Arch Insurance Wins PropertyCasualty360’s Insurance Luminaries Award for Technology Innovation

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Arch Insurance North America has been awarded PropertyCasualty360's Insurance Luminaries Award for Technology Innovation, recognizing their Arch APEX℠ digital portal. This innovative platform streamlines the accident insurance quoting process, significantly reducing the time required to quote, bind, and issue policies.

The Arch APEX portal offers an intuitive online user experience, enhancing efficiency for agents and brokers, leading to increased client satisfaction and potential revenue growth. Jim Villa, Senior Vice President of Arch Accident & Health, expressed pride in the recognition, emphasizing the platform's role in modernizing the insurance industry.

The Insurance Luminaries Awards, organized by NU Property & Casualty magazine and PropertyCasualty360.com, celebrate innovation in claims, coverage, risk management, technology, and workplace culture within the P&C insurance sector.

Arch APEX℠ Digital Portal Recognized for innovating accident insurance quoting process

HUNT VALLEY, Md.--(BUSINESS WIRE)-- Arch Insurance North America (Arch Insurance, the Company), a provider of specialty risk and insurance solutions, today announced it has been honored with PropertyCasualty360’s Insurance Luminaries Award for Technology Innovation. This recognition highlights the company’s Arch APEX℠ portal, a cutting-edge digital platform that simplifies the accident insurance buying process.

Arch APEX streamlines insurance processes that traditionally took hours or days to complete. By systematizing the steps needed to quote, bind and issue policies with an intuitive online user experience, Arch APEX not only enhances the efficiency with which agents and brokers can serve their clients, but also contributes to increased satisfaction and potential revenue growth for agencies.

“We are honored to receive this recognition for Arch APEX,” said Jim Villa, Senior Vice President of Arch Accident & Health. “This platform represents another commitment by Arch towards modernization and has set a new standard for efficiency and client service. In doing so, it has also become a testament to our vision for the future of the insurance industry.”

The Insurance Luminaries Awards are organized by NU Property & Casualty magazine and PropertyCasualty360.com, both of which are leading news and events outlets in the P&C insurance industry and part of ALM, a global information company. The awards highlight innovation in five key areas for insurance: claims, coverage, risk management, technology, and workplace culture.

Additional details around PropertyCasualty360’s Insurance Luminary Award and the full list of winners are available here.

About Arch Accident & Health:

Arch Accident & Health is a leading provider of innovative insurance solutions, committed to redefining industry standards through technological advancements and unparalleled client support. Arch’s focus is on service excellence with a dedication to delivering products and industry expertise.

About Arch Insurance North America

Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada. Business in the U.S. is written by Arch Insurance Company, Arch Specialty Insurance Company, Arch Property & Casualty Insurance Company and Arch Indemnity Insurance Company. Business in Canada is written by Arch Insurance Canada Ltd.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $23.4 billion in capital at June 30, 2024. Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect the Company’s current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward−looking statements.

Forward−looking statements can generally be identified by the use of forward−looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward−looking statements involve the Company’s current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including pandemics such as COVID-19; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage the our gross and net exposures; the failure of others to meet their obligations to the Company; a disruption caused by cyber-attacks or other technology breaches or failures on the Company or the Company’s business partners and service providers, which could negatively impact the Company’s business and/or expose the Company to litigation; and other factors identified in our filings with the U.S. Securities and Exchange Commission (“SEC”).

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward−looking statements attributable to us or persons acting on the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company’s forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company undertakes no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.

Source — Arch Insurance North America
Tag — arch-insurance

View source version on businesswire.com: https://www.businesswire.com/news/home/20241018284616/en/

Media:

Stephanie Perez

stperez@archgroup.com

Source: Arch Capital Group Ltd.

FAQ

What award did Arch Insurance win for its Arch APEX℠ portal?

Arch Insurance won PropertyCasualty360's Insurance Luminaries Award for Technology Innovation for its Arch APEX℠ digital portal.

How does the Arch APEX℠ portal improve the insurance quoting process?

The Arch APEX℠ portal streamlines the accident insurance quoting process by systematizing steps to quote, bind, and issue policies, reducing the time from hours or days to a much shorter duration.

What benefits does the Arch APEX℠ portal offer to agents and brokers?

The Arch APEX℠ portal enhances efficiency for agents and brokers, improves client service, increases satisfaction, and potentially leads to revenue growth for agencies.

Who organizes the Insurance Luminaries Awards?

The Insurance Luminaries Awards are organized by NU Property & Casualty magazine and PropertyCasualty360.com, both part of ALM, a global information company.

What areas of innovation does the Insurance Luminaries Award recognize?

The Insurance Luminaries Award recognizes innovation in five key areas: claims, coverage, risk management, technology, and workplace culture in the P&C insurance industry.