BMS partners with Artificial Labs

BMS Group , the independent specialist insurance and reinsurance broker, announced it has partnered with Artificial Labs , the algorithmic underwriting specialists, to adopt their Contract Builder as part of a programme to use digital placing initiatives across the brokerage.

The digital contract-building platform is set to be initially rolled to several business lines within BMS in February 2024, with additional lines integrating the platform throughout the remainder of the year.

Contract Builder will integrate into BMS’s existing Broker Workbench, empowering its teams to merge risk models and legal documents with precise, compliant, and auto-populated data, initiating the slip assembly process.

“It’s uncommon to see broking teams express such enthusiasm for a new product as they have been with Artificial Labs’ Contract Builder. The transition has been seamless, and I look forward to its implementation across our remaining teams as we continue to enhance our digital ecosystem with the Artificial Labs team.” – Adam Stafford, Chief Operating Officer at BMS Group.

“We are delighted to partner with BMS and recognise their invaluable contribution to its development. It is crucial for us to partner with organisations that want to be part of the next generation of insurance, and in BMS we know we have found that. The partnership is emblematic of the value of our products and the strides we are making to build advanced technological solutions for the insurance market.” – David King, Co-Founder and Co-CEO at Artificial Labs.