Latest news with #Insurer
Yahoo
3 days ago
- Business
- Yahoo
AmTrust Wins Celent Model Insurer Award for Digital Customer Experience
Recognized for Quick and Easy AI-Powered Quoting Platform NEW YORK, June 18, 2025--(BUSINESS WIRE)--AmTrust Financial Services, Inc. ("AmTrust" or the "Company") has been recognized by Celent as a winner of a Model Insurer award for Digital Customer Experience. Celent is a global research and advisory firm for the financial services industry. The Company won the award for its groundbreaking platform: AmTrust Genius, an AI-powered quoting solution that's redefining how brokers and agents generate insurance quotes. Built into the AmTrust Online broker portal, AmTrust Genius uses Large Language Model (LLM) technology to instantly extract key risk details from different data sources including quotes, proposals, or existing policies. What once required tedious manual keying is now automated – saving time, reducing errors and accelerating deal flow. The platform also suggests cross-selling opportunities tailored to small business' needs. Each quote is benchmarked and enhanced with GenAI-driven, recommendations – giving brokers a clear, personalized rationale for every coverage and limit. "AmTrust's initiative is a prime example of transformative efficiency in the insurance sector," said Nathan Golia, Senior Analyst at Celent. "Considering the time savings plus the potential business value of getting these competitive quotes done more quickly and easily, it's nothing short of a slam-dunk to leverage this technology for such a drastic quality-of-life improvement." "We sincerely appreciate this award from Celent which recognizes our differentiated approach to providing competitive quotes," said Ariel Gorelik, AmTrust's Global Chief Operating Officer. "We lead with a spirit of continuous innovation and are always working on new technologies to improve the user experience. With AmTrust Genius, we are providing our agents and brokers a quick and easy-to-use submission system for Workers' Compensation, Businessowners, and Cyber insurance policies." Celent's annual Model Insurer Awards recognize the best practices of technology usage in different areas critical to success in insurance. Nominations are submitted by insurance carriers and undergo a rigorous evaluation process by Celent analysts. Celent judges submissions on three core criteria: demonstrable business benefits of live initiatives; the degree of innovation relative to the industry; and the technology or implementation excellence. Celent's annual award program recognizes insurance carriers as 'model insurers' for their outstanding technology initiatives. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or implementation excellence. About AmTrust Financial Services, Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers' compensation, business owner's policy (BOP), general liability and extended service and warranty coverage. For more information about AmTrust, visit View source version on Contacts AmTrust Financial ServicesChaya CooperbergEVP, Chief People and Communications (646) 458-3332 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
30-01-2025
- Business
- Zawya
Etihad Credit Insurance receives AA- rating with stable outlook from Fitch Ratings
H.E. Abdullah bin Touq: 'Under the guidance of its wise leadership, the UAE has evolved into a strong and diversified economy. ECI's favourable ratings from Fitch thereby enhance business confidence in the national economy. With this new accomplishment, the UAE also solidifies its position as a global centre for trade and business, reflecting our country's efforts to create a competitive environment for exporters and importers.' Etihad Credit Insurance (ECI), the UAE's Federal Export Credit company, has secured an Insurer Financial Strength (IFS) Rating of 'AA-' (Very Strong) and Long-Term Issuer Default Rating (IDR) of 'AA-' with Stable Outlooks from Fitch Ratings, a leading provider of credit ratings, commentary, and research for global capital markets. This prestigious rating underscores ECI's pivotal role in accelerating the UAE's economic diversification and reinforcing its global trade leadership. It also aligns with the Long-Term IDR of the United Arab Emirates (UAE; AA-/Stable), reflecting the UAE's robust economic policies and strategic initiatives to foster a dynamic, future-ready economy. H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of Etihad Credit Insurance, affirmed that the UAE, driven by the guidance of its wise leadership, has grown into a strong economy that relies on diverse resources and is capable of adapting to global changes. According to H.E., the nation has adopted flexible and proactive economic policies and strategies, that have been instrumental in promoting the competitiveness of national products in foreign markets, encouraging economic accessibility to the world, building meaningful partnerships with numerous regional and international markets, and increasing the non-oil sector's contribution to the national GDP by 75 per cent. Praising ECI's high credit rating, H.E. Bin Touq said: 'ECI's favourable rating from Fitch ratings demonstrates the confidence of business communities in the national economy, and promotes its reputation regionally and globally, thereby consolidating the country's position as a leading hub for business and trade. In keeping with the 'We the UAE 2031' initiative, which aims to increase the country's GDP to AED 3 trillion by the next decade and increase non-oil exports to AED 800 billion, the latest milestone highlights our national efforts to strengthen the company's crucial role in creating a competitive environment for exporters and importers, while helping increase the momentum of export and re-export activities of UAE-based companies.' Many factors have contributed to ECI's latest milestone, including government support, especially as the UAE's federal export credit agency, coupled with its capital strength and the absence of any financial constraints. Other key determinants also included the company's robust reinsurance program, its unparalleled expertise in the field, and the capacity to insure the risks associated with UAE foreign trade. H.E. Raja Al Mazrouei, CEO of ECI, underlined that this rating is one of the highest rates offered by specialised agencies, making it a new gauge of the company's financial performance and risk tolerance strength. This success, Her Excellency said, is the outcome of ECI's strategic roadmap, which aims to increase the volume of credit assistance provided to manufacturers and exporters. 'The AA-rating further helps ECI provide its services and solutions more effectively worldwide, boosts national export competitiveness, and makes it easier for Emirati products to reach targeted global markets,' H.E. Al Mazrouei added. Since its inception, Etihad Credit Insurance has played a crucial role in supporting the national economy and non-oil foreign trade. By enabling local trade and manufacturing activities, empowering entities with tools to protect against trade and political risks, reducing the cost of trade financing, facilitating project financing, and allowing access to trade financing solutions and international markets, ECI continues to advance national economic goals with its broad portfolio of comprehensive services. -Ends-
Zawya
28-01-2025
- Business
- Zawya
QIC named Insurer of The Year in Qatar
Doha, Qatar: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned " Insurer of The Year in Qatar" at the prestigious MENA II Awards (Previously MENA IR Awards) 2025 for the 4th consecutive year. QIC's recognition took place at the program's annual ceremony held last week in Dubai, and attended by representatives of insurers, regulators, and rating agencies operating in the region. This recognition highlights QIC's outstanding strategy, and the company's milestones towards establishing the region's first insurance-powered digital ecosystem. At this level, QIC has excelled in introducing cutting-edge insurance and non-insurance solutions on its award-winning mobile application (QIC App), web portal ( and other distribution channels over the past 12 months. As a result, QIC succeeded in offering further retail customer segments in Qatar and other key GCC markets the convenience of being in control of their insurance needs from onboarding to claims, while benefiting from impeccable financial protection and having the ability to live, drive and travel worry-free with QIC. Mr. Salem Al Mannai, Group CEO of QIC, said: 'Our consistent presence in key rankings and recognition by prestigious awarding bodies, such as the MENA II Awards, are strong testaments to QIC's success in leveling up the insurance landscape regionwide. Customer convenience has always been one of our top priorities at QIC, and this is the true secret to being the most trusted insurer in Qatar for more than six decades. At QIC, we are committed to rewarding our customers' loyalty with the best and most innovative solutions, and to help everyone of them achieve their financial wellbeing in Qatar, the MENA region and around the world.' The MENA II Awards (Previously MENA IR Awards) are among the most prestigious in regional insurance. Every year, the program recognizes the region's outstanding insurers that excelled in implementing innovative business strategies and bringing innovative solutions to customers. Nominees are judged by a panel of chairpersons, chief executives, and experts from professional associations, who select winners based on the criteria of innovation and product quality, financial performance and growth, and customer satisfaction. For more information on QIC's general insurance products, please visit About Qatar Insurance Company Qatar Insurance Company Q.S.P.C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of 60 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader and the first digital insurance company in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the largest insurance companies in the MENA region in terms of written premium and total assets and is listed on the Qatar Stock Exchange and has a market capitalization in excess of QAR 7 billion.
