Ed, a global insurance and reinsurance broker, has integrated its e-trading platform with Ki's algorithmic underwriting.
Ki is a fully digital and algorithmically-driven Lloyd's of London syndicate offering instant capacity, accessible at any time.
Meanwhile, Ed is a reinsurance, wholesale, and specialty broker that is currently part of the insurance operations of BGC Partners and is set to join The Ardonagh Group as part of its acquisition announced in May 2021.
The integration of the two platforms introduces seamless access to Ki's follow-only capacity to enable brokers to quote and bind risks without leaving Ed's etrading platform, TradEd.
Ed and Ki expect the integration to accelerate broker and client access to capital, streamline the placement process, and remove the need to re-key information into the multiple platforms.
Read more: Ed bolsters reinsurance line-up
Jonathan Prinn, the chief digital officer at BGC's insurance businesses, said TradEd's data-capturing capabilities allow Ed to take full advantage of Ki's digital and algorithmically-driven platform.
“This is an exciting development, in line with Lloyd's Blueprint Two vision, and one we are pleased to be collaborating with Ki to achieve,” Prinn added.
Ki CEO Mark Allan added: “We're pleased to have successfully integrated with TradEd, who share our vision for a digital and data-driven marketplace. Integrating with our broker partners is an important strategic priority for Ki and supports our goal of delivering a seamless placement journey while also enabling more efficient access to capacity for clients.”
