Blog — August 18, 2022
The insurance industry is not alone in its requirement to address the multiple technology-driven disruptions of the modern world. At Ethos Specialty, we have embraced technology and the digital future of our business, harnessing innovative tools and methods to help us deliver superior results to our key stakeholders.
Client tools to mitigate risks: We seek technology-driven tools and capabilities to help our clients manage risks within their own operating environments.
Advanced Analytics: We believe that driving innovative thinking with rich data sets and analytics results in enhanced decision making and better outcomes.
Increased operational efficiency: We use technology to automate where appropriate, we simplify processes, drive efficiencies in access, optimize operational costs, and sustain a focus on superior client service.
The ArrayTM Portal: Our award-winning platform is a proprietary broker-facing online portal that offers our clients a low-touch, tech-driven access to coverage solutions in the SME (Excess) Casualty space. We utilize algorithmic rating and API capabilities to assess both risk selection and pricing in a dynamic market construct.
Habitational Risk – General Liability: We have created a proprietary pricing algorithm using third-party data to accurately assess the frequency and volatility of these risks. This allows us to underwrite on a more granular level, offering our brokers and clients dynamic exposure pricing.
NY Contractors: This has historically been an incredibly difficult business to underwrite successfully over the market cycles. We maintain a view that a critical piece to the long-term success of this program is the linking of technology and digital tools in driving both superior risk and claims management through the underwriting process – including the use of cameras, feeds, databases and portable technology in site safety requirements and loss control analysis.