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InsurTech Send hails ‘landmark US deal’

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Published on: 25th January 2022
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25 January 2022 – Leading UK InsurTech Send Technology Solutions Ltd (Send) has announced its first US partnership, with Bowhead Specialty Underwriters, Inc. (Bowhead), a provider of specialty liability coverages.

The deal sees Bowhead using Send’s commercial insurance platform, which enables insurers around the world to automate, streamline and optimise their operations.

The Send Underwriting Workbench, which supports and facilitates the underwriting process, from submission to bind, is already used by a number of major UK carriers. The advanced composable platform incorporates a high level of automation, third-party and AI-enabled data usage and offers flexible components such as Integrated Pricing and Bordereaux Management.

New York based Bowhead writes professional liability cover, including D&O, Management Liability, Errors & Omissions, Healthcare and Casualty lines. The partnership enables the specialty insurer to bring its insurance administration work out of silos into one solution and to easily view and track work through the entire lifecycle.

Send co-founder and CEO Ben Huckel said: “This is a landmark deal for Send and our first US customer. In a very short space of time, we’ve been able to deploy the Send Underwriting Workbench to deliver a single customer view of complex and disparate data sources as well as a fully integrated Send Pricing solution.”

“Our AI-enabled platform is delivering deep insight into how Bowhead’s business operates, providing them not only with peace of mind that their regulatory requirements are covered, but also commercial confidence to support their ambitious growth strategy in the E&S market.”

Stephen Sills, CEO of Bowhead added: “We are a rapidly growing business with a digital-first approach to underwriting. We needed a partner with technology built for the specialty sector to enable our growth and differentiation. Following a fast and successful testing and implementation phase, we have confidence that the Send Underwriting Workbench solution will do just that.”

 ENDS

 For more information, contact:

Matt Beasley: mbeasley@fullcirclecomms.co.uk, 020 7265 7887

Kirsty Plank: kplank@fullcirclecomms.co.uk, 020 7265 7887

 Notes to Editors:

About Send:

Send is a rapidly growing InsurTech software company based in London with global reach. The company has developed an innovative connected workbench that enables insurers, brokers and MGAs to automate, streamline and optimise their operations. It’s a composable platform that gives teams everything they need to be more productive, in one place.

The Send platform removes insurance work silos into one solution, providing a consolidated view of all tasks and risks throughout the policy lifecycle. Its automation enables clients to streamline processes, improve predictability, and expand capabilities.

https://send.technology/

About Bowhead Specialty Underwriters:

Bowhead Specialty Underwriters, Inc. is a fully licensed, specialty lines-focused underwriting organization affiliated with American Family Mutual Insurance Company, S.I. , a major mutual insurer with over $10 billion in surplus who carries an AM Best Rating of A (XV).  With three underwriting divisions, Professional Liability, Casualty, and Healthcare, Bowhead has established itself as a major participant in the U.S. specialty insurance market. Led by highly respected underwriting and claims teams, Bowhead Specialty has demonstrated the ability to meet complex insurance needs with customized and creative solutions delivered with first-class service. For more information, visit www.bowheadspecialty.com

 

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