Specialty reinsurance firm Chaucer has partnered with London-based insurtech Artificial Labs to launch an underwriting platform for high-volume specialty products.
The partnership will enable Chaucer to provide a digitised quote, bind and issue process for policies using Chaucer’s underwriting expertise and Artificial’s machine-learning capabilities.
“We are committed to delivering the best service to brokers and clients, and using the Artificial platform will enhance our underwriting responsiveness and speed to market for new specialty products,” said John Fowle, CEO of Chaucer. “Our partnership with Artificial will help us deliver our next-generation underwriting platform with smarter data-driven risk selection and pricing, leaner and more scalable processes, allowing out underwriters to focus on spending more time with brokers and clients.”
“We are thrilled to be Chaucer’s next-generation tech partner as we work together to drive insights, opportunities and efficiencies across the business,” said Damian Arnold, CEO of Artificial Labs. “As a top-quartile reinsurer, Chaucer demands the latest technology to deliver a better underwriting experience and, ultimately, a better service to their customers.”