1. Ategrity launched Ategrity Select for religious organizations. 2. Over 200,000 institutions pre-qualified for comprehensive insurance coverage. 3. The initiative enhances speed and efficiency in underwriting. 4. Data-driven model aims to address underinsurance in the E&S market. 5. The company's tech-driven approach supports long-term profitability.
The launch of a significant product line targeting a large market indicates growth potential. Previous product launches have led to increased market confidence and stock performance.
The article demonstrates ASIC's innovative strides and potential market expansion, which is critical for investor interest.
The systemic changes in underwriting and efficiency improvements will take time to fully realize in revenues, but they position ASIC strongly for future growth.
Unlocks Growth Potential of Over 200,000 Institutions
Ategrity Specialty Insurance Company Holdings (NYSE:ASIC) today announced the launch of Ategrity Select Religious Organizations, the latest addition to its pre-priced platform.
The company has pre-qualified and pre-priced more than 200,000 religious institutions across the United States for comprehensive property and casualty coverage. Ategrity's small-business partners can generate quotes in as little as 90 seconds through its data-driven underwriting platform.
"This launch is another example of the type of solution Ategrity was built to deliver — we are identifying high-quality data sources that enable us to pre-underwrite entities that have historically been underinsured," said Chris Schenk, President & Chief Underwriting Officer at Ategrity. "The launch reinforces Ategrity's leadership in our space and demonstrates the power of our productionized underwriting model — combining automation, data science, and disciplined pricing to deliver differentiated solutions for the E&S market, which has been and continues to be under-digitized."
Ategrity Select is a flagship initiative driving innovation in small and mid-market E&S underwriting while preserving pricing integrity and technical rigor. Each institution within the 200,000-entity dataset has been pre-analyzed and mapped for eligibility, ensuring underwriting discipline and speed of execution. This approach enhances quote-to-bind efficiency and reduces frictional costs across the underwriting value chain — key to Ategrity's long-term profitability goals. Each Ategrity Select solution is designed to deliver measurable underwriting leverage, turning intelligence into distribution capacity.
About Ategrity Specialty Insurance Company Holdings
Ategrity Specialty Insurance Company Holdings is a profitable and growing specialty insurance company dedicated to providing excess and surplus ("E&S") products to small to medium-sized businesses across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The small to medium-sized business market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value. This advantage stems from our technology-driven method of standardizing, simplifying, and automating our transaction process, which we call productionized underwriting.
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Investor Relations Contact IR@ategrity.com