AI and Technology
Yes, but while AI has potential, established players like BRIT Ki face challenges due to internal policies and legacy IT, limiting their advantages despite success.
Yes, the current tech stack can handle all classes of insurance. AI reduces the need for conventional coders, and computing power is in place.
Yes, our CTO ensures strict adherence to data governance and ISO standards.
VUW.ai will use its growing data lake to deliver above-average returns with low risk and build a sophisticated system for making risk decisions.
We have market data from Lloyd’s Insight Hub and company reports, used to map loss ratios and assess syndicate performance by class. This is overlaid with market intelligence from a variety of sources.
We will gather data on slips, third-party risk data, and claims information.
We don’t start with detailed claims data. Claims are shown on a slip, and we measure performance against expected loss ratios to create feedback loops.
VUW.ai follows a lead underwriter on more complex insurance risks where the broker needs a number of underwriters to fill the order, in classes like property. “Smart Follow” uses AI to manage and enhance the manual follow process, tracking top market leaders.
Underwriting Approach and Risk Management
VUW.ai underwrites a broad range of small risk shares using digital technology, making the risk profile more predictable by taking smaller lines across many risks.
VUW.ai uses data to follow historically top-performing insurers. Digital trading allows for smaller line sizes (1-5%), increasing diversification and lowering risk.
We take small positions across multiple classes to achieve predictable results.
We offer market-beating returns with low volatility, supporting a diverse risk portfolio while aligning with reinsurance provisions.
Yes, our tech has customisable triage rules to remediate a portfolio to specific standards.
VUW.ai follows a lead underwriter on more complex insurance risks where the broker needs a number of underwriters to fill the order, in classes like property. “Smart Follow” uses AI to manage and enhance the manual follow process, tracking top market leaders.
Market Traction and Broker Engagement
Yes, digitisation is a major focus at Lloyd’s, and VUW.ai offers a complete digital solution for open market trading.
We will initially engage Brokers via the Whitespace platform, with strong interest based on conversations to be confirmed once underwriting capacity is in place.
Brokers engage because we provide automated quotes on an open market trading platform, offering: speed, ease of access and low-cost.
Ki is Brit Insurance’s digital arm, offering a follow solution for brokers to manually input data. VUW.ai is an independent startup with a scalable, next-generation digital trading platform, offering direct investment opportunities.
No, VUW.ai participates in the Follow Market as a standard practice, not a threat. We welcome collaboration with market leaders.
No, underwriters remain essential to setting and testing the rules. VUW.ai enhances their role, enabling more business with better strategy.
