Zywave and Its Clariondoor Rating And Distribution Solution Join AdvantageGo Ecosystem, Enabling Improved Product Distribution For Rating In Real Time
London, 23 March 2023 – 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.”
AdvantageGo helps insurance companies to look from an increasingly precarious future back to today. The difference is clarity. And profit. By bringing the future more efficiently and effectively into the present, we position insurers´ profits at the heart of their business – today, not tomorrow. Our pioneering platform and 25 years of experience mean AdvantageGo offers insurers the IT agility they need to create an intelligent digital strategy. Learn more at www.advantagego.com
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides us a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 26 delivery centers across nine countries. Learn more at www.coforge.com
Zywave leads the insurtech industry, fueling business growth for its partners with cloud-based sales management, client delivery, content, and analytics solutions. Zywave’s all-in-one platform provides customizable, user-friendly options that enable insurance professionals to build a unique solution to fit their specific growth goals. More than 15,000 carriers, agencies, and brokerages worldwide – including all of the top 100 U.S. insurance brokerages – use Zywave solutions to enhance client services, achieve business growth and promote greater health, wellness, risk management and safety. Additional information can be found at www.zywave.com.