AXIS Insurance, the specialty insurance business division of AXIS Capital, has partnered with AllDigital Specialty to develop and launch a new insurance platform.

The platform, which will utilise AllDigital’s low-touch/no-touch technology, is designed to help AXIS quote, bind and issue policies in the US small private company management liability market segment.

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As the underwriter for Directors and Officers (D&O) and Employment Practice Liability (EPL) policies, AXIS will offer paper and capacity that is distributed through its wholesale broker network.

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 US businesses.

“The real growth engine of the US 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.”

Said to be scalable, the AllDigital ecosystem can be expanded to other products in the management liability market.

AXIS Insurance Commercial Management Solutions head Mark Paccione said: “In partnership with AllDigital, AXIS will work with wholesale distribution partners to provide a greater number of small businesses with the insurance protection they need to operate in today’s increasingly complex business environment.

“This no-touch solution for wholesaler brokers allows us to deepen productive distribution partnerships, while maintaining current levels of focus on our existing complex risks business.”

In 2018, AXIS Insurance teamed up with DUAL North America to offer environmental risk product offering for contractors, consultants and engineers in the US.