Specialty re/insurer and part of the Canopius Group, Canopius USA, has announced that it is partnering with Origami Risk, the industry-leading risk, safety and insurance Software as a Service (Saas) technology firm.
The partnership will provide Canopius USA with access to Origami’s multi-tenant platform for underwriting, billing and claims administration.
Origami’s single platform will support two of Canopius USA’s core propositions – its specialty domestic excess and surplus (E&S) lines carrier and its Lloyd’s platform, which includes several products offered on an admitted basis via admitted carrier partners.
In addition, the platform will also support business written through both the delegated and open market distribution channels.
Another key benefit from this partnership is that Origami’s platform will enable Canopius USA to bring speed, efficiency, and quality to the underwriting, billing and claims capabilities of both its delegated and open market businesses.
Adam Finkle, Chief Operations Officer, Canopius USA, said: “With the planned growth for Canopius USA through both the delegated and open market distribution channels and vision to create a single underwriting organization, we recognized the need for a modern technology solution that could support multiple admitted and non-admitted insurer solutions and distribution channels.
“Origami’s platform is very much aligned with the way Canopius USA wants to do business – allowing us to achieve scale, leverage common processes across the business and quickly on-board new opportunities through a highly configurable platform.”
Chris Bennett, President, Core Solutions at Origami Risk, added: “We’re delighted that Canopius USA has selected our versatile, true SaaS insurance technology solution for underwriting, billing and claims administration across both of their growing U.S. operations.
“Over the years, we have consistently helped our clients drive efficiencies and improve performance through a steady stream of innovation and by tailoring our tools and functionality to their individual needs. Origami provides the property and casualty market with modern, scalable technology to help carriers drive speed to value.”