Applied Underwriters launches Innovation Risk

Applied Underwriters has announced the launch of Innovation Risk, a new MGA platform that will focus on casualty, accident, and life underwriting operations using “advanced, proprietary technologies and methods.”

The new enterprise will incorporate the “enhanced approaches” developed by Applied over three decades of successful research, development, and deployment of “proprietary and patented underwriting methods” which have created “superior underwriting operations and profitable competitive advantages in the most difficult lines of business.”

The MGA will offer coverage in the US and EU.

“Innovation Risk’s focus and competitive advantage lies in its ability to measure risk, and in this way, its value proposition rests squarely on traditional insurance practices. We fully expect Innovation Risk to quickly become the leader in proprietary insurance underwriting. The establishment of United Risk a few years ago—today one of the top MGA platforms in the world—and now the establishment of Innovation Risk, underscore the position our greater organization enjoys as the fast-moving, go-to for corporate development and M&A in underwriting and distribution, especially given the extraordinary mapping we offer for investors, insurance partners, and proven entrepreneurs seeking a pathway for realizing growth and value.” – Steve Menzies, Chairman, Applied Underwriters.