Last year, ANVA and AWI announced the first steps toward a partnership. The first contours became visible last summer when we informed you about the next steps around our joint product engines. We would like to take you through the next step in our collaboration. The combination of the ANVA and AWI, using components from ANVA product store, among others. A unique and powerful solution that will offer you ultimate efficiency.
First, back to the beginning. It won't have escaped anyone's notice that the number of underwriters is decreasing sharply, while premium volume shows the opposite trend. For this reason, the need for technology that brings greater efficiency to the insurance industry is increasing dramatically. To meet this need, ANVA and AWI have been working separately in recent years on solutions to help the industry efficiently compare, quote, mutate and underwrite non-life insurance policies.
The strong consolidation within the insurance industry has been an important reason for ANVA to re-examine its proposition around ANVA Rules (compare & close). In addition, it gradually became clear that a combination ANVA and AWI leads to a powerful application that offers even more value to the industry. For this reason, both parties decided to weave AWI Connect and ANVA together, leveraging components from the ANVA Product Store and ANVA Hub. In addition, we also focus on customers who want to build their own solutions on ANVA, for this we provide powerful APIs with standardized and custom content.
The evaluation of our portfolio coincided with discussions with AWI about closer cooperation. The decision to work together enables us to take a critical look at the deployment of new technologies, simplification of existing processes and further efficiency. After all, if we work together and join forces, we can create something that works many times more efficiently for our customers, is more user-friendly, more reliable and allows us to serve our customers better. The result is a more optimal chain.
In recent years, ANVA has gone through a strong change and learned to adapt itself where necessary. ANVA Rules is a striking example of this. During its introduction, Rules was a beautiful and innovative product that met the needs of the market and our customers. Over the years, both the market and customer needs have changed significantly. To meet both needs, a strategic adjustment turned out to lead to new opportunities. Moreover, we as ANVA always want to continue to play an important role in quoting, comparing, concluding and mutating insurances.
Bringing the ANVA Product Store from Rules and AWI Connect together creates a powerful tool for financial advisors. In practice this means that users will work with AWI Connect as a front office application and ANVA Rules components will provide a very valuable addition as well as a more stable link with ANVA.
In the coming months we would like to keep you informed about the developments surrounding our cooperation with AWI. In our next magazine, which will be published mid-November, you will read an extensive article about this.
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