PoloWorks has launched a new digital market offering, Polo Digital, to support the digitisation of the London insurance market.
Polo, which is the trading name of Polo Managing Agency and Polo Commercial Insurance Services, is based in Bishop's Cleeve on the edge of Cheltenham.
Its new service allows clients to access a wide range of AI supported digital solutions in the creation, storage, transformation, and management of underwriting data sets, through digitisation as a service.
'Data integration services are crucial for businesses looking to gain holistic insights from their data,' said Paul Andrews, PoloWorks and Polo managing agency chief executive officer. 'Our new offering will help organisations efficiently capture data, combing it from different sources to create a unified view, a vital step in enabling them to meet the challenging requirements of market modernisation.
'Polo Digital will create data services which will continue to evolve with market technological advancements, enabling businesses and individuals to harness the power of data for innovation, efficiency, and decision making in the digital age.'
Polo Digital was launched to bring artificial intelligence technology to Polo’s underwriting and broking clients to meet the needs of the broking and insurer community to support accurate data entry needed to reap the benefits of a core data record.
Polo Digital will become part of PoloWork’s services arm, Polo Commercial Insurance Services, and will be headed up by Richard Lawson, who is CEO.
'As a major provider of risk capture and exposure management services to the London market, it became apparent in conversations with our clients that digitisation of these business-critical services was key for them and Polo,' said Lawson.
'We have been working on optimising our services to provide digital solutions
delivered by subject matter experts at Polo Digital. We are very much aware that
going forward, brokers will need more full-time support or as the market
transitions into the various modernisation initiatives to come.'
