Roamly Recognized for Innovative AI Solutions in Insurance Tech

Roamly Wins Celent 2025 Model Insurer Award

A technology-first insurance company is redefining how actuaries and enterprises scale embedded insurance. Roamly, a global leader in digital insurance technology and solutions, has been honored with the prestigious Celent 2025 Model Insurer Award for its remarkable achievements in the category of Innovation Execution.

Celebrating Innovation in Insurance Technology

The Celent Model Insurer Award highlights Roamly's dedication to innovation in the insurance sector. The award recognizes the company for its significant advancements in AI-powered technologies that have revolutionized the field. One standout invention is Roamly’s proprietary Actuarial Rater™, a transformative tool designed to enhance how actuaries create and manage rating plans effectively across diverse, multi-state regions.

The Impact of Actuarial Rater™ on the Industry

As part of its winning submission, Roamly’s General Manager, Brad Simmons, stated, "The Actuarial Rater™ changes everything. What used to take months of cross-functional coordination can now be accomplished in days. This innovation enables actuaries to operate independently, reducing reliance on IT and enhancing efficiency in their processes." By utilizing AI, Roamly effectively alleviates traditional operational hurdles, paving the way for quicker, more reliable business practices in insurance.

Recognition from Industry Leaders

Celent's Insurance Director, Juan Mazzini, praised the Actuarial Rater and remarked, "This innovative AI-driven no-code rating module empowers actuaries to deploy rates rapidly. The substantial reduction in implementation timelines combined with the robust technological framework clearly makes Roamly a worthy recipient of the Model Insurer Award."

Driving Change in Embedded Insurance

With the insurance landscape continuously shifting towards digital solutions, Roamly positions itself at the forefront of this evolution. The company has designed its enterprise platform specifically for insurance carriers and digital marketplaces aiming to incorporate insurance seamlessly into their customer interactions. From mobility services to specialized auto programs, Roamly Enterprise empowers partners to enhance revenue while ensuring compliance and efficiency.

Innovative Solutions for Real-World Challenges

Kelly Lau, Head of Product at Roamly, commented on the company’s focus on real-world pain points, stating, "We designed the Rater around actuaries’ actual needs, promoting efficiency in their work with technology that simplifies complex tasks. Our efforts to provide solutions that truly address challenges in the industry represent a pivotal advancement for all participants in the insurance sector."

A Strong Foundation for Growth

Roamly's recognition does not merely reflect its innovative product offerings; it signifies a broader commitment to transforming how insurance is perceived and sold in the marketplace. With a suite of direct-to-consumer specialty insurance products encompassing RV, boat, and motorcycle coverage, combined with an extensive partner network, Roamly is reshaping how insurance solutions are developed and delivered.

Partnerships and Industry Collaborations

With established connections to leading national carriers such as Progressive (NYSE: PGR), Roamly can draw from deep industry expertise to continuously evolve its digital solutions. This ongoing innovation allows Roamly to enhance the adaptability of insurance products across various client needs and market requirements.

About Roamly and Outdoorsy Group

Roamly is a global leader in digital insurance technology, dedicated to setting a new standard in how individuals and organizations protect their interests. The Roamly Enterprise platform integrates cutting-edge technology to provide insurance companies with AI-enhanced modules that streamline the creation of insurance offerings from pricing to claims management. Through its operations across multiple regions, Roamly focuses on improving the consumer experience while partnering with leading insurance providers.

Founded in 2015, the Outdoorsy Group has built a comprehensive outdoor travel ecosystem, encompassing a variety of businesses that enhance access to outdoor experiences. Roamly is a crucial component of this ecosystem, providing innovative insurtech solutions that streamline the embedding of insurance in digital platforms.

Frequently Asked Questions

What is the Celent Model Insurer Award?

The Celent Model Insurer Award recognizes excellence in innovation, technology execution, and contributions to the insurance industry.

What innovation did Roamly introduce?

Roamly introduced the Actuarial Rater™, a tool designed to streamline the process of managing insurance rating plans through AI technology.

How does Roamly's technology benefit actuaries?

It allows actuaries to develop and deploy ratings more independently and efficiently, drastically reducing time and resource requirements.

What industries does Roamly's platform serve?

Roamly's platform serves various industries, including mobility marketplaces and traditional insurance carriers, facilitating embedded insurance solutions.

Who are some of Roamly's partners?

Roamly partners with significant national carriers, including Progressive (NYSE: PGR), to enhance its service offerings and technological capabilities.

About The Author

Hey there I'm Caleb Price, a writer and financial specialist who loves to assist others in understanding the financial world. Having years of practical experience and a solid background in finance, my area of expertise is converting difficult financial ideas into useful, doable insights for my blog and publications. My goal with my writing is to give readers the information and assurance they need to successfully negotiate their financial journeys.

My ability to interact with a wide range of people—from novices starting their investing journey to seasoned investors looking for new approaches—has come from contributing to several financial blogs. Making money approachable and understandable is my goal; this will enable you to make wise choices and realize your financial objectives. We appreciate you coming along on this path to success and financial empowerment on Investors Hangout.

Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.