MillerLaunches MillerBoost: Advanced Algorithmic Placement Facility for Property Re/Insurance
Miller, a London-based specialist re/insurance broker, has launched MillerBoost, an innovative property smart-follow facility designed to accelerate and enhance the precision of placements in a rapidly evolving insurance market. This facility leverages InsurX's frictionless trading infrastructure to provide global coverage via the London market, combining both tracking and algorithmic capacity to offer exclusive A+ rated Lloyd's capacity to Miller's clients.
MillerBoost integrates a bespoke panel of capacity drawn from Miller's strategic carrier relationships, supporting placements across property portfolios with a rule-based algorithmic model. This approach enables rapid triaging and quoting of risks, significantly increasing the speed of placement and service quality for retail and wholesale customers alike.
The facility employs data-driven methodologies to equip clients with supplementary capacity for their open-market shared and layered placements, enhancing carrier confidence in underwriting desired risks. This strategic use of data facilitates securing optimal outcomes for clients by aligning insurer appetite with placement speed and accuracy.
By empowering brokers with real-time access to quotes from strategic partners through a single communication, MillerBoost streamlines the underwriting process and allows brokers to focus on business development and client service. The collaboration between Miller and InsurX underscores the growing role of technology-driven solutions in enhancing competitiveness and operational efficiency within the re/insurance industry.
Overall, MillerBoost exemplifies a convergence of technology, strategic partnerships, and data analytics to meet evolving market demands for speed, precision, and access to high-quality capacity in property re/insurance. This development aligns with broader trends toward algorithmic placement models and enhanced broker capabilities in the London market and beyond.