FinTech Magazine - November 2021 | Page 177

AMWINS

Tom Parsons , Head of Digital at Amwins , tells us how insurance is being reimagined by technology

It ’ s been a transformative past two years for the insurance industry globally , with the pandemic kicking digital transformation into overdrive and forcing legacy system operatives to up their game . Insurance is now at the cutting-edge of innovation and traditional processes are firmly on their way out , says Tom Parsons , Head of Digital at Amwins .

With a global footprint across more than 150 countries , Amwins is the largest independent wholesale distributor of specialty insurance products in the United States and one of the largest and most successful Lloyd ’ s broking operations in the speciality market sector . Based in Charlotte , N . C ., Amwins handles premium placements in excess of $ 26bn and has a reputation for delivering specialised placement solutions through its deep resources and experience across five main business verticals : Brokerage ; Small Accounts ; Underwriting ; Global Risks ; and Group Benefits .
To be part of such an organisation , requires a specific skillset as well as a passion for technology and progress .
Parsons began focusing on insurance as a career during graduate school and has never been more excited by the changes in technology and innovation as he is today . “ Most people in this industry say they fell into an insurance career ,” he says . “ Perhaps my story was a little more deliberate . At the time , I was following the crowd - - going through rounds of interviews with various
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