AUSTIN, TX – June 12, 2012 – ProspX, Inc., developer of the largest social business solution for the commercial insurance industry, announced that Allied World Assurance Company Holdings, AG, a global provider of property, casualty and specialty insurance and reinsurance solutions, will participate in the use of the ProspX platform to automate the sharing and exchanging of information and business intelligence between underwriters and producers as it relates to specific classes of risk, types of exposure, and clients.
Allied World will communicate key product updates and news via ProspX InsiderConnect™, the first electronic marketing platform to deliver targeted insurance industry, line-of-business, and carrier specific news and key intelligence to producers via a custom e-newsletter. The platform will enable Allied World to deliver custom content that matches to specific deals in a producer's new and renewal sales pipeline, helping to elevate their key differentiators and gain broader broker mindshare.
"Allied World prides itself on being an innovative company," said Bobby Bowden, executive vice president of Allied World. "We see the ProspX technology as an innovative way of differentiating ourselves and showcasing our specialized products to producers actively working on related opportunities. We believe that ProspX will help us drive discussions between our underwriters and producers as well as our distribution partners, ultimately resulting in creative solutions for our clients."
"Allied World is an important carrier to many of the agencies and brokers in our growing network," said Todd Young, president and CEO of ProspX. "We are excited to be able to help another key carrier partner get their business updates, products, and information in front of their targeted producers when they need it the most."
For more information on ProspX solutions for the commercial insurance industry, please visit www.prospx.com.
About Allied World Assurance Company
Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and Fitch. Please visit www.awac.com for further information on Allied World.
ProspX, Inc. develops the industry leading social business platform for managing the complex, multi-party sales process of the $500 billion commercial insurance industry. Built for the commercial insurance industry by insurance professionals, the ProspX platform gives brokers quick and easy access to the critical information and resources relevant to the new and renewal business they are working on, while allowing carriers the ability to elevate their message for increased visibility at the initial point of an opportunity. For more information, please visit us at www.prospx.com, follow us on Twitter at www.twitter.com/prospx and like us on Facebook at www.facebook.com/prospx.
ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.