AdvantageGo, the commercial re/insurance technology provider, has announced an underwriting platform partnership with Canopius, the global specialty re/insurer with an operation in Bermuda.

The London-based organisation will provide its workbench application, Underwriting, which will be implemented across all lines of insurance and reinsurance business underwritten within the Canopius UK and London Market teams, and is expected to go live next year.

Underwriting, from AdvantageGo, systemises an underwriter’s knowledge and delivers analytics-driven insights throughout the decision-making process.

Consolidating all underwriting functions into a single platform, AdvantageGo said, Underwriting integrates into established core policy administration systems, driving significant benefits in operational efficiency and data accuracy that massively increases the velocity and agility of decision-making.

Powered by an ecosystem of data providers that supports data-led decisions, the company said, Underwriting proactively delivers new business insights and risk specific knowledge.

Combined with an underwriter’s own intellectual property, underwriters can create new products, understand risk at new levels of granularity and differentiate beyond their peers.

Kate Roy, group chief operating officer of Canopius, said: “Our underwriters are highly engaged with, and excited by, this project, which will function as the test case for the technology’s broader roll out across lines of business.”

She added: “Improved insights and automation gains, streamlining and improving operational processes, which the Underwriting workbench application will bring to our teams, will ultimately lead to better decision-making by better-informed underwriters. We see considerable value in this product.”

Ian Summers, global business leader, AdvantageGo, said: “The application integrates with other existing tools, such as those that Canopius uses for pricing and sanctions checks. The goal is to provide underwriters with a single-pane-of-glass view of risks that they can use to market-leading effect.”