The partnership provides rapid, steadfast, and dependable capacity, catering to brokers navigating the bustling London market.
Leveraging the triumph of a proof of concept carried out earlier in the year, which harnessed Artificial Labs’ algorithmic prowess for marine hull, this collaboration is poised to extend its influence across diverse lines of business. The intent is to empower brokers with an expansive array of options within the realm of the smart follow market.
The symbiotic venture is designed to amplify brokers’ capabilities across an array of transactional methods. Whether transacting in-person at the Box, through web portals, or anywhere in between, this alliance aims to fortify brokers’ engagement across diverse touchpoints.
James Slaughter, Chief Underwriting Officer at Apollo Group, underscored the pressing need for enhanced capacity within the follow market, emphasising the scarcity of swift, reliable, and responsive solutions.
“Our ongoing initiatives are geared toward establishing a framework for the future underwriter through technological advancements, partnerships, and innovation. Spearheaded by Farris Salah, our Head of Smart Follow, this collaboration represents one of the most prominent and exciting outcomes of our endeavours. We take immense pride in leading the way alongside Artificial on this transformative initiative,” he said.
“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. Our platform offers a foundation for brokers and underwriters to write smart follow business, and we envisage this technology will bring about a step change in the industry.”
Earlier this year, Apollo was also integral for Moonrock Drone Insurance’s secured capacity backing a new drone insurance facility, with the latter’s coverage including small commercial operators and large fleets across sectors including construction, agriculture, and film and TV.
