Ki - creating a digital follow business in Lloyd’s
In this IIL London Market webinar, Mark Allan discussed 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.
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.
By the end of this webinar members would have gained 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
- Online event
You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (020 7397 3911).
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.