Technology

These four technologies belong in every E&S insurer’s tech stack

Manual processes don’t cut it for E&S insurers if they want to remain competitive in today’s growing market. Traditional approaches may have been sufficient for lower transaction volumes, but as the market continues to expand, better use of technology is an imperative.

AI, data, embedded insurance and the E&S market

So much is changing in the E&S market. According to S&P Global, the sector has seen double-digit year-over-year growth for five consecutive years.

AI solves two key challenges for E&S companies

Xceedance’s Sachin Kulkarni discusses how AI can help E&S insurers identify new areas for innovation while increasing productivity.

Q&A with XS Brokers’ Adam Devine

Wholesaler XS Brokers has been riding the wave of the E&S market’s expansion, with the Quincy, Massachusetts-based intermediary continuing to add talent and moving into new lines as it looks to broaden its reach.

Enabling the specialists

In this second instalment of a two-part interview with OIP president and CEO Martina Seferovic, the executive talks about the unique needs of the E&S sector and how modernisation efforts need to be carefully shaped to meet them.

Amwins launches InstantQuote multiline quoting platform

Wholesale giant Amwins has launched Amwins InstantQuote (Amwins IQ), an online marketplace enabling access to firm, bindable quotes from multiple carriers within minutes.

Transformation: navigating change and reaping the benefits

In this first instalment of a two-part interview with OIP president and CEO Martina Seferovic, we learn how to confront and successfully address concerns about transformation to facilitate much-needed further modernisation in the E&S sector.

CRC names Alaniz chief digital officer for commercial solutions

CRC Group has appointed Angela Alaniz as chief digital officer of its commercial solutions division, in a move the wholesaler said underscores its “unwavering commitment” to data and its “determination to remain at the forefront of digital innovation within the insurance industry”.

Amwins brands data and analytics capabilities as Amwins DNA

Wholesale giant Amwins has launched Amwins DNA, a brand for its comprehensive and proprietary portfolio of data and analytics capabilities.

OIP: Tech tailored for the E&S industry

Speaking to The Insurer TV on the sidelines of WSIA Annual Marketplace 2023 recently, OIP’s president and CEO Martina Seferovic explained how clients can utilise technology like artificial intelligence, and OIP Robotics – the firm’s specialty lines insurtech – to boost efficiency.

Roundtable: Industry looks to potential benefits of AI adoption as tech fuels broader advancements

Underwriters may benefit from the adoption of AI given that it can “do miracles” when it has access to high-quality data, while broader technological advancements such as aerial imagery are providing tools that can revolutionise the claims process and potentially reduce fraud.

Harnessing the power of AI to transform insurance

OIP’s COO Milos Petrovic believes insurance companies can stay ahead of the pack and deliver better value to insureds by embracing AI...

Orion180 targets Florida entry and commercial lines roll-out

Recently converted full stack E&S carrier Orion180 expects to double its $150mn book of business in 2023 with plans to grow its existing coastal homeowners book as well as expand geographically and into commercial lines as it also eyes a potential Florida entry later this year, E&S Insurer can reveal.