Arch Insurance North America, which is part of Bermudian-based Arch Capital Group Ltd, has received PropertyCasualty360’s Insurance Luminaries Award for Technology Innovation.

The company said this recognition highlights its Arch Apex portal, a digital platform that simplifies the accident insurance buying process.

“We are honoured to receive this recognition for Arch Apex,” said Jim Villa, senior vice-president of Arch Accident & Health.

“This platform represents another commitment by Arch towards modernisation and has set a new standard for efficiency and client service. In doing so, it has also become a testament to our vision for the future of the insurance industry.”

The Insurance Luminaries Awards are organised by NU Property & Casualty magazine and PropertyCasualty360.com, which are news and events outlets in the P&C insurance industry and part of ALM, a global information company.

The awards highlight innovation in five key areas for insurance: claims, coverage, risk management, technology and workplace culture.