Technology budgets for insurance companies are expected to increase by nearly 14 percent in 2022, according to Deloitte. In the company’s recent survey, nearly three-quarters of respondents anticipated additional spending for artificial intelligence and 7 out of 10 expected strong growth in the acquisition of data. None of this should be a surprise to anyone. … Read more
At Accelerant, we’re motivated by our mission to rebuild insurance so that it’s fair, transparent and efficient. We’re often asked what it’s like to work at a global company with an audacious vision, so we thought we’d give a peek behind the scenes through our Employee Perspectives… series. After all, people are at the heart … Read more
Small business insurance goes back a long, long way. It was formalized when British merchants began to finance voyages before shipping goods overseas, sharing the financial burden to reduce the risks of piracy and bad weather and support global commerce. In fact, the first U.S. insurance company was founded by Benjamin Franklin in 1752. Small … Read more
At Accelerant, we only win when our Members win. We are organized around and on behalf of our Members to provide a single source for their entire portfolio of products while eliminating the conflicts typical of conventional carriers. All of this is by design. Accelerant also serves Member MGAs by solving the following critical issues … Read more
A lot of factors play into customer-centricity in insurance: relationships, collaboration, a single point of contact and transparency. But increasingly, data also stars in a leading role. Customer-centricity involves anticipating customer wants and needs and then getting it right. It’s not just a nice-to-have: Customer-centric businesses are an impressive 60% more profitable than those that … Read more
We call the MGAs and speciality underwriters we work with “Members” — not “clients” or “customers” — to underscore the importance of these relationships to us. For starters, here is what being a Member at Accelerant doesn’t mean. When you are an Accelerant Member, you don’t have to worry about: When you strip away what … Read more
Accelerant started with a simple question: How can we return back to the basics of insurance? The roots of insurance, after all, sound pretty simple: Just a policyholder, exchanging risk with a risk bearer, in a simple and fair way. Sure, it was a century ago, but for all the complications of life 100 years … Read more