Apollo writes first ‘Smart Follow’ risks
Apollo, the Bermudian-based independent specialist insurer and reinsurer, has written its first two risks under its new “Smart Follow” venture, powered by Artificial Labs, the London-headquartered algorithmic underwriting insurtech.
The initiative was announced in September following a successful proof of concept.
Smart Follow has added aviation, cargo and terrorism to its initial hull offering, while also continuing to build upon its technical capabilities to engage with brokers ahead of a wider launch in 2024.
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, said: “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.”