Acrisure London Wholesale (ALW), the London-based wholesale division of global fintech company Acrisure, has launched Acrisure Connect, a new digital platform designed to transform how small and mid-size businesses (SMBs) access the London market.
This platform was developed in collaboration with Verisk Specialty Business Solutions and receives backing from Lloyd’s and Flux Syndicate 1985.
By leveraging data analytics and streamlined digital placement, Acrisure Connect, aims to solve the historical friction that has kept small commercial risks away from London’s specialty underwriters.
Acrisure Connect will offer a range of specialised insurance products tailored to the needs of SMBs. Initially these will include errors & omissions coverage, sexual molestation liability, transportation, and cyber. With further product lines planned for introduction in future phases.
Tom Quy, Managing Director, Acrisure London Wholesale, said: “Acrisure is a trusted advisor to approximately 5 percent of SMBs in the United States and Acrisure Connect is a major step forward in giving these businesses access to the London market with the same level of sophistication and efficiency typically reserved for larger firms.
“By combining the deep expertise of the Acrisure London Wholesale team, Acrisure’s expansive reach, and Verisk’s cutting-edge technology and data insights, we’re enabling specialist London market solutions to serve SMBs across the U.S. and globally like never before.”
Tim Rayner, CEO, General Insurance for UK & Ireland, and Specialty Business Solutions, emphasised the technological shift: “Verisk is proud to partner with Acrisure on the launch of Acrisure Connect, a platform that represents a significant development in the modernisation of how small and mid-size businesses access the London market.
“By combining our technology with Acrisure’s strength of distribution, we’re able to unlock new opportunities and bring greater dynamism, accuracy, and efficiency to the placement process. This collaboration exemplifies how innovative technology can drive meaningful change in the insurance ecosystem. We look forward to refining this innovative platform along with Acrisure to serve the dynamic needs of brokers and underwriters.”
Acrisure has also confirmed that additional product lines are planned for introduction in future phases to further expand market access.
