Fidelis Partnership (TFP) has announced the launch of Broker Connect, a new feature within its underwriting platform designed to significantly automate and streamline the pre-bundling submission process for complex risks, with Howden being the first brokerage partner to go live via ACORD ADEPT.
TFP explained that ACORD ADEPT is one of the key platforms integrated into its platform and will be used to exchange information between TFP and Howden.
TFP continued: “Broker Connect is designed to significantly improve the speed and quality of information flow between brokers and underwriters, enabling faster and more accurate underwriting decisions.
“It aims to replace fragmented manual submission processes with structured data and digital workflows, reducing friction, eliminating the need for rekeying and meaningfully improving data accuracy.
“Broker Connect also incorporates AI-assisted search, enabling underwriting, operations and claims teams to quickly locate and evaluate historical submission data.”
TFP said it plans to expand Broker Connect into pricing and actuarial capabilities in subsequent phases, using artificial intelligence to convert unstructured data into the format required by modeling and pricing systems.
Broker Connect will initially cover TFP and Pine Walk (TFP’s specialist MGA platform), creating a single regulated store for both firms’ brokerage messages and documents.
John-Paul O’Hare, group director of underwriting at Fidelis Partnership, commented: “For TFP, leadership is about enabling our underwriters to focus on where we can add the most value – working directly with brokers and the market to find solutions to complex risks.
“We’re excited to leverage AI to increase the scale and speed of doing business with Howden, one of our key partners. Broker Connect provides our team with greater accuracy and eliminates manual processes.
“It also reflects our wider commitment to leveraging AI across our business to help us make expert decisions on complex risks quickly, efficiently and at scale. We are delighted to be partnering with Howden to launch this project.”
Sarah Walton, group director of commercial services at Howden, commented: “This partnership is about making the placement process better for clients. In today’s environment, clients need the ability of brokers and underwriters to respond to complex risks quickly and accurately.”
“This integration will help solve one of the most persistent friction points in the market and we are excited to pilot it with TFP.”