Ki and QBE form new partnership, with QBE capacity being added to the Ki platform. Additionally, Ki will offer enhanced partner capacity for risks incepting from 1 March 2025
Ki, the algorithmically-powered Lloyd’s digital follow platform, is delighted to announce a partnership with QBE and welcome them as a capacity partner on its platform.
This partnership with QBE is another major milestone for Ki following its move to become a standalone Fairfax company earlier this month and creates significant further momentum in the market’s adoption of algorithmic digital follow.
QBE capacity will be available on the Ki platform from 3 February 2025, for business incepting from 1 March 2025, across eleven open market classes of business: Cargo, Contingency, Cyber, D&O, Energy Midstream, Energy Upstream, FI, Hull, US PI, Property NA and Property WW. Partner capacity is being introduced to the Contingency class for the first time at Ki.
The launch of the QBE capacity will coincide with Ki growing its overall open market follow capacity with its current partners. Together, these enhancements mean brokers will be able to access larger line sizes across more classes of business from five Lloyd’s syndicates on the Ki platform.
Today’s announcement further supports Ki’s goal of delivering efficient, high-quality digital follow capacity to the Lloyd’s market, bringing value to brokers and their clients.
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 digitisation within the insurance industry.”
Jason Harris, CEO at QBE International, said: “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.”
For further information, please contact:
Georgie Hall, Corporate Communications, QBE, 07890 647 808, georgie.hall@qbe.com
About Ki
Ki Financial Limited and its subsidiaries (“Ki”) operates the first fully digital and algorithmically-driven Lloyd's of London underwriting platform offering instant follow capacity from multiple Lloyd’s syndicates (including Ki Syndicate 1618), accessible anywhere, at any time. Syndicate 1618 was the largest start-up in the history of Lloyd’s. Ki aims to transform the follow market by modernising the broker and client experience. Ki is a subsidiary of Fairfax Financial Holdings Limited.
Ki’s capacity partners are Aspen Digital & Syndicate 4711, Beazley Syndicates 623 and 2623, Ki Syndicate 1618, Travelers Syndicate 5000 and QBE Syndicate 5555.
About QBE
QBE helps businesses build resilience through risk management and insurance.
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2023 was US$21.75 billion. As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large customer base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our customers’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping customers improve their risk management so that they may benefit from a reduction in claims frequency and costs.