Acrisure launches digital gateway to the London market for SMBs

Acrisure London Wholesale has launched its new digital platform Acrisure Connect, offering a range of specialised insurance products tailored to the needs of small and medium-sized businesses (SMBs). 

The platform was developed in partnership with Verisk Specialty Business Solutions and backed by Lloyd’s and Flux Syndicate 1985. 

The curated suite of specialty products comprising the Acrisure Connect platform work to streamline the placement process and expand London market access.

Tom Quy, managing director at 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% of SMBs in the US 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 technology and data insights, we’re enabling specialist London market solutions to serve SMBs across the US and globally like never before.”

What will it offer?

The new platform initially includes errors and omissions coverage, sexual molestation liability, transportation and cyber.

There are also further product lines planned for introduction in future phases.

Tim Rayner, chief executive of general insurance for UK, Ireland and specialty business solutions at Verisk, 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 SMBs 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.”