Artificial Labs

What is Artificial Labs?

Artificial Labs provides technology for specialty (re)insurance brokers and insurers. Its platform, the Artificial Risk Terminal, spans the insurance cycle from underwriting and placement to reporting and capital deployment. The vendor also lists work with coverholders.

Key capabilities of Artificial Labs

• Algorithmic underwriting: automates underwriting decisions on defined rules.
• Underwriting workbench: a workspace for underwriters to review risks.
• Aggregation and reporting: tracks exposure and produces reports.
• Core broking engine: handles broker placement workflows.
• Delegated authority and consortia: modules for managing delegated business and consortium deals.
• Capital deployment: supports matching distribution with capital.

How Artificial Labs works

Brokers and underwriters use shared modules to submit, quote, bind and report risks on one platform rather than passing documents between systems. The vendor reports about $80bn in premium processed, an 80% admin cost reduction for one global broker and transaction times cut from hours to seven seconds. Integration details are discussed with the vendor.

Who uses Artificial Labs?

Underwriters, brokers and coverholders in the specialty and reinsurance market.

Artificial Labs pricing

Artificial Labs does not publish pricing; the site directs visitors to its contact page.

Artificial Labs alternatives

FRISS focuses on fraud detection and risk scoring for insurers, not end-to-end placement. Nilus is a finance-category product that is not built around specialty underwriting and placement workflows.