Verisk Launches Scalable Platform to Streamline Specialty Insurance Workflows for London Market

Verisk has launched a next-generation underwriting platform designed specifically for the London Market. Developed by Verisk Specialty Business Solutions, the platform aims to modernise underwriting operations for insurers and reinsurers navigating increasing complexity and cost pressures.

Specialty insurer and reinsurer IQUW is the first to implement the platform, citing its seamless integration with existing systems and data accuracy as key drivers of adoption.

“We’re excited to be the first to adopt this solution,” said David Greenwood, Chief Operating Officer at IQUW. “Verisk’s API-first approach enables us to streamline workflows across our business tools. This platform is a foundational step in freeing up underwriters to focus on strategic decision-making and delivering faster, more intelligent underwriting.”

The platform is engineered to support rapid innovation cycles and deliver immediate business value. It leverages Verisk’s global data assets, advanced analytics, and deep industry expertise to help insurers respond to evolving market dynamics and regulatory demands.

Chris Spencer, Director of Underwriting Solutions at Verisk Specialty Business Solutions, commented: “The London Market remains a global centre of underwriting excellence, but the landscape is shifting. Our platform is designed to help insurers meet rising client expectations, improve operational efficiency, and maintain a competitive edge.”

Key Features:

• API Enablement: Seamless integration with existing systems to reduce complexity and cost.
• Faster Value Delivery: Domain-focused technology supports continuous delivery and iteration.
• Scalability: Built for ongoing enhancements to meet evolving market needs.
• Empowered Underwriters: Advanced pre-bind workflows and data-driven tools for better risk selection.

“This launch is a significant milestone in our ongoing investment in digital transformation,” added Tim Rayner, President of Verisk Specialty Business Solutions. “We’re proud to work with clients like IQUW to deliver scalable, efficient, and precise underwriting solutions.”

Rayner concluded, “Verisk SBS’ new platform has been specifically engineered as a fresh, modern solution, providing insurers with the strategic digital infrastructure needed to enhance underwriting effectiveness, streamline critical workflows, and sharpen their competitive edge.”