AMERSFOORT / EDE - Both ANVA and AWI see major shifts in the financial industry, which now more than ever demands efficiency, data quality and innovation. ANVA and AWI believe that we can support our customers much better in these challenges by joining forces. For some time, the two parties have been in talks to explore the possibilities of a partnership.
With AWI Connect, AWI has introduced a platform that stands for ease of use and efficiency. AWI is driven by efficiency, which is measured with a periodic scan of relationships, followed by a detailed annual plan. AWI is more than just software, AWI relations are members of the AWI community. We develop software together, AWI Connect 2.0 is a fully customer-driven solution.
AWI provides software to compare, quote, apply and mutate both personal and business insurance policies. AWI serves a group of ANVA relationships with substantial premium volume. In 2017, AWI began expanding its product library by building business products in addition to private. This will save tremendous time and efficiency for relations.
With ANVA Hub in 2019, ANVA has established a conceptually powerful solution to connect all players in the financial industry. From insurers, Managing General Agents (service providers) and advisors to consumers. The strength of the platform lies in the fact that all data comes together in one place and information only needs to be captured once, creating a "single point of definition.
ANVA Rules, ANVA's private product comparison software, already takes advantage of this application by invoking ANVA's unified product library combined with associated terms and conditions and clauses. This library was created in cooperation with insurers. With this, ANVA has taken an important role in improving data quality.
A collaboration between the two organizations will allow ANVA and AWI to increase value for customers and add even more efficiency and automation in our joint customers' processes. For example, it is possible to start using ANVA's product library together, which will allow both organizations to focus more on expanding functionalities and expanding the library. We are also looking at how to combine the best of both worlds of private and business comparison in our solutions.
We are convinced that our collaboration can begin to add great value to the industry. Both ANVA and AWI understand that the potential collaboration between the two organizations may raise questions that we do not have all the answers to at this time. However, we feel it is very important to share our intention to work together at this time.
