Ki Insurance and QBE Join Forces to Enhance Digital Solutions for Brokers
Ki Insurance has made significant strides in enhancing broker insurance solutions by partnering with QBE Insurance, a move that aims to streamline access to follow-form insurance capacity through an innovative digital platform. This collaboration not only simplifies the insurance acquisition process for brokers but also expands their options in the competitive Lloyd’s market.
Partnership Overview
The alliance between Ki Insurance and QBE Insurance marks a pivotal moment in the insurance industry, focusing on creating a robust digital ecosystem for brokers. By integrating QBE’s capacity into Ki’s digital follow platform, brokers can now:
- Access coverage from multiple providers efficiently.
- Simplify the binding process for follow-form insurance.
- Enhance market accessibility and efficiency.
Benefits for Brokers
Ki Insurance utilizes advanced algorithms to facilitate a fully digital model, offering brokers an efficient way to obtain follow-form insurance solutions. Key benefits of this partnership include:
- Expedited Coverage: Brokers can quickly obtain and bind insurance coverage.
- Diverse Options: Access to multiple capacity providers through a single interface.
- Market Efficiency: Improved decision-making with a broader range of insurance products.
QBE’s Market Presence
QBE Insurance is renowned as a global insurance and reinsurance leader, with a strong foothold in London, the US, and international markets. The firm offers a comprehensive array of commercial insurance products and is particularly recognized for its specialty insurance offerings. This partnership aligns with QBE’s vision of enhancing underwriting and distribution efficiency through digital innovation.
Expanded Capacity on Ki’s Platform
Starting from early February, brokers will have access to QBE’s capacity across eleven open market business classes, which include:
- Cargo
- Contingency
- Cyber
- D&O (Directors and Officers)
- Energy Midstream
- Energy Upstream
- Financial Institutions (FI)
- Hull
- US Professional Indemnity (PI)
- Property North America 1 (NA)
- Property Worldwide (WW)
This marks the first instance where Ki will offer partner capacity for the Contingency class, further diversifying the insurance options available to brokers.
Statements from Leadership
Mark Allan, CEO of Ki, expressed enthusiasm about the partnership, stating, “We are proud to launch our partnership with QBE by adding their capacity to the Ki platform. Their reputation in the specialty insurance market, combined with our commitment to innovation, will drive the future of digital trading in this sector.”
Jason Harris, CEO at QBE International, also highlighted the mutual benefits, saying, “This partnership represents a significant opportunity to leverage digital follow capabilities, providing faster access to high-quality capacity and greater certainty of placement for brokers and insureds alike.”
For more information on insurance solutions and digital integration in the insurance market, visit our Insurance Solutions page or check out QBE Insurance’s official site.
