Verisk bought Sequel for £250 million to digitise the stubbornly human London insurance market. The result is a software suite built to remove rekeying and spreadsheet drift - while leaving judgment to brokers and underwriters.
The London insurance market still runs on expertise, relationships and a heroic quantity of documents. Artificial Labs has spent a decade turning that paperwork into data - and the industry's judgment into software that can move at market speed.
Hiscox began with marine risk at Lloyd’s. Today it sells a policy online in minutes, models California wildfire years ahead and still makes room for the odd painting, satellite or kidnap case.