Recently launched tech-enabled E&S MGA, Aurenity has selected Origami Risk as its technology partner to develop its core underwriting platform.
Founded by leading underwriting executives and technology experts, Aurenity is building a cutting-edge underwriting ecosystem to deliver sophisticated pricing, speed-to-market adjustments, and best-in-class service.
In addition, the tech-enabled MGA’s platform technologies will optimize the underwriting process through automation, real-time analytics, and portfolio management tools.
At the same time, Origami will work in collaboration with Aurenity’s team to develop the MGA’s underwriting platform.
With its versatile solution set, experienced design and implementation team, and proven high-quality support services, Origami delivers tailored configurations and a multi-tenant platform that accommodates a variety of different business models and facilitates streamlined underwriting and automated policy administration.
Patrick Safino, COO of Aurenity, commented: “Origami Risk is a highly configurable solution that will be central to our underwriting ecosystem. Their capabilities will enable our underwriting teams to automate the policy lifecycle and spend more of their time engaged with our brokers. It also provides us with the agility to make real-time adjustments to our ‘augmentTM’ pricing algorithms as market conditions shift.”
Chris Bennett, president, Core Solutions at Origami Risk, added: “We’re delighted that Aurenity has selected our versatile, true SaaS insurance technology solution for its underwriting platform. We look forward to working in close collaboration with their team to create a scalable solution that provides the tools and functionality that meets their needs now and well into the future as they expand their solution set, distribution network, and client base.”
Furthermore, Safino also confirmed that Aurenity’s build-out is on track, with a number of high-profile hires and key partnerships finalized.
The company also plans to go live in Q3 with its initial excess casualty product, with plans for additional offerings in the pipeline.
