Independent specialist insurer and reinsurer Apollo has announced writing its first two risks under its new Smart Follow venture, powered by Artificial, which was announced in September following a successful proof of concept.
According to Apollo, Smart Follow has added Aviation, Cargo, and Terrorism to its initial Hull offering, whilst also continuing to “build upon its technical capabilities to engage with brokers ahead of wider launch in 2024.”
Farris Salah, Apollo’s Head of Smart Follow, commented, “To be live with Smart Follow so quickly is testament to the work and dedication of the team and our successful collaboration with Artificial.
“This milestone was achieved in under 3 months from start to finish which clearly demonstrates Apollo’s culture of pioneering innovative solutions for the benefit our partners. We are excited to expand the unique offering Smart Follow brings to the Lloyd’s market over the coming months.”
James Slaughter, Apollo’s Group CUO, said, “Writing our first Smart Follow risk is a great achievement for the team, but we already have our sights set on the next steps.
“Apollo continues to grow in innovative areas across our various syndicates and managing agency services. Partnerships like those with Artificial and Envelop demonstrate the advantages collaboration brings to our partners.”
David King, Artificial Co-CEO, added, “We are delighted to go live with Smart Follow. This is a significant milestone in our collaboration with Apollo and it’s just the beginning of what we will achieve. Artificial is dedicated to delivering innovative solutions to our partners and we’re excited to see what comes next.”
In related news, Apollo recently revealed it will launch a new Specialty Treaty class of business within the Reinsurance Division of Syndicate 1969, 1 January 2024. The new portfolio will focus on the niche classes of Credit, Mortgage and Surety reinsurance.
