Top 10 Underwriting Services Providers - 2025

The insurance industry in the Asia-Pacific (APAC) region is experiencing a major shift, with Third-Party Administrators (TPAs) and Underwriting Services Providers coming together in ways not seen before. As insurers look for smarter ways to streamline operations, cut costs, and enhance customer experiences, these two functions are blending more than ever.

Historically, TPAs have focused on claims processing, policy administration, and customer support, while Underwriting Services Providers specialized in risk assessment, pricing models, and policy structuring. However, the digital revolution is reshaping these roles, paving the way for a more integrated approach.

Insurers across APAC are forging deeper partnerships with TPAs that extend beyond claims management to include underwriting support, risk evaluation, and data-driven insights. Meanwhile, Underwriting Services Providers are broadening their scope by incorporating claims administration and policy management into their service portfolios. This convergence streamlines operations, accelerates turnaround times, and enhances risk assessment through advanced analytics and artificial intelligence (AI).

A key catalyst behind this shift is the growing demand for seamless, technology-driven insurance solutions. Digital TPAs leveraging AI, machine learning, and blockchain technologies are expediting claims processing and enhancing underwriting precision with real-time risk assessments. Simultaneously, embedded insurance models—where underwriting and claims functions are directly integrated into digital platforms—are gaining traction within APAC’s expanding insurtech ecosystem.

As regulatory frameworks evolve and consumer expectations gravitate toward faster, more transparent services, this convergence is poised to accelerate. Insurers that embrace integrated TPA-underwriting models will gain a competitive edge by reducing costs, improving accuracy, and delivering a superior customer experience.

In this edition we feature companies that have had significant impact on both the markets. We also feature industry leaders who share their experiences, opinions and perspectives about the markets. These include established experts such as Casey Averett, Director of Claims Operations and Strategy at The General and Ed Gallon, Claims Director at PMA Companies. We hope these insights will help you take better and more data-driven business decisions. Let us know your thoughts.

Underwriting | Insurance Business Review

Underwriting - 2025

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Insurance Quantified

Insurance Quantified boosts profitability for P&C insurers and MGAs with AI-driven solutions that automate data ingestion and analysis. Purpose-built for the insurance industry, its tailored solutions enhance underwriting efficiency and decision-making, fostering a smarter, faster underwriting ecosystem that drives growth and long-term success. Amplifying underwriting talent, it empowers teams to focus on strategic decisions that maximize value.

Success in AI in underwriting starts with targeted wins that prove value before scaling

Brian Modesitt, CEO
Insurance Quantified

Insurance Quantified boosts profitability for P&C insurers and MGAs with AI-driven solutions that automate data ingestion and analysis. Purpose-built for the insurance industry, its tailored solutions enhance underwriting efficiency and decision-making, fostering a smarter, faster underwriting ecosystem that drives growth and long-term success. Amplifying underwriting talent, it empowers teams to focus on strategic decisions that maximize value.
Success in AI in underwriting starts with targeted wins that prove value before scaling

Brian Modesitt, CEO,...
AM Specialty Insurance Company (ASIC)

AM Specialty Insurance Company (ASIC) specializes in underwriting excess and surplus lines insurance, leveraging technical expertise and proprietary data analytics to provide tailored, competitive solutions. These underwriters assess risk across transport, marine, inland marine, and general liability segments. With real-time analytics and strong reinsurance partnerships, it delivers customized coverage and superior service.
AM Specialty Insurance Company (ASIC)

AM Specialty Insurance Company (ASIC) specializes in underwriting excess and surplus lines insurance, leveraging technical expertise and proprietary data analytics to provide tailored, competitive solutions. These underwriters assess risk across transport, marine, inland marine, and general liability segments. With real-time analytics and strong reinsurance partnerships, it delivers customized coverage and superior service.
Applied Underwriters

Applied Underwriters transforms underwriting by combining deep industry knowledge, advanced analytics, and technology to price risk more effectively. It specializes in navigating complex, high-risk markets, using data-driven insights to create sustainable, profitable underwriting strategies. Its expertise helps businesses and governments mitigate uncertainty while unlocking new growth opportunities.
Applied Underwriters

Applied Underwriters transforms underwriting by combining deep industry knowledge, advanced analytics, and technology to price risk more effectively. It specializes in navigating complex, high-risk markets, using data-driven insights to create sustainable, profitable underwriting strategies. Its expertise helps businesses and governments mitigate uncertainty while unlocking new growth opportunities.
Dynamic Reinsurance

Dynamic Reinsurance is a focused underwriting agency providing facultative and treaty reinsurance solutions to brokers and insurers across Latin America, Europe, and MENA. With actuarial and claims management services, it offers tailored risk transfer solutions, ensuring agile responses, high-quality capacity, and deep market expertise to support clients’ evolving needs.
Dynamic Reinsurance

Dynamic Reinsurance is a focused underwriting agency providing facultative and treaty reinsurance solutions to brokers and insurers across Latin America, Europe, and MENA. With actuarial and claims management services, it offers tailored risk transfer solutions, ensuring agile responses, high-quality capacity, and deep market expertise to support clients’ evolving needs.
Euclid Transactional

Euclid Transactional is a managing general agency specializing in underwriting transactional insurance, including representations and warranties, tax and contingent liability. The company delivers expert risk assessment, efficient deal execution, and responsive claims handling to support clients in confidently navigating complex transactions.
Euclid Transactional

Euclid Transactional is a managing general agency specializing in underwriting transactional insurance, including representations and warranties, tax and contingent liability. The company delivers expert risk assessment, efficient deal execution, and responsive claims handling to support clients in confidently navigating complex transactions.
Everest

Everest provides expert underwriting solutions that help businesses manage risk and drive growth. With financial strength and disciplined capital management, it assesses, prices, and assumes risks across diverse industries. Its underwriting expertise ensures stability, fosters opportunity, and enables businesses to thrive while protecting economies and communities worldwide.
Everest

Everest provides expert underwriting solutions that help businesses manage risk and drive growth. With financial strength and disciplined capital management, it assesses, prices, and assumes risks across diverse industries. Its underwriting expertise ensures stability, fosters opportunity, and enables businesses to thrive while protecting economies and communities worldwide.
Green Shield Risk

Green Shield Risk uses advanced underwriting technology and data analytics to analyze and price property insurance in high-risk areas. Combining industry expertise with innovative tools, its proprietary platform empowers insurers to make informed decisions and improve financial resilience against catastrophes.
Green Shield Risk

Green Shield Risk uses advanced underwriting technology and data analytics to analyze and price property insurance in high-risk areas. Combining industry expertise with innovative tools, its proprietary platform empowers insurers to make informed decisions and improve financial resilience against catastrophes.
Innovative Stop Loss Solutions

Innovative Stop Loss Solutions is a fullservice managing general underwriter (MGU) specializing in medical stop-loss underwriting. It accurately assesses and manages high-cost claim risks, leveraging technology and expert-driven strategies to provide sustainable, tailored solutions.
Innovative Stop Loss Solutions

Innovative Stop Loss Solutions is a fullservice managing general underwriter (MGU) specializing in medical stop-loss underwriting. It accurately assesses and manages high-cost claim risks, leveraging technology and expert-driven strategies to provide sustainable, tailored solutions.
Novatae

Novatae brings a fresh, dynamic approach to underwriting, combining deep industry expertise with innovative risk solutions. It assesses complex risks, crafts tailored policies, and provides specialty insurance that meets evolving market needs.
Novatae

Novatae brings a fresh, dynamic approach to underwriting, combining deep industry expertise with innovative risk solutions. It assesses complex risks, crafts tailored policies, and provides specialty insurance that meets evolving market needs.
Platinum Specialty Underwriters

Platinum Specialty Underwriters is a managing general underwriter (MGU) platform that combines expert underwriting, claims management, loss inspection, and actuarial analysis to drive low loss ratios for partner insurers. Focusing on specialist industries, Platinum provides tailored underwriting solutions, leveraging superior analysis and technology to support complex risk portfolios.
Platinum Specialty Underwriters

Platinum Specialty Underwriters is a managing general underwriter (MGU) platform that combines expert underwriting, claims management, loss inspection, and actuarial analysis to drive low loss ratios for partner insurers. Focusing on specialist industries, Platinum provides tailored underwriting solutions, leveraging superior analysis and technology to support complex risk portfolios.