Apollo is rolling out algorithmic underwriting solutions from insurtech, Artificial Labs.
The collaboration will support brokers wherever and however they choose to transact – be it at the Box, through web portals, or anywhere in between.
James Slaughter, Apollo Group CUO, said: “There is not enough fast, reliable and responsive capacity in the follow market. We have been working on a number of projects that aim to deliver a framework for the underwriter of the future through technological developments, partnership and innovation. This collaboration, led by our Head of Smart Follow Farris Salah, is one of the most visible and exciting outcomes of that work and we are delighted to be leading the way with Artificial on such a transformational initiative.”
David King, co-CEO of Artificial Labs, added: “We're thrilled to be working with Apollo on a new vision for smart follow in the London market. 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.”
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