Trending...
- North Carolina Author Carrie Sybert Celebrates Three Published Books - 111
- Nious Media Expands Independent Entertainment Network Through Gaming, Music and Digital Storytelling - 105
- Alan Hamilton of Shiver Hamilton Campbell Inducted as a Fellow of the American College of Trial Lawyers
Amwins is first to receive AM Best's PA-1 score, reflecting the highest standards for underwriting excellence
CHARLOTTE, N.C., Oct. 3, 2022 /PRNewswire/ -- Amwins, a global distributor of specialty insurance products and services, has received AM Best's highest assessment score for its delegated underwriting authority enterprises (DUAEs) across the firm. Launched this year, AM Best's Performance Assessment (PA) for Delegated Underwriting Authority Enterprises (DUAEs) is a comprehensive analysis consisting of quantitative and qualitative assessments of Underwriting Capabilities, Governance and Internal Controls, Financial Condition, Organizational Talent and Depth and Breadth of Relationships. PA scores range from the highest (PA-1) to lowest (PA-5), and Amwins is the first PA-1 score granted to any of AM Best's clients.
"Amwins has invested significantly in our underwriting capabilities over the last several years, working across programs and platforms to deliver the best for our carrier partners and our clients," said Scott Purviance, chief executive officer at Amwins. "Those who think of Amwins as a brokerage business would be surprised to know we underwrite $4.1B in premium volume. Our underwriting programs and products have established a track record for providing data-backed solutions across multiple industries and lines of business serving clients of all shapes and sizes."
More on ncarol.com
With underwriting capabilities spread across multiple divisions, Amwins is a trusted partner to more than 100 markets and boasts 550 dedicated underwriters that support more than 100 niche programs. Data and analytics are a crucial component of the Amwins underwriting approach and are embedded in our underwriting technology platform.
"AM Best's new DUAE assessment methodology provides a platform for MGUs seeking to differentiate themselves in the industry," said Mark Bernacki, chief underwriting officer at Amwins. "Collaboration across key Amwins touchpoints paints a compelling picture of the strength of our underwriting capabilities, and our PA-1 score shows how capable our underwriters and DUAEs are, the technology capabilities we have in-house, the strength of our financial and loss ratio performance and our unparalleled access to internal and external distribution networks."
AM Best recognizes the wide-ranging nature of strategic capabilities and considers the scale of a DUAE's competitive advantage, how such advantages will be sustained and leveraged and how new advantages are generated. Amwins implements innovative strategies in building and scaling our underwriting infrastructure and tools, along with our experienced team of underwriters, actuaries and CAT modelers to deliver profitable underwriting results for our carrier partners.
More on ncarol.com
About Amwins
Amwins is the largest independent wholesale distributor of specialty insurance products in the U.S., dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products, and administrative services. Based in Charlotte, N.C., the company operates through more than 155 offices globally and handles premium placements in excess of $29.3 billion annually.
About AM Best
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
For further information contact:
Amwins
Patrick Smith
Telephone: 704.826.2723
Email: [email protected]
SOURCE Amwins
CHARLOTTE, N.C., Oct. 3, 2022 /PRNewswire/ -- Amwins, a global distributor of specialty insurance products and services, has received AM Best's highest assessment score for its delegated underwriting authority enterprises (DUAEs) across the firm. Launched this year, AM Best's Performance Assessment (PA) for Delegated Underwriting Authority Enterprises (DUAEs) is a comprehensive analysis consisting of quantitative and qualitative assessments of Underwriting Capabilities, Governance and Internal Controls, Financial Condition, Organizational Talent and Depth and Breadth of Relationships. PA scores range from the highest (PA-1) to lowest (PA-5), and Amwins is the first PA-1 score granted to any of AM Best's clients.
"Amwins has invested significantly in our underwriting capabilities over the last several years, working across programs and platforms to deliver the best for our carrier partners and our clients," said Scott Purviance, chief executive officer at Amwins. "Those who think of Amwins as a brokerage business would be surprised to know we underwrite $4.1B in premium volume. Our underwriting programs and products have established a track record for providing data-backed solutions across multiple industries and lines of business serving clients of all shapes and sizes."
More on ncarol.com
- Atlanta Company Launches Free, Ad-Free, Nonpartisan Voter Planning App for All 50 States Ahead of the Nov. 3 Election
- NECP Promotes Chertova to Senior Business Analyst
- Security Industry Veteran Anthony Rumore Launches AegisLead to Help Security Companies Find Business and Manage Growth
- Charlie Shaw and Patrick Carragher win SEO Agency of the Year 2026
- Canadian Woman Plants 1,667 Love Stories in a Field of Peonies That Could Bloom for 100 Years
With underwriting capabilities spread across multiple divisions, Amwins is a trusted partner to more than 100 markets and boasts 550 dedicated underwriters that support more than 100 niche programs. Data and analytics are a crucial component of the Amwins underwriting approach and are embedded in our underwriting technology platform.
"AM Best's new DUAE assessment methodology provides a platform for MGUs seeking to differentiate themselves in the industry," said Mark Bernacki, chief underwriting officer at Amwins. "Collaboration across key Amwins touchpoints paints a compelling picture of the strength of our underwriting capabilities, and our PA-1 score shows how capable our underwriters and DUAEs are, the technology capabilities we have in-house, the strength of our financial and loss ratio performance and our unparalleled access to internal and external distribution networks."
AM Best recognizes the wide-ranging nature of strategic capabilities and considers the scale of a DUAE's competitive advantage, how such advantages will be sustained and leveraged and how new advantages are generated. Amwins implements innovative strategies in building and scaling our underwriting infrastructure and tools, along with our experienced team of underwriters, actuaries and CAT modelers to deliver profitable underwriting results for our carrier partners.
More on ncarol.com
- Peruvian Gold Wellness Shares Free 2026 Holiday Shopping Guide
- New Research Spotlight, Expanding TUSC2 Science & Strategic Development Milestones Put Gene Therapy Innovation into Focus for Genprex (NAS DAQ: GNPX)
- Hall of Fame Speaker Kelly Swanson Competes for National Top Host Title
- Hall of Fame Speaker Kelly Swanson Launches New Book and Brings Comedy Show to Louisburg, NC
- North Carolina Author Carrie Sybert Celebrates Three Published Books
About Amwins
Amwins is the largest independent wholesale distributor of specialty insurance products in the U.S., dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products, and administrative services. Based in Charlotte, N.C., the company operates through more than 155 offices globally and handles premium placements in excess of $29.3 billion annually.
About AM Best
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
For further information contact:
Amwins
Patrick Smith
Telephone: 704.826.2723
Email: [email protected]
SOURCE Amwins
Filed Under: Business
0 Comments
Latest on ncarol.com
- Preston Dermatology & Skin Surgery Center and Dr. Sheel Desai Solomon Win Gold in Raleigh's Best Awards for Second Consecutive Year
- We are Talker Study: 64% of AI Users Have Bought From a Brand AI Introduced, as The Invisible Shortlist Reshapes Brand Discovery
- One in three Americans may have lost track of retirement savings from a previous job
- Political Concerns Drive US Investors to Golden Visas
- Nious Media Expands Independent Entertainment Network Through Gaming, Music and Digital Storytelling
- Drake Turns 40 With Backstreet Boys; KayeDinero Drops "The Bounce (Elmo Mix)"
- Triangle Home Safety Offers Aging in Place Services Across Raleigh, Cary and Apex
- 2027 Health Insurance Open Enrollment
- Gahl Sasson Releases "Agents of Chaos & Angels of Change: The Astrology of 2027
- What's Beneath Your Feet?: Anti-Viral Flooring Helps Create Healthier Spaces
- Control & Co. Launches Digital Audit Readiness Toolkit for Small Businesses
- Zazie Productions Brings Experimental Sound Art to Psychological Horror Film Scoring
- Tek84 Unveils New Brand Identity Built to Magnify What Security Officers Can Do
- CoreVar Announces Cooking with AI, an Eight-Topic Live Webinar Series
- Mr Hospital Bed Cites Hill Rom Hospital Bed Models Best Value Home Care Hospital Beds 2026
- WOWX labs Closes US$10 Million Founder-Led Growth Financing as WOWX.market Enters Scale Phase
- BESTBUYSTORE opens its dropshipping model to independent merchants
- America's Hometown Thanksgiving Parade in Plymouth, MA, on Saturday, November 21, 2026
- Navigating a Changing Market: How AIX Group Is Responding to a Challenging Year
- 450 Million Revenue Run Rate, Global Telecom Reach and a New Digital Growth Opportunity Take Center Stage: IQSTEL, Inc. (N A S D A Q: IQST)