Acrisure London Wholesale (“ALW”), the London-based wholesale division of global fintech leader, Acrisure, today announces the launch of its new digital platform, Acrisure Connect, purpose-built to transform how small and mid-size businesses (SMBs) access the London market.
Developed in collaboration with Verisk Specialty Business Solutions, a division of Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, and backed by Lloyd’s and Flux Syndicate 1985, it aims to deliver innovative, efficient and scalable solutions designed to meet the evolving needs of today’s fast-moving insurance market.
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. The curated suite of specialty products comprising the Acrisure Connect platform work to streamline the placement process, expand market access, and empower partners with smarter tools and underwriting intelligence.
Tom Quy, Managing Director, Acrisure London Wholesale, said: “Historically, SMBs have had limited access to the London market due to high volumes and low premiums. However, this is a vastly underserved and high-potential segment. 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, said: “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.”