#None #Sapiens International #AdvantageGo #Underwriting Workbench

AdvantageGo Launches Underwriting Workbench 3.0

In an exciting development for the insurance industry, AdvantageGo, a subsidiary of Sapiens International Corporation, has unveiled the much-anticipated Underwriting Workbench 3.0. This innovative tool is poised to revolutionize the traditional approach to underwriting, transforming it from a basic, pre-bind process into an intelligent management platform that enhances operational efficiency and accelerates growth.

A Comprehensive Solution

The new version is designed to support key stakeholders along the insurance value chain by delivering proactive decision intelligence geared towards optimal risk selection. In a landscape where traditional underwriting processes can be slow and cumbersome, the Underwriting Workbench 3.0 offers a dynamic solution that enables underwriters to navigate complex cases more effectively.

Lee Williams, Vice President at AdvantageGo, remarked on the release, saying, "We've reimagined the entire underwriting process with Underwriting Workbench v3.0, moving beyond standard workflows to create a system that adapts to how underwriters actually operate." This significant upgrade illustrates a paradigm shift in how specialty insurers approach their underwriting and operational efficiency.

Key Features and Benefits

The Underwriting Workbench 3.0 introduces several groundbreaking features that address the evolving needs of underwriters in both the EMEA and North American markets:

1. Non-linear Workflow Architecture: Underwriters can now navigate cases dynamically, eliminating bottlenecks and improving decision-making speed.

2. Seamless Collaboration and Integration: Enhanced integration with Microsoft Outlook and Teams facilitates real-time document sharing and automated notifications, ensuring all parties stay aligned throughout the underwriting process.

3. Real-Time, Customizable Analytics: Advanced analytics capabilities grant users immediate insights tailored to their roles, allowing them to monitor key performance metrics, risk exposures, and relevant market trends effectively.

4. Dedicated User Interfaces: The introduction of four operational modes—Action, Performance, Manager, and Admin—provides tailored user experiences designed to optimize workflows for various stakeholders, simplifying strategic decision-making and portfolio management.

5. AI Insights and Operational Excellence: The platform leverages artificial intelligence and data analytics, enabling underwriters to make informed decisions swiftly while significantly reducing manual processing time.

Tailored for Modern Underwriting

With many in the insurance sector still hampered by outdated legacy systems, the Underwriting Workbench 3.0 enables flexibility and collaboration, aligning with the modern underwriter's expectations. This tailored approach is expected to deliver significant advantages in underwriting digitization, which is crucial for maintaining competitiveness in the rapidly changing insurance landscape.

The new workbench builds on the company’s proven success in the London Market, strategically expanding its influence into North America—specifically targeting the unique demands of the U.S. and Canadian property and casualty sectors.

About AdvantageGo

With a solid history of over 30 years in the industry, AdvantageGo develops a modular platform specifically designed for specialty and commercial (re)insurers. This empowers underwriters across the complete policy lifecycle, from risk assessment to policy renewals and beyond.

In conjunction with its vast ecosystem of third-party data sources and applications, AdvantageGo enhances the underwriting process with timely insights that improve decision-making for optimal risk selection.

As the insurance industry continues to evolve, AdvantageGo’s Underwriting Workbench 3.0 stands as a testament to innovation, aiming to create a responsive and intelligent insurance environment that meets the demands of the modern market.

For more information on this groundbreaking tool, visit AdvantageGo's website.