In this IIL London Market webinar, Mark Allan will talk about the launch of Ki, the fully digital algorithmically driven follow-only Lloyd’s syndicate, explaining the business model, inspiration behind the launch and the potential benefits to the marketplace of a digital business.

Description

Ki was launched in 2020 and is the first fully digital business in Lloyd’s history. It has embraced the strategy set out in the Lloyd’s Blueprint, driving towards a future where Lloyd’s stands out for its technology-enabled placement approach.

A typical follow placement might take three weeks to quote in the traditional model, a slow and cumbersome process for brokers and clients. Ki has transformed this experience, offering quotes through its digital platform in a matter of seconds.

In addition, underwriting is performed by a series of algorithms across 30+ lines of business, trained on Brit’s underwriting data and experience. This game-changing approach has the potential to drive a revolution in the Lloyd’s market and beyond.

Gain an insight into

• How this innovative business was launched from inside Brit
• How the model improves the Lloyd’s experience
• How it could change the wider marketplace and benefit Lloyd’s

Speaker

• Mark Allan ACII, FIA, MA, CEO, Ki Insurance (& Group CFO, Brit)