Slice Labs (Slice), a technology company with the first on-demand insurance platform, has launched a new partnership that gives London Underwriters’ agents access to Slice’s 100% digital platform for small business coverage.
The product is under the Slice brand and is available now. It includes General Liability coverage for artisan contractors, general contractors and remodelers, a product that has been very successful with small businesses. Agents can quote in 30 seconds and issue in under 5 minutes.
“We’re excited about the simplicity and ease of Slice’s solution – the digital experience is a perfect fit for our agents,” said Daniel Feigenbaum, CEO of London Underwriters.
Building the future of insurance
Founded in 2015 and headquartered in New York City, Slice claims it is building the future of insurance by enabling insurers, MGAs, and technology platforms to build intelligent and intuitive, on-demand digital insurance products via Slice’s cloud-based platform.
The company’s focus is building embedded insurance products for ecosystems. According to McKinsey, ecosystems will generate US$60tn in revenue by 2025—which will constitute 30% of global sales in that year.
Slice states that the future of distributed insurance is embedded, and it understands that insurers struggle to build the technological and organisational foundations necessary for this approach.
“Working with London Underwriters expands our reach and our ability to continue to empower agents with products to protect small businesses,” said Tim Attia, co-founder and CEO of Slice.
London Underwriters is an insurance wholesale broker that specialises in writing property and casualty insurance. As one of the nation's largest Insurtech distributor, London Underwriters offers their appointed agents several insurtech programmes where agents can quote and bind online, plus hundreds of traditional brokerage markets they can submit business to.