WEST HARTFORD, Connecticut–(BUSINESS WIRE)–Aurenity, a new technology-enabled E&S agency, today announced that it has selected Origami Risk as its technology partner to develop its core underwriting platform.
Founded by leading underwriting executives and technology experts, Aurenity is building a cutting-edge underwriting ecosystem to deliver sophisticated pricing, rapid go-to-market adjustments, and best-in-class service. MGA’s platform technologies will optimize the underwriting process through automation, real-time analytics and portfolio management tools. By investing in continuous innovation, they believe their pricing data and technology will enable sustainable competitive advantage.
Origami will work with the Aurenity team to develop the MGA subscription platform. With a versatile set of solutions, an experienced design and implementation team, and proven high-quality support services, Origami offers bespoke configurations and a multi-tenant platform that adapts to a variety of business models and facilitates streamlined underwriting and automated policy administration.
“Origami Risk is a highly configurable solution that will be at the heart of our underwriting ecosystem,” said Patrick Safino, COO of Aurenity. “Their capabilities will allow our underwriting teams to automate the policy lifecycle and spend more time with our brokers. It also gives us the flexibility to make real-time adjustments to our “augmentTM” pricing algorithms as market conditions change. »
“We are delighted that Aurenity has selected our true, versatile SaaS insurance technology solution for its underwriting platform,” said Chris Bennett, President, Core Solutions at Origami Risk. “We look forward to working closely with their team to create a scalable solution that provides the tools and features that meet their current and future needs as they expand their solution set, distribution network and customer base. .”
Aurenity was launched in January 2022 with the backing of investor Agman with $10 million in seed funding. Safino confirmed that the build of Aurenity is on track, with a number of high profile hires and key partnerships finalized. Aurenity expects to go live in the third quarter of its initial excess insurance product, with plans for additional offerings in the works.
Origami Risk offers a full suite of end-to-end integrated SaaS solutions for policy, pricing, billing, loss control and claims administration, reporting and analytics, and engagement experience comprehensive digital platform for all internal and external stakeholders.
Aurenity combines market-leading talent with cutting-edge underwriting analytics to deliver a new MGA for the E&S market. We were founded by underwriting entrepreneurs and technology experts with a shared love of data and a common interest in industry innovation. We are building a technology platform to deliver sustainable profits to our carriers and top-notch service to our brokers throughout the market cycle. Aurenity will provide sophisticated risk insights and portfolio management tools to make smarter underwriting choices. Underwriting performance and distribution scale are not mutually exclusive, we believe they should be in symbiosis with the right view of risk. There is a better way and Aurenity leads it. Visit aurenity.com or contact Aurenity at [email protected]
About Origami Risk – Core Solutions Division
Origami Risk provides integrated SaaS solutions that simplify insurance, risk, and security for insurers, managing general agents (MGAs), program administrators, third-party claims administrators (TPAs), risk pools, brokers and more. Origami Risk delivers its highly configurable and fully scalable integrated insurance central system, risk management and security solutions from a secure, multi-tenant platform accessible through a web browser and mobile app. Visit origamirisk.com or contact Origami at [email protected]