Apollo and Artificial to provide London brokers with faster capacity
The collaboration follows a successful proof of concept in marine hull insurance earlier this year. The partnership is now set to expand into multiple lines of business, giving brokers more choices and opportunities in the smart follow market.
“The combination of Apollo’s respected underwriting expertise and Artificial’s market-focused technology will provide a unique offering for brokers that adds value through increased productivity and efficiency,” said James Slaughter, chief underwriting officer of Apollo Group.
“We’re thrilled to be working with Apollo on a new vision for smart follow in the London market,” said David King, co-CEO of Artificial Labs. “We are aligned in the belief that algorithmic technology will be transformative to our industry, giving brokers far more choice than they have currently and unlocking new opportunities.”
The collaboration is expected to benefit brokers in several ways. It will provide them with faster access to capacity, more consistent pricing, and more efficient workflow management. It will also allow them to seize new opportunities in the smart follow market.
The partnership is a significant milestone for both Apollo and Artificial. It demonstrates their commitment to technological advancement and innovation and their shared belief in the potential of algorithmic underwriting to transform the insurance industry.
The collaboration is expected to go live in the coming months.
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