Roamly Strengthens Reinsurance Partnerships to Fuel Innovation and Growth
In a significant move to bolster its capabilities, digital insurance company Roamly has announced the expansion of its reinsurance partnerships with six leading industry players: Apollo, ICW, Ladder Re, SiriusPoint, Spinnaker, and Vantage. This strategic development underscores Roamly’s commitment to delivering innovative insurance solutions that cater to the evolving needs of the market.
A Digital Insurance Platform for the Modern Era
Roamly’s Enterprise Platform is a cutting-edge digital insurance platform equipped with proprietary actuarial and underwriting modules. These advanced tools enable the rapid development and deployment of tailored insurance products, ensuring that customers receive the most relevant and effective coverage options.
Expertise and Precision
Roamly’s in-house team of experts, comprising actuaries and underwriters, ensures precise risk assessment and the implementation of market-responsive pricing strategies. This expertise is complemented by the company’s comprehensive range of services, including risk, legal, and claims management, which guarantees “effective risk oversight” and a seamless claims experience for customers.
A Testament to Operational Resilience
According to Roamly’s Chief Insurance Officer, Aaron Ammar, “Expanding our reinsurance partnerships with improved economics is a testament to Roamly’s operational resilience and the trust our partners place in our capabilities.” This development enables Roamly to innovate and scale quickly, empowering the company to meet the unique needs of its customers with unmatched efficiency and reliability.
Industry Recognition and Endorsement
Torben Ostergaard, CEO of Spinnaker Insurance, praised Roamly’s operational excellence, stating, “Roamly has worked diligently to deliver strong results in a challenging insurance environment, a testament to their operational excellence and strong actuarial, underwriting, and risk management expertise.”
AI-Enabled Insurance Solutions
Roamly’s digital insurance technology and solutions feature AI-enabled software modules that assist insurance companies in developing products, improving speed to market, and managing risk effectively. With operations spanning the US, Canada, and Europe, the platform supports key functions such as pricing, underwriting, policy and claims management, and offers a “digital-first quote-to-bind experience”.
A Commitment to Innovation and Growth
By strengthening its reinsurance partnerships, Roamly is poised to drive innovation and growth in the insurance industry. With its cutting-edge technology, expert team, and comprehensive services, Roamly is well-positioned to meet the evolving needs of its customers and stay ahead of the curve in a rapidly changing market.
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