Verto adopts AdvantageGo’s Exact to drive growth

London, 11^th Mar, 2019: AdvantageGo the innovative commercial insurance and reinsurance software provider, announced that Verto Syndicate 2689 has adopted Exact, AdvantageGo´s exposure management insurance solution, to help them manage its exposure for its offshore energy book.

Verto was established in 2017 as a new Lloyd’s syndicate, with backing from Hampden and Asta as its appointed managing agent. It writes treaty reinsurance for cedants worldwide in areas including Property, Casualty, Marine and Energy and other Specialty lines.

Verto’s growth plans require a rigorous exposure management solution to enable it write a growing offshore energy portfolio whilst adhering to Lloyd’s controls and reporting requirements.  AdvantageGo’s Exact solution was the product best suited to this task and Verto ‘went live’ with Exact in March 2018.  Exact enables Verto’s underwriters to quickly and accurately visualise and interpret aggregate exposures across their entire book, ensuring that they are better informed at the point of decision-making.

One of the key features that makes Exact such a compelling proposition is its ability to swiftly and seamlessly connect to both internal and external data sources, meaning that Verto’s underwriters have all the information that they need at their fingertips.  AdvantageGo’s pioneering, cloud-based Microservices also seamlessly integrate with Exact, to deliver up-to-the-minute intelligence and can be tailored to specific requirements.

“AdvantageGo’s professionalism, in-depth understanding of our business and extensive digital roadmap reassured us that we had made a future-proof choice. AdvantageGo demonstrated flexibility in all aspects of their offering and were able to react quickly and decisively to meet our aggressive timeline,” said Andrew Cunningham, Chief Pricing Actuary, Verto Syndicate.

“AdvantageGo’s expertise enabled the team to quickly demonstrate how Exact can automate our currently manual exposure management processes.  Exact provides a map and a graphical-based reporting interface to significantly enhance our ability to comprehend our global exposures,” said Alex Kiy, Actuary, Verto Syndicate.

“We are delighted that Verto chose AdvantageGo as its strategic IT partner as they build up their book of business,” said Adrian Morgan, Executive Vice-President and Head of AdvantageGo at NIIT Technologies.  “We look forward to a continuing close relationship with Verto as they start to explore other AdvantageGo systems and Microservices to support their growth.”