives the business user the power to onboard and manage all types of data and data sources, including bordereaux data streams.

KMG and Insurity Partner to Provide a Value-Driven Approach to Insurance Core Solution Deployment

Retrieved on: 
Tuesday, November 14, 2023
Software, Technology, Professional Services, Insurance, KMG, EVP, Automation, MGA, Partnership, P&C, Risk management

As an Insurity SI partner, KMG will help address the critical challenges faced by insurers when implementing and integrating core solutions by offering collaborative, capabilities-driven deployment options.

Key Points: 
  • As an Insurity SI partner, KMG will help address the critical challenges faced by insurers when implementing and integrating core solutions by offering collaborative, capabilities-driven deployment options.
  • This partnership between Insurity and KMG ensures that customers receive the best implementation and integration experience when they opt for Insurity's core solutions.
  • Specializing in the P&C insurance sector, KMG offers expertise in core transformation, software development, digital transformation, cloud migration, data analytics, and data migration.
  • Key benefits of this partnership include bolstered market presence, shared technical expertise, and a commitment to providing customers with a refined, value-driven approach to insurance core solution deployment.