Tier 2 Consulting joins forces with Artificial to revolutionise insurance solutions
Tier 2 Consulting, renowned for its expertise in agile software development, has forged a partnership with Artificial Labs, an innovative UK-based InsurTech company at the forefront of automated underwriting technology.
As a key integration partner of Artificial, this alliance promises cutting-edge solutions and transformative advancements for insurance providers and policyholders alike.
With over two decades of experience in delivering tailored solutions within the London Insurance Market, Tier 2 will assist commercial insurers and brokers in seamlessly incorporating Artificial platform features into their current systems and infrastructure. Tier 2 will deliver bespoke functionalities to meet customers’ unique needs, offering comprehensive analysis, development, and support services.
“Having worked with the Artificial team and used their technology over the last 24 months – including integrating with their services, such as Contract Builder, their underwriting platform and Data Ingestion APIs – we are delighted to be able to formalise our partnership. Our detailed knowledge and experience of integrating with the platform will help insurance organisations maximise their investment in Artificial’s technology.”
Paul Thorp
Head of InsurTech, Tier 2 Consulting
Tier 2 has already gained credibility within the global broking industry through the development of ‘TradEd’, an innovative digital platform designed and built exclusively for Tier 2 customer, Ed Broking. The noteworthy impact of ‘TradEd’ was acknowledged on a national scale during The Insurance Insider Honours in 2018 when Ed Broking was honoured with the ‘Broking Initiative of the Year’ award in recognition of this groundbreaking solution. ‘TradEd’ – since renamed ‘Trade’ – has redefined the function of wholesale brokers, setting the stage for cost-saving opportunities for carriers while simultaneously enabling Ed to optimise and streamline their commission processes.
With a proven track record in crafting groundbreaking InsurTech systems, and integrating with services including PPL and Ki algorithmic underwriting, Tier 2 is poised to deliver more innovative platforms tailored to customers in this new partnership with Artificial.
“In our partnership with Tier 2, we found a team that not only understands the brokerage ecosystem but excels in it. Their expertise and insights were invaluable on this project. Their long-standing relationship with Ed Broking and their knowledge of the sector allowed us to turn ambitious ideas into a successfully executed project, and they were a crucial catalyst in bringing it to fruition.”
David King
Co-founder and Co-CEO, Artificial
With Tier 2 Consulting’s extensive industry experience coupled with Artificial’s expertise, this partnership promises to revolutionise solutions for the insurance industry.
About Artificial:
Artificial Labs is an established technology provider for the Lloyd’s and London market. We work with commercial and specialty insurers and brokers to facilitate algorithmic placement of risk, backed by a powerful contract builder and augmented underwriting platform.
About Tier 2 Consulting:
Tier 2 Consulting is a Digital Transformation company that delivers custom software solutions using an agile approach. Specialists in cloud-native development, cloud migration and application modernisation, Tier 2 are experts in development of bespoke web and mobile applications.
Tier 2’s extensive experience in the insurance industry can be relied upon to consistently deliver a high standard of work within compliance-heavy regulations, with a client list including a number of market leaders and trusted brands.
Explore our InsurTech skills: Success story with Ed Broking
Ed Broking LLP and Tier 2 Consulting have created TradEd, a revolutionary digital platform for the broking industry that’s enabling change across the globe. The goal of the project was to use digital efficiencies that drive down intermediary costs, whilst increasing trading intelligence at every stage of the process. The platform has since attracted interest from insurance and reinsurance networks looking for data-driven partnerships.
“We had an idea that we should build a system that would revolutionise the way we work, and hopefully drive significant change within our industry. To define that, build and deliver a significant part of that, in seven months, is an extraordinary achievement by anyone’s standards.”
– Jonathan Prinn, Group Head of Broking, Ed Broking LLP
