McGill and Partners, AXA XL launch digital partnership to streamline risk placement

Collaboration integrates AI, real-time data to accelerate quoting and enhance visibility

McGill and Partners, AXA XL launch digital partnership to streamline risk placement

Technology

By Kenneth Araullo

McGill and Partners announced a digital-first partnership with AXA XL’s UK and Lloyd’s business aimed at increasing efficiency in the risk placement process. 

The initiative will align AXA XL’s risk appetite across multiple lines of business with McGill and Partners’ client portfolio. Through digital identification of in-scope risks, the partnership seeks to streamline placement and underwriting activities, which the firms indicate will accelerate the quoting process. 

AXA XL underwriters will use a customized dashboard to gain insights into risk selection and exposure management. The dashboard is designed to provide greater visibility into overall exposure while maintaining underwriting standards. 

The partnership also aims to automate risk appetite alignment, with the goal of simplifying and speeding up what can often be a complex placement process. 

The initiative is supported by McGill and Partners’ proprietary Underscore broking platform. The firms noted that the platform’s capabilities may be expanded to include other partners in the future. 

McGill and Partners has enhanced the Underscore platform by integrating an AI agent built on Salesforce's Agentforce technology. This AI-driven feature is intended to streamline broking operations by understanding context and intent, enabling real-time task execution and reducing delays in the placement process. 

Meanwhile, AXA XL’s efforts align with broader initiatives by parent company AXA to develop a digital commercial platform. This platform aggregates services leveraging real-time data from satellites, drones, and sensors, combined with AXA’s risk prevention expertise and underwriting and claims management. 

McGill and Partners has also expanded its digital auto-follow facility, Auton, with the introduction of Auton Green. This facility is designed to increase available capacity for onshore renewable energy risks, offering clients up to 40% capacity on certain lines. 

Supported by the Lloyd’s market and syndicates including Beazley, AXIS Energy Transition Syndicate 2050, and Munich Re Specialty, Auton Green demonstrates the firm’s growing use of digital platforms to facilitate specialized coverage areas. 

Steve McGill, CEO at McGill and Partners, said the firm has been built on digital-first principles and that innovation can transform and improve outcomes for clients. 

“Our firm has been built on digital first principles, with a deep belief in the power of innovation to transform and improve outcomes for our clients.  This partnership is another significant step which will enhance our clients’ experience,” McGill said. 

Sean McGovern, CEO of AXA XL’s UK and Lloyd’s business, said the partnership supports AXA XL’s market connectivity and digital underwriting efforts. 

“It allows us to harness the power of structured data and digital connectivity to deploy capacity efficiently on a risk-by-risk basis. This partnership not only enhances our trading relationship with McGill and Partners but also strengthens our position to deliver exceptional value to clients in a competitive landscape,” McGovern said. 

What are your thoughts on this story? Please feel free to share your comments below. 

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