International specialty reinsurance group Chaucer has forged a strategic partnership with Artificial Labs to develop a next-gen underwriting platform for speciality products.

Through this partnership, the companies aim to offer a smarter underwriting service to brokers and clients.

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They will receive a fully digitised quote, bind and issue process for policies from Chaucer.

Chaucer will combine its underwriting expertise with Artificial Labs’s advanced machine learning capabilities.

Artificial CEO Damian Arnold said: “We are thrilled to be Chaucer’s next generation tech partner as we work together to drive insights, opportunities and efficiencies across the business.

“As a top quartile (re)insurer, Chaucer demands the latest technology to deliver a better underwriting experience and, ultimately, a better service to their customers.

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Chaucer has been working closely with Artificial’s team to make sure the platform caters to underwriters’ needs and can house the complexities of their specialist business lines.

Chaucer CEO John Fowle said: “We are committed to delivering the best service to brokers and clients, and using the Artificial’s platform will enhance our underwriting responsiveness and speed to market for new specialty products.

“Our partnership with Artificial will help us deliver our next generation underwriting platform with smarter data-driven risk selection and pricing, leaner and more scalable processes, allowing our underwriters to focus on spending more time with brokers and clients.”