Trending...
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- Veterans for America First's Vet Force community outreach is expanding said David Draper VFAF
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.
More on ncarol.com
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.
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.
More on ncarol.com
- Josh and Heidi Follow Up the Much Anticipated and Successful Launch of the "Spreading the Good BUZZ" Podcast with a Personal Request
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
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.
Filed Under: Business
0 Comments
Latest on ncarol.com
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Marvelous Mouse Talk Named One of the Top 100 Disney Podcasts by MillionPodcasts
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Needing a windshield replacement in North Carolina?
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- New Bible Study Unpacks Jesus' Prophecy on Temple Destruction and His Return
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- Just As The Sun Colors Flowers, Art Colors Life
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- Duke Energy to announce second-quarter financial results on Aug. 5