AmeriTrust joins a growing group of carriers who are moving away from core replacement projects in favour of modern technology (big data, AI, and cloud-based) solutions.
Intellect Xponent leverages big data and machine learning, and wraps around an existing PAS, extending the system’s capabilities as well as the life of legacy assets. It provides access to thousands of third-party data sources which, when combined with internal data, generates a well-rounded risk profile of the client. It makes underwriting account-centric, giving an underwriter complete visibility into an insured, across all business lines and products. And most importantly, it enables underwriters and agents to seamlessly collaborate in real time.
John Baird, AmeriTrust’s President of Admitted Carriers commented, “We chose Xponent to provide a common platform for our agents and underwriters. It will enable enhanced collaboration to improve the underwriting process, while accelerating turnaround time for our common clients, the insureds. This tool increases our ability to use predictive analytics, generating assessments of expected losses based on customer demographics and internal data, within minutes.”