AdvantageGo partners with Ping Data Intelligence to boost data efficiency

AdvantageGo, a provider of commercial insurance and reinsurance software and part of Coforge, has entered into a new partnership with Ping Data Intelligence (Ping), an insurance technology firm known for its AI-powered data ingestion, cleansing, and geocoding solutions.

Ping, headquartered in Miami, Florida, has developed a global exposure technology that is extensively utilised in the US property insurance sector.

AdvantageGo is looking forward to integrating this data enhancement technology into their platform, making it available to international insurers in the London market.

Ping’s advanced system for data ingestion processes Statements of Values (SOVs) to deliver AI-driven data cleansing. This system efficiently cleanses and organises data, making it immediately usable for catastrophe modelling and underwriting with high accuracy.

Stuart Mercer, CEO of Ping, commented: “The integration of Ping’s global exposure technology into AdvantageGo’s underwriting ecosystem will enable users to cleanse and reformat vast amounts of unstructured property data in a matter of minutes. We believe this partnership will help to transform data ecosystems in the London insurance market.

“Through the advanced application of machine-learning capabilities, we revolutionise the way that commercial property data is processed, stored and analysed. Rapid data enhancement via a simple email or API call significantly reduces time and resource demands, and allows for a much more efficient and effective underwriting data ecosystem.”

Ping Geocoding offers exceptional location precision, providing underwriters with accurate geolocated data for individual properties or entire portfolios. Additionally, Ping can enhance this exposure data by incorporating both proprietary and external data sources.

This integration will incorporate Ping’s solutions into AdvantageGo’s Underwriting workbench platform, giving underwriters access to these new analytics tools.

“I’m excited to welcome Ping to our rapidly expanding Partner Ecosystem. Once again, we are allying with a best-of-breed partner, which offers niche capabilities that integrate with our own core platform, to deliver fresh, added value to clients,” commented Ian Summers, Global Business Leader, AdvantageGo.

This will complement existing broker/client data, internal information, and other third-party sources available through the AdvantageGo Ecosystem.

The AdvantageGo Ecosystem provides insurers with a consolidated source of top technology providers, streamlining the process of digital transformation.

This partnership is designed to significantly boost efficiency for our clients. Insurers typically invest heavily in data cleansing, but with Ping’s solutions, they can reduce these costs by up to 50% or more.

This reduction frees up time and resources, allowing teams to focus on more strategic tasks rather than manual spreadsheet adjustments.

When integrated with the real-time analytical capabilities of AdvantageGo’s Underwriting Workbench and Exact Risk Aggregation solutions, this collaboration offers a major advancement in risk insights and analysis. It provides underwriting clients with a comprehensive and intuitive view of their data through a unified platform.

“This is firmly in line with our mission statement at AdvantageGo, which is all about serving the underwriter, partnering with innovative technology providers to provide efficiency in a fragmented vendor landscape, and ultimately, enabling the underwriter to take better informed decisions,” Summers concluded.

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