DXC and PoloWorks Join Forces to Modernize Lloyd's Syndicates with Advanced Technology

Collaboration Between DXC Technology and PoloWorks

DXC Technology, a major player in technology and innovation, has expanded its influence by forming a strategic partnership with PoloWorks, a key Lloyd's management agency. The primary aim of this collaboration is to streamline and accelerate the establishment of new Lloyd's syndicates through advanced technological solutions.

Since 2023, DXC Technology has been actively working alongside PoloWorks to modernize the operations of syndicates via its cloud-based Assure Commercial Specialty platform. This effective tool eliminates the burden on syndicates to invest heavily in software management and maintenance, thereby freeing up valuable time and resources. The integration of three new Lloyd’s syndicates into the PoloWorks ecosystem marks a significant milestone in this ongoing partnership, enhancing operational efficiency and compliance across the board.

Benefits of Assure Commercial Specialty

The Assure Commercial Specialty platform is designed with a cloud-native architecture that ensures easy integration with application programming interfaces (APIs). With its built-in artificial intelligence and no-code configurability, the platform provides PoloWorks with instant access to cutting-edge technology. This empowers syndicates to swiftly launch their operations and remain agile in a dynamic insurance market.

Paul Andrews, CEO of PoloWorks, has remarked that with Assure Commercial Specialty, syndicates can become operational from day one. The technology framework provided by DXC enables them to maintain focus on underwriting while supporting the growth of their operational capabilities. As a result, syndicates can achieve operational efficiency and navigate regulatory environments confidently.

Supporting a Diverse Ecosystem

DXC and PoloWorks’ partnership is not solely about enabling Lloyd's syndicates; it expands to support insurers and delegated general agents (MGAs), creating a versatile ecosystem for various insurance entities. Thanks to the Assure platform, syndicates can enter the marketplace in just a month, ensuring they are equipped with advanced tools and capabilities right from the start. This comprehensive solution covers the entire underwriting cycle, from claims management to financial processes and analytics, all while providing high configurability.

Chris Kirby, the Global Products Director at DXC, expressed pride in partnering with PoloWorks, aiming to provide the latest technology to its business ecosystem. The goal is to establish a more streamlined market environment within Lloyd's that promotes the growth of management agents and syndicates.

DXC Technology’s Deep Expertise

With over four decades of experience, DXC is considered a trusted partner in the insurance sector, handling more than half of the transactions within the London insurance market. As a leading provider of core insurance systems, the company emphasizes innovation that helps brokers and (re)insurers simplify the complexities and costs associated with over a billion insurance policies processed through its software solutions.

For more information regarding the Assure Commercial Specialty and its capabilities, visit DXC’s website.

Conclusion

The collaboration between DXC Technology and PoloWorks signifies a pivotal moment in the modernization of Lloyd's syndicates. By leveraging cutting-edge technology, the partnership aims to simplify operations, improve efficiencies, and ultimately enhance the market for both existing and emerging insurance entities. This strategic alliance showcases how technological innovation can drive growth and stability in fast-evolving markets, ensuring that companies can respond swiftly to changing demands and regulatory landscapes.