Specialty insurance firm AXIS Insurance has teamed up with AllDigital Specialty so it can launch a new insurance platform aimed at the US small private company management liability market.
AllDigital will offer its low-touch and no-touch technology to help AXIS operate a streamlined digital platform to quote, bind and issue policies in the market.
AXIS will provide paper and capacity as the underwriter for directors and officers (D&O) and employee practice liability (EPL) policies through the platform. It will also explore new products for the platform.
AllDigital CEO Athula Alwis said, “We are thrilled to initiate this strategic partnership with AXIS to provide streamlined and automated management liability solutions to small U.S. businesses.
“The real growth engine of the U.S. economy is our small businesses that employ tens of millions of Americans and pay close to $2trn in payroll. It is exciting to partner with AXIS, a specialty insurer that has made a clear commitment to digital transformation.”
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