Insurity recognized AF Group for incorporating effective automation strategies and tools into their underwriting processes
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. The Excellence in Insurance awards ceremony took place in San Diego. 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 recognized that a primary challenge their underwriters faced was the time-consuming task of manually searching through multiple sources of loss data, which could lead to incorrect loss projections, underwriting errors, and gaps in pricing.
Recognizing the urgency for an automated approach to loss data, AF Group partnered with Groundspeed Analytics to engineer a process that facilitates seamless loss run submissions from AF Group's internal pricing tool directly to Groundspeed. Results are imported into AF Group's loss projection tool within minutes. The outcomes have been transformative, as AF Group's underwriters now operate at increased speed and precision and are more confident in the results they produce. Enhanced data mining capabilities have further augmented their ability to assess trends, expenses, and more.
"AF Group is grateful to be named the Automation Champion of the Year by Insurity," said Samuel Hosey, Director, Innovation at AF Group. "The power of automation has greatly accelerated our processes and allowed us to tap into increased levels of efficiency. However, it is essential to acknowledge the irreplaceable role of human insight in our operations. Automation has propelled us further in our journey, but the melding of human expertise with technology truly amplifies our success."
"Automation continues to be a driving force of change within the industry, and those who successfully incorporate it into their business are poised to succeed in the marketplace," said Sylvester Mathis, Chief Insurance Officer at Insurity. "AF Group demonstrated the ability to successfully harness automation technologies to revolutionize operational processes, enhancing efficiency and productivity."
For more information about the Excellence in Insurance awards, please contact Elizabeth.Hutchinson@insurity.com.
About Insurity
Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform, unrivaled industry experience, and the industry's most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit www.insurity.com.
About AF Group
AF Group is a nationally recognized holding company whose affiliated insurance companies are premier providers of specialty insurance solutions offered through independent agents nationwide. All policies are underwritten by a licensed insurer subsidiary. For more information, visit afgroup.com. © AF Group.
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Contacts
Elizabeth Hutchinson
Elizabeth.Hutchinson@insurity.com
