AM Best Reaffirms Amwins Top Score for DUAE Performance Assessment
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CHARLOTTE, N.C., Nov. 7, 2024 ~ Amwins, a leading distributor of specialty insurance products and services, has once again proven its commitment to underwriting excellence by achieving AM Best's highest assessment score for its delegated underwriting authority enterprises (DUAEs) across the firm. This marks the third consecutive year that Amwins has secured the prestigious PA-1 rating.

Introduced in 2022, AM Best's Performance Assessment (PA) for Delegated Underwriting Authority Enterprises (DUAEs) is a comprehensive evaluation that takes into account both quantitative and qualitative aspects such as underwriting capabilities, governance and internal controls, financial health, organizational talent, and the breadth and depth of relationships. The PA scores range from PA-1, the highest, to PA-5, the lowest. Amwins is proud to be the only firm among AM Best's clients to have earned a PA-1 score.

Scott Purviance, chief executive officer at Amwins, expressed his pride in receiving AM Best's highest assessment once again. He attributed this achievement to the dedication and collaborative spirit that drives Amwins. With a robust underwriting portfolio of over $5.2 billion in premium volume, Amwins prides itself on its data-driven underwriting platform that allows them to provide customized solutions for their retail clients while also delivering appropriate returns for their carrier partners.

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Amwins' underwriting strength spans multiple divisions and has fostered partnerships with over 100 markets. They have a network of 550 specialized underwriters supporting more than 120 niche programs. The company places great emphasis on data and analytics and has integrated it into their strategy through their proprietary Amwins DNA platform launched last year. This comprehensive suite of data and analytics capabilities sets Amwins apart within the wholesale insurance industry.

Mark Bernacki, chief underwriting officer at Amwins, highlighted how AM Best's DUAE assessment provides a unique benchmark for MGUs to showcase their industry leadership. He credited their PA-1 rating to the excellence demonstrated by their underwriters, the strategic deployment of their technological assets, and their strong financial performance. These factors combined reinforce Amwins' unmatched distribution network.

AM Best's analysis recognizes the extensive strategic capabilities required for competitive advantage and emphasizes how these capabilities are sustained, leveraged, and expanded. Amwins continues to leverage innovative strategies, advanced infrastructure, and an expert team of underwriters, actuaries, and CAT modelers to achieve profitable outcomes for its carrier partners. This recognition from AM Best further solidifies Amwins' position as a leader in the insurance industry.

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