Lloyd’s Polo Managing Agency partners with DXC on AI, machine learning
Independent Lloyd’s turn-key managing agency Polo has partnered with DXC Technology to leverage solutions driven by machine learning and artificial intelligence.
The partnership will offer Polo Managing Agency’s (PMA’s) a new end-to-end insurance service in line with Blueprint Two digitisation, including DXC Assure Commercial and Specialty cloud solution, an API and microservice-oriented platform.
“As the market embraces digitisation and the integration of new technological initiatives, Polo’s partnership with DXC places us in the best possible position to adopt and integrate modern technology and the emerging wave of machine learning initiatives starting to appear in our market,” said Paul Andrews, chief executive officer of PoloWorks and Polo Managing Agency.
The DXC Assure solution aligns with Blueprint Two, Lloyd’s of London’s modernisation strategy, which requires carriers to implement changes that drive digitisation and meet specific requirements by the end of 2024. DXC Assure addresses the challenges faced by insurers looking to streamline processes whilst still managing IT expenditures. It will provide cost-effective solutions, allowing economies of scale for PMA’s managed syndicates and help support the Lloyd’s market. The platform provides the user with both a modern and visually engaging experience.
DXC Assure Commercial and Specialty will help PMA meet both the customers’ needs and support the continued growth of its turn-key managing agency, including its latest Wildfire SIAB, Syndicate 1996. By implementing DXC Assure as a service, PMA’s customers can save costs and time associated with acquiring, managing, and maintaining hardware and software.
Mark Broadhurst, managing director Insurance Europe of DXC Technology, said: “We are delighted to work closely with PoloWorks. This service will allow their customers in the London Market to access a cost-effective and cutting-edge solution that will help them implement and reap the benefits of Blueprint Two.”
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