Ki was launched by Brit in collaboration with Google Cloud and its algorithm is able to evaluate the marketplace’s policies and automatically quote for business.
The integration of its algorithmic underwriting with WTW’s broking platform is intended to provide clients with faster and more efficient access to capital.
Now connected directly to WTW’s global distribution, the partnership is aimed at offering a secure, sustainable and scalable source of capacity throughout the market cycle.
“This is a tremendous step forward for the future of digital broking and signifies the progress we have made in our data and technology strategy as we prepare for the market of the future,” Adam Garrard, Global Head of Corporate Risk & Broking.
Research Report: Reimagining marketing and distribution in a post-pandemic world.
“We are delighted to be the first broker to integrate our platform with Ki, through our Global P&C Hub which allows our clients to efficiently unlock risk capital for complex risk while reaping the benefits from technological innovation.”
Mark Allan, CEO of Ki, added, “We are delighted to have integrated with Willis Towers Watson to deliver fully automated quotes through its Broking Platform.
“We are passionate believers in the potential of technology to enhance the broker and client experience in our market through seamless, real-time underwriting.
“Our integration with WTW’s global Broking Platform is a significant milestone in our mission to make the process of placing risk simpler, faster and more efficient using our digital and data-first approach.”
Source: Reinsurance News
