This development marks a milestone for Ki as it allows the firm to be the first algorithmic underwriter in the market to offer augmented capacity from multiple syndicates. The increased capacity will be accessible across Ki’s open market business classes, spanning property, casualty, and specialty divisions.
Ki said its brokers and clients will continue to experience the efficiency of its digital platform, including swift responses to quote requests. The platform will also streamline the process of follow capacity offers from partners, complementing the existing Ki 1618 line.
Forming multi-year partnerships with Travelers and Aspen, alongside their ambitious growth plans for Syndicate 1618, Ki is set to substantially boost the follow capacity available from the first of January next year, pending approval from Lloyd’s.
“We are delighted to be launching these ground-breaking partnerships to accelerate the adoption of digital follow in the Lloyd’s market. As a result, Ki will significantly expand the follow capacity available through algorithmic underwriting, marking a major step towards a fully digital follow market. We are pleased to partner with Travelers and Aspen, two leading companies in our sector, who share our vision of a more efficient follow market and we look forward to working closely with them as long-term partners,” Ki CEO Mark Allan said.
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