PriyaPatel
TLDR:
- BMS has adopted Artificial Labs’ Contract Builder as part of its digital strategy.
- The platform will enhance contract-building processes and align with BMS’s digital transformation goals.
Key Elements of the Article
BMS, an independent insurance and reinsurance broker, has integrated Artificial Labs’ Contract Builder into its digital strategy. The platform is scheduled for launch in February 2024 across various business lines within the company, with plans for further integration throughout the year. This move is aimed at improving analytical reporting, reducing manual data entry, and aligning with BMS’s digital transformation goals.
The Contract Builder platform will be integrated into BMS’s existing Broker Workbench, streamlining the contract-building and slip assembly processes for brokers. Adam Stafford, the COO at BMS, expressed enthusiasm for the new product and looks forward to its implementation across all teams.
Artificial Labs specializes in algorithmic underwriting and offers innovative solutions for the insurance industry. David King, the co-founder and co-CEO of Artificial Labs, highlighted the partnership with BMS as a significant step towards building advanced technological solutions for the insurance market.
The collaboration between BMS and Artificial Labs underscores the value of digital transformation in the insurance industry and the importance of embracing cutting-edge technologies to drive efficiency and accuracy in contract-building processes for insurance brokers.
