Allied World Assurance Co., a Bermuda-based provider of professional underwriting insurance, puts more control of the policy administration process into the hands of producers who can then write new business via the Internet, anytime and anywhere. To accomplish this, the insurer has been building and perfecting an automated, Web-based platform that takes new policies from the initial application through the underwriting process, in many cases, delivering approved policies in a matter of minutes.
The system has been evolving since its first launch in 2003, when Bob Asensio, EVP, information technology for Allied World, first proposed and designed a self-service tool that would serve producers selling professional liability insurance to the small to medium-size business market. At that time, Asensio and his team were part of Darwin Professional Underwriters, which was eventually acquired by Allied World in 2007.
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