New managing general agent (MGA), Futuristic Underwriters, has announced the public launch of its services with a mission to reduce commercial property & casualty risk by leveraging the power of technology.
As the commercial insurance landscape faces many challenges, including rising premiums, evolving regulatory requirements, inefficient processes, and increasing claims frequency, Futuristic Underwriters aims to deliver cutting-edge solutions to combat these adverse trends.
It will cater to a variety of industries including: Contractors, manufacturers/distributors, real estate, professional service organisations, auto, and other P&C lines.
The MGA’s solutions will not just start and end with data-driven underwriting but include next-generation technology including Artificial Intelligence, to improve the overall insurance experience with an efficient distribution platform, proactive claims handling, and most importantly, tools to reduce risk.
“In this era of growing complexity and evolving risk landscapes, where underwriting losses are reaching an unprecedented high, it becomes increasingly essential to reevaluate traditional underwriting practices,” said Yogesh Kumar, CEO and President of Futuristic Underwriters.
He continued: “Our mission is to confront these industry challenges head-on with a transformative, technology and data-driven approach to underwriting that not only mitigates risk but reimagines the underwriting process. We aim to herald a new era of resilience and success for our clients across diverse industries and lines of business.”
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