Press release

Brit and Google Cloud collaborate to launch Ki, the first algorithmically-driven Lloyd’s of London syndicate.

John

Neal

CEO,

Lloyd's of London

Talking about Ki

John Neal

CEO,

Lloyd's of London

"Ki truly embraces all that is represented in “The Future at Lloyd’s” by bringing data, technology, innovation and artificial intelligence to the fore in the complex world of corporate and specialty underwriting. It is an exciting first for Lloyd’s and paves the way for others to follow."

Matthew Wilson

CEO,

Brit

"Ki is a significant milestone for our market, combining Brit’s heritage of underwriting outperformance and Google Cloud’s technology expertise. Over time, Ki will look to play a central role in the transformation of the specialist insurance market in London, creating a whole new and fully digital segment which operates seamlessly alongside the traditional marketplace.

 

Recent events have demonstrated the importance of electronic trading and I expect Ki to be at the forefront of the accelerated transition in how the Lloyd’s market transacts business. Through building a truly quantitative-based approach to insurance, Ki aims to do what quantitative hedge funds did to Capital Markets in the 1990s."

Adrian Poole

Head of Financial Services,

Google Cloud

"We are proud to be the cloud provider for Ki, and to collaborate with Brit to transform the London insurance market. As the first algorithmic syndicate, we see this as an exciting first step by Brit to support the Future at Lloyd’s vision and are delighted to bring our market-leading technologies to support this innovative venture."

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