Our Story

Instead of thinking out of the box, we looked inside, aiming for a strategy where risk expertise and technology are the driving force and the foundation of success.

 

“How can we do it better?” – This is a critical question in an industry that is currently in the process to reinvent itself, hunting for the target profitability and applying new technology, which has become the new reality while trying hard not to jeopardize the customer experience.

 

Andawrite’s “inside the box” approach is the combination of risk expertise and data management. This defines who we are and our value proposition. It is our motivation offering a winning business strategy based on risk knowledge and data culture within the Art of Underwriting, then, after all, People innovate, IT doesn’t!

Our Motivation
Our Differentiated Approach

ANDAWRITE EMPOWERS THE SUPPLY CHAIN OF INSURANCE, DELIVERING SUSTAINABLE GROWTH OPPORTUNITIES TO OUR CAPACITY PARTNERS AND ASSOCIATES:

 

PRODUCT-level
Our lines of business fits the risk profile of Engineering or Specialty, which enables our risk experts to create conventional and non-conventional solutions, so-called “Applications”.

 

APPLICATION-level

Our risk experts are developing niche solutions supported by digitalized risk assessment tools (RAT) to assure underwriting certainty and assist producers to maximize the business transaction effectiveness.

 

CUSTOMER EXPERIENCE-level
Andawrite acts as a hybrid MGA when it comes to customer strategies where we provide deliverables with a 360º customer-centric perspective, offering a full range of bespoken risk and technology services.

Our Unique Selling Proposition

ANDAWRITE DELIVERS UNDERWRITING PROFITABILITY IN A VARIETY OF MARKET CONDITIONS USING BEST COMBINATION OF FINANCIAL SECURITY AND UNDERWRITING VALUE.

 

We focus on clients who treats the risk transfer mechanism as an opportunity.

 

We raise the insurance standards with a few „klicks“ to Premium solutions.

 

We offer Products and Applications tailored to individual industry needs.

 

We kick low-satisfaction insurance habits with a tangible customer experience.

Why Andawrite?

We act as hybrid insurance incubator creating underwriting profitability by using risk- and market knowledge, enhanced with the use of technology.

 

We offer coinsurance and consortium type of participations across multiple product lines delivered with valuable customer experience.

 

We treat each capacity partner and associate as a strategic stakeholder regardless of their financial commitment and involve them actively in our development.

 

We help our capacity partners building a local voice for their international branding in the target territories.

Our Strategy

We are creating a marketplace for risk specialists, where we empower the supply chain of insurance and reinsurance and deliver sustainable and profitable growth opportunities to our capacity partners and associates. We help them to grow their business by executing mandate-based underwriting strategies assisted by risk expertise and market knowledge.

MARKET FOCUS

DIRECT
Spain is our launching platform, followed by other EEA markets managed by appointed Associates.

 

FACULTATIVE
International markets managed by appointed FAC Associates. No interference with target DIRECT markets.

KEY SEGMENTS

AndaSME
Modular Multi-Peril Solutions

 

AndaTECH
Technical and
Engineering-led Solutions

 

AndaSPEC
Specialty Lines & Run-Off Solutions

BUSINESS STRATEGY

Deliver solutions with sufficient Capacity to influence Underwriting decisions upfront.

 

Create Coinsurance and Reinsurance structures led by reputational carriers.

 

Engage Accelerators and manage them on an Aggregated level within a co-working space, while creating distinctive partnership value.

Our Organization

We execute with underwriting discipline to deliver sustainable growth and attractive returns with a variety of service platforms. To secure the success, we provide a supportive environment where individual innovation and cross-functional teamwork can flourish, while at the same time provide the leadership when the team-based environment sometimes lacks.

SPAIN

Andawrite Iberia Ltd.

(for Spain only)

 

Registered as “Agencia de Suscripción”, the coverholder delivers bespoken Direct insurance services.

 

DGSFP Registration Nr. AS0111
on behalf of Allied World Assurance (Europe) DAC (DGSFP Registration Nr. L0491)

SWITZERLAND

Andawrite Swiss Ltd.

(Group’s Headquarter)

 

Registered as a Reinsurance Coverholder and Service Company, this entity manages also the AndaCLUB activities.

LIECHTENSTEIN

Andawrite Europe AG
(for EEA Direct)

 

European (direct) Coverholder and Captive Management Services.

 

to be established

Our Leadership Team

Creating a footprint in the market with a winning attitude. Each Andawrite key person, partner and associate is a risk experts with a recognized market reputation. We work as a multifunctional and integrated team, where we also involve our capacity and service supplier actively in each stage of development and act with full transparency. Andawrite foundation was formed by former Qatar Re Zurich colleagues.

Andawrite Founding Partners Expertise and Experience

Specialized Underwriters and Project Leaders who worked together in the past.
Proven insurance start-up experience in Europe.
Reputationally recognized Business Partners.

Business Leader Profile and Expectancy

The Andawrite Business Leader is an agile risk expert responsible for the underwriting performance of the assigned product or territory.

With experience and judgment to manage the portfolio parameters, the business leader is adapting to changing market conditions, all to achieve the agreed top-line income and portfolio profitability.

Our Business Partners

We partner with reputable insurance and reinsurance companies, executing specific mandates with a long-term market focus, acting virtually as extension of their underwriting team. With this form of coworking partnership, we will assure the achievement of ambitious growth strategies, lowering the delegated underwriting risk while building a local voice of their international branding in the selected key markets.

Allied World Assurance Company Holdings, Ltd is a subsiadry of Fairfax Financial Holding since 2001. Andawrite operates with it European platform, Allied World Assurance Company (Europe) DAC, which holds a S&P rating “A-“ (June 2021), and an AM Best rating “A” (June 2021).

 

Allied World Assurance (Europe) DAC, Ireland is part of the Fairfax Financial Holding Limited headquartered in Toronto, Canada (Toronto stock code: FFH) and with 35 years of experience in the insurance market.

DARAG is a leading international insurance and reinsurance group specialising in the assumption of legacy business and the provision of capital relief solutions. DARAG  is a global business, with risk carrying subsidiaries in the EU (Germany, Malta, Italy, Luxemburg), Bermuda, the US, the UK and Guernsey.

 

DARAG offers three types of run-off transaction solutions: portfolio transfer, share purchase deal, or retrospective reinsurance.

 

DARAG is led by a management team of recognised insurance executives with extensive experience in legacy and restructuring. DARAG’s multicultural, multilingual and multidisciplinary staff enables the business to deliver tailored solutions to clients across the globe. Since 2009, DARAG has signed 48 run-off transactions from 21 countries with a volume in excess of 1.6bn euros.

Our MGA Partners

The “Smart Factory” (external key stakeholder) will provide Andawrite’s IT, compliance infrastructure, claims, risk assessment, and marketing services. Each external stakeholder will enhance the Andawrite Risk Management Framework additionally, building so a resilient defence line and assurance for each capacity partner.

ANDA-UnderWRITE

Authentic
InterNational
Development
Alpine

We strive to deliver as promised.
We will support our clients and suppliers in developing custom-made solutions.
We will write a portfolio from several countries managed by an experienced team.
Our origin (we are coming from the region of the Alps).