Aurenity, a newly launched tech-enabled E&S MGA, announced it has selected Origami Risk as its technology partner to develop its core underwriting platform.
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Aurenity, a new tech-enabled E&S MGA, selected Origami Risk as its tech partner to develop its core underwriting platform. Origami’s tailored configurations and multi-tenant platform facilitate streamlined underwriting and automated policy administration.
Founded by leading underwriting executives and technology experts, Aurenity is building a cutting-edge underwriting ecosystem to deliver sophisticated pricing, speed-to-market adjustments, and best-in-class service. The MGA’s platform technologies will optimize the underwriting process through automation, real-time analytics, and portfolio management tools. Through investment in continuous innovation, they believe their pricing data and technology will enable a sustained competitive advantage.
Origami will work in collaboration with Aurenity’s team to develop the MGA’s underwriting platform. With a versatile solution set, experienced design and implementation team, and proven high-quality support services, Origami delivers tailored configurations and a multi-tenant platform that accommodates a variety of business models and facilitates streamlined underwriting and automated policy administration.
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“Origami Risk is a highly configurable solution that will be central to our underwriting ecosystem,” said Patrick Safino, COO of Aurenity. “Their capabilities will enable our underwriting teams to automate the policy lifecycle and spend more of their time engaged with our brokers. It also provides us with the agility to make real-time adjustments to our ‘augmentTM’ pricing algorithms as market conditions shift.”
“We’re delighted that Aurenity has selected our versatile, true SaaS insurance technology solution for its underwriting platform,” said Chris Bennett, president, Core Solutions at Origami Risk. “We look forward to working in close collaboration with their team to create a scalable solution that provides the tools and functionality that meets their needs now and well into the future as they expand their solution set, distribution network, and client base.”
Aurenity launched in January 2022 backed by investor Agman with $10 million seed funding. Safino confirmed that Aurenity’s build-out is on track, with a number of high-profile hires and key partnerships finalized. Aurenity plans to go live in Q3 with its initial excess casualty product, with plans for additional offerings in the pipeline.
Origami Risk offers a full suite of end-to-end, integrated SaaS solutions for policy, rating, b******, loss control and claims administration, reporting and analytics, along with a comprehensive digital engagement experience for all internal and external stakeholders.
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