QBE and Aurora have introduced an embedded lead algorithmic underwriting capability to automate the assessment of complex specialty risks. The capability has been rolled out on QBE’s British Marine Yacht Protection and Indemnity product, allowing broker submissions to be processed, priced, documented and bound in under ten minutes, compared with days previously.

The system provides a full audit trail, captures structured data and enables real-time portfolio monitoring. QBE said it reduces document generation from hours to seconds, shortens quote to bind timelines, and allows the insurer to scale underwriting without additional headcount.

Aurora’s new Algorithmic Underwriting-as-a-Service model allows insurers to launch algorithmically underwritten products under their own governance and branding, supporting referral workflows, delegated authority models, policy administration and real-time portfolio analytics.

James Orchard, chief executive of QBE Ventures, said: “This partnership demonstrates how strong collaboration accelerates meaningful innovation for QBE and brings new capabilities to market at pace. By working closely with Aurora, we have delivered a fully governed lead algorithmic underwriting capability that operates directly within QBE’s systems, controls and appetite – something the industry has not seen before."

Bijal Patel, co-founder of Aurora, added: “Over the last nine months, Aurora has worked closely with QBE Ventures to develop our Algo Underwriting-as-a-Service model, allowing insurers to adopt lead algorithmic underwriting today, not five years from now. Embedding this capability directly into QBE’s operations positions both organisations ahead of the market. QBE’s cross-functional collaboration has been exceptional in bringing this to life with real pace and precision."

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