The collaboration aims to integrate Artificial Labs’ Contract Builder into BMS’s operations, enhancing digital placing initiatives across the brokerage.
The Contract Builder, a digital platform for constructing contracts, will be initially deployed across various business lines within BMS starting February 2024. Throughout the remainder of the year, additional lines of business will progressively integrate the platform.
By incorporating Contract Builder into BMS’s existing Broker Workbench, the brokerage’s teams will gain the ability to seamlessly merge risk models and legal documents with precise, compliant, and auto-populated data. This integration streamlines the slip assembly process, empowering BMS to navigate contracts efficiently and effectively in the digital landscape.
The partnership underscores BMS Group’s commitment to leveraging cutting-edge technology to enhance its service offerings and streamline operational processes. As the digital transformation journey unfolds, BMS remains dedicated to delivering innovative solutions that elevate client experiences and drive business growth.
Adam Stafford, Chief Operating Officer at BMS Group, said: “It’s uncommon to see broking teams express such enthusiasm for a new product as they have been with Artificial Labs’ Contract Builder. The transition has been seamless, and I look forward to its implementation across our remaining teams as we continue to enhance our digital ecosystem with the Artificial Labs team.” –
David King, Co-Founder and Co-CEO at Artificial Labs, also commented, saying: “We are delighted to partner with BMS and recognise their invaluable contribution to its development. It is crucial for us to partner with organisations that want to be part of the next generation of insurance, and in BMS we know we have found that.”
King added: “The partnership is emblematic of the value of our products and the strides we are making to build advanced technological solutions for the insurance market.”
