Source: Fintech Global
The essence of this partnership lies in addressing a critical market need while introducing a competitive edge through technology-enhanced underwriting processes and infrastructure. Amwins, headquartered in Charlotte, N.C., stands as a prominent wholesale distributor of specialty insurance products in the United States. The company boasts a strong presence with over 7,300 employees and more than 155 global offices, managing over $33bn in annual premium placements. On the other side, Boost Insurance, with its full-stack digital insurance platform, simplifies the integration of digital insurance programs into various business models, offering a comprehensive infrastructure-as-a-service solution.
Amwins President Ryan Armijo said, “Partnering with Boost has enabled us to fill a market need and create a more competitive offering through expanded underwriting appetite and technology-focused infrastructure. Their platform is built for scale, so we look forward to growing our partnership, and working together to address new needs and opportunities in the insurance market.”
Boost CEO and Founder Alex Maffeo remarked, “Amwins is a market leader in the specialty insurance space, with a strong distribution network already in place. We look forward to helping them scale an already successful program to even greater heights with the increased efficiency and automation enabled by the Boost platform, along with tapping into both of our established networks of reinsurance capacity.”
Read full article: https://fintech.global/2024/04/03/amwins-and-boost-insurance-innovate-legal-liability-coverage-with-new-technology-driven-partnership/
