Trending...
- A Family Affair: Abernethy Laurels Hosts a Wedding with Heart
- Streamlining Seasonal Shutdowns: SPX FLOW Ensures Operational Continuity
- New AI Academy Helps Therapists Embrace Tech Without Losing Their Humanity
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
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
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
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
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
- $328 Million Global Stroke Rehab Market Opportunity Awaits AI Telehealth Leader Following Selection for NIH Funded Phase 3 Clinical Study: VSee Health
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI
- VoodooSoft Unveils SiriusLLM: The World's First ChatGPT-Like AI Malware Detection Engine
- This Ain't Press. This Is Pressure — Star Command by RansomXX is Out Now
- An Exclusive VIP Reception Honoring Vocal Prodigy Alliana Lili Yang's Remarkable Achievements and Magazine Cover Spotlight
- A Family Affair: Abernethy Laurels Hosts a Wedding with Heart
- Joyce Carol Oates Returns to Hard Case Crime With DOUBLE TROUBLE
- New AI Academy Helps Therapists Embrace Tech Without Losing Their Humanity
- Streamlining Seasonal Shutdowns: SPX FLOW Ensures Operational Continuity
- IQSTEL Surges Toward $400M Run Rate with $101.5M in Revenue—Reinforces Billion-Dollar Vision Backed by Fintech, AI, and Cybersecurity
- Alpha Modus Files 7th IP Action Against Rackspace Following $3M CEO Investment and Strategic Partnership Expansion
- Mortgage Rates And Demand Are Stuck In A Holding Pattern
- Coker Completes Acquisition of Healthcare Cost Solutions, a Leading Expert in Technology-Enabled Compliance Services
- Industry's First-Ever LTL Freight Claims Index
- Keepy Uppy™ by Ollyball Wins Prestigious 2025 Influencer Award from Clamour & The Toy Association; Announces Fall 2025 Launch at Target Stores
- K2 Integrity's U.S. and EMEA Teams Recognized in Chambers and Partners 2025 Guides
- The Benefits of Choosing Dental Implants in Kernersville Over Traditional Dentures
- A rare chance to own a multi-family property in the heart of Bay Ridge
- LA Laura Paris Drops Underground Girl Remixes
- Nationally Recognized Hispanic Activist and Businessman, Luis Figueroa, to speak at CPAC Latino 2025, Showcasing Hispanic Leadership in Action