Ki Insurance and QBE Partner to Expand Capacity on Digital Platform

Ki Insurance, the algorithmically-powered Lloyd’s digital follow platform, has announced a partnership with QBE Insurance. QBE will become a capacity partner on the platform, expanding the range of insurance solutions available to brokers.

Starting in early February, QBE’s capacity will be accessible on Ki’s platform for eleven open market classes of business: Cargo, Contingency, Cyber, D&O, Energy Midstream, Energy Upstream, Financial Institutions (FI), Hull, US Professional Indemnity (PI), Property North America 1 (NA), and Property Worldwide (WW). Notably, this partnership marks the introduction of partner capacity for the Contingency class at Ki.  

The partnership will enable brokers to have greater access to capacity and streamline the process of securing follow-form insurance. By leveraging Ki’s digital platform, brokers can efficiently access and bind coverage from multiple capacity providers, including QBE.

Speaking about the partnership,  Mark Allan, CEO of Ki, said:  “We are proud to launch our partnership with QBE by adding their capacity to the Ki platform. QBE is a highly respected business in the specialty insurance market, with significant scale across the London, US and International markets. Their enthusiasm to partner with Ki reinforces our shared vision regarding the importance of seamless digital trading for the future of the specialty insurance marketplace. We are also pleased to be expanding capacity with our existing partners. Offering brokers capacity from five syndicates is another positive step in Ki’s continued commitment to the London market and our mission to drive innovation and digitization within the insurance industry.”

Jason Harris, CEO at QBE International, added:  “As the insurance market continues to evolve, we are pleased to be partnering with Ki and its digital offering. Digital follow is driving positive outcomes for the market, brokers and insureds by providing faster access to high quality capacity and more certainty of placement and complements traditional underwriting. We anticipate significant growth taking place over the next decade in this space and, as a market leader, look forward to collaborating with Ki to drive increased digitisation and efficiency throughout the entire risk journey.”