Acrisure Forms the World’s Most Tech-Enabled Broker Qorus Innovation in Insurance Awards 2021
United StatesCategory
Connected Insurance & EcosystemsKeyword
AI & Generative AI, Insurance, Innovation, Data, Risk management
Innovation presentation
Acrisure is forming the next-generation distribution model by combining its financial strength, expertise and one of the largest data sets of any insurance broker with state-of-the-art technology and the entrepreneurial energy of a startup business. This technology will allow Acrisure to develop more compelling products and deliver smarter solutions; compress the value chain; accelerate business practices that ensure industry-leading margins; and have access to the largest collection of mapped business and individual risk data—all of which will allow more insight into trends and a better understanding of risks. Acrisure and Tulco embarked on a successful year-long partnership in 2019 when together they formed Altway Insurance, a fully-AI backed brokerage focused initially on individual health benefits. Since its launch, Altway has seen rapid success with 24 consecutive weeks of 10 percent or greater week-over-week growth. The success of this partnership was the catalyst for Acrisure’s tech-enabled ambition, which became a reality in July of 2020 when the company acquired Tulco LLC’s insurance practice.
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