AdvantageGo, a commercial re/insurance software provider, has announced a partnership to provide its Exact exposure management platform to Beat Capital Partners, a venture capital investor focused on the insurance industry.
As an incubator of insurance talent for ambitious and entrepreneurial underwriters and underwriting teams, Beat provides them with start-up funding, infrastructure, risk capital, guidance and support services.
Andrew Cunningham, Deputy Active Underwriter of Beat Syndicate 4242 said: “We started a new energy class trading as Horace Underwriting and required an Exposure Management solution. We selected Exact based on previous experience and their ability to meet our requirements and timescales, at satisfactory value.
“Many of our staff, both support and underwriting, had experience with the product and were persuaded by the improvements that have been made in the latest updates. The implementation experience, with AdvantageGo providing competent and experienced resources, helped to ensure a successful implementation.”
The Exact platform enables underwriting teams to interpret and control their aggregate exposures across the book quickly, accurately and confidently.
Its interconnected, end-to-end exposure management software allows the assessment of exposures with greater granularity, enabling better informed decisions.
Ian Summers, Global Business Leader, AdvantageGo, said: “We have a lot of admiration for Beat’s investment philosophy and operating model. The company is all about efficiency, enabling and supporting underwriters to be more dynamic, fleet of foot and effective.
“We are proud that they are choosing AdvantageGo and Exact as an enabling tool to enable that effectiveness and drive profitability across their business. Beat provides scale and infrastructure to entrepreneurial underwriting, and we’re very pleased to be part of this market-winning package,” Summers said.
Bob Riddler, AdvantageGo Account Director, noted how this partnership is a great example of how quickly Exact can be inserted into the underwriting process; as “this happen, from ‘out of the box’ to live in just a few weeks in May and June.”
