Chaucer partners with Artificial Labs for its underwriting platform
Specialty insurer Chaucer has partnered with London-based Insurtech Artificial Labs to provide its brokers and clients a fully digitized quote, bind and issue process for policies “that combines Chaucer’s strong underwriting expertise with Artificial’s advanced machine learning capabilities.”
“We are committed to delivering the best service to brokers and clients, and using the Artificial platform will enhance our underwriting responsiveness and speed to market for new specialty products. Our partnership with Artificial will help us deliver our next generation underwriting platform with smarter data-driven risk selection and pricing, leaner and more scalable processes, allowing our underwriters to focus on spending more time with brokers and clients.” – John Fowle, CEO at Chaucer.
Artificial is a team of ~34. It has raised $5.58 million since its inception in 2013.
“We are thrilled to be Chaucer’s next generation tech partner as we work together to drive insights, opportunities and efficiencies across the business. As a top quartile (re)insurer, Chaucer demands the latest technology to deliver a better underwriting experience and, ultimately, a better service to their customers. Our mission at Artificial is to make insurance frictionless for both brokers and underwriters. By empowering Chaucer’s underwriters to quote, bind and issue policies digitally, we are adding real value to their business and allowing underwriters more time to focus on complex risks, where their judgement is more important, and activities that generate additional income and profits.” – Damian Arnold, CEO at Artificial.