Ki adds QBE to platform and ups existing panel capacity

By Rebecca Delaney

Jan 30 - (The Insurer) - Digital follow-form syndicate Ki has added QBE to its platform, with the Australian carrier offering enhanced partner capacity for risks incepting from 1 March 2025.

Ki said the addition of QBE to its platform signifies further momentum in the Lloyd's market's adoption of the algorithmic digital follow model.

QBE capacity will be available on the Ki platform from 3 February 2025 for business incepting from 1 March 2025, across 11 open market classes of business: cargo, contingency, cyber, D&O, midstream energy, upstream energy, financial institutions, hull, US professional indemnity, North American property and worldwide property.

This marks the first time that partner capacity is being introduced to the contingency class at Ki.

The addition of the QBE capacity coincides with Ki growing its overall open market follow capacity with its current partners, allowing brokers to access larger line sizes across more classes of business from five Lloyd’s syndicates.

Earlier this month, Ki completed its separation from its former parent Brit to become a standalone company within the Fairfax group.

“We are proud to launch our partnership with QBE by adding their capacity to the Ki platform,” commented Mark Allan, CEO of Ki.

“QBE is a highly respected business in the specialty insurance market, with significant scale across the London, US and international markets. Their enthusiasm to partner with Ki reinforces our shared vision regarding the importance of seamless digital trading for the future of the specialty insurance marketplace.”

Allan continued: "We are also pleased to be expanding capacity with our existing partners. Offering brokers capacity from five syndicates is another positive step in Ki’s continued commitment to the London market and our mission to drive innovation and digitisation within the insurance industry.”

Jason Harris, CEO at QBE International, added: “Digital follow is driving positive outcomes for the market, brokers and insureds by providing faster access to high quality capacity and more certainty of placement and complements traditional underwriting.

“We anticipate significant growth taking place over the next decade in this space and, as a market leader, look forward to collaborating with Ki to drive increased digitisation and efficiency throughout the entire risk journey.”