UK-based insurtech, Artificial Labs, and Tier 2 Consulting, renowned for its expertise in agile software development, have joined forces to revolutionise insurance solutions with automated underwriting technology.
According to the announcement, this alliance promises cutting-edge solutions and transformative advancements for insurance providers and policyholders alike.
With over two decades of experience in delivering tailored solutions within the London Insurance Market, Tier 2 will assist commercial insurers and brokers in seamlessly incorporating Artificial platform features into their current systems and infrastructure.
Tier 2 will deliver bespoke functionalities to meet customers’ unique needs, offering comprehensive analysis, development, and support services.
Paul Thorp, Head of InsurTech, Tier 2 Consulting, said: “Having worked with the Artificial team and used their technology over the last 24 months – including integrating with their services, such as Contract Builder, their underwriting platform and Data Ingestion APIs – we are delighted to be able to formalise our partnership.
“Our detailed knowledge and experience of integrating with the platform will help insurance organisations maximise their investment in Artificial’s technology.”
David King, Co-founder and Co-CEO, Artificial, commented: “In our partnership with Tier 2, we found a team that not only understands the brokerage ecosystem but excels in it. Their expertise and insights were invaluable on this project.
“Their long-standing relationship with Ed Broking and their knowledge of the sector allowed us to turn ambitious ideas into a successfully executed project, and they were a crucial catalyst in bringing it to fruition.”
Tier 2’s ‘TradEd’ – a digital platform designed exclusively for Tier 2 customer, Ed Broking – has helped the company to gain credibility within the global broking industry.
‘TradEd’ – renamed ‘Trade’ – has redefined the function of wholesale brokers, setting the stage for cost-saving opportunities for carriers while simultaneously enabling Ed to optimise and streamline their commission processes.
