Global insurance and reinsurance broker Howden has announced the launch of Howden Auto Tracker, a new automated follow-form facility that combines tracker capacity and connected algorithmic capacity, giving brokers direct access to both from the same data source.

The Tracker boosts efficiency for brokers and clients by linking carriers, guaranteeing automatic capacity within established parameters, and allowing additional insurers to easily join the platform.

This is especially beneficial for wholesale business, where orders can be confirmed in minutes.

Sarah Hughes, CEO, Howden Specialty, commented: “Howden is leading from the front in technological innovation. Howden Auto Tracker allows us to meet client demands swiftly and effectively, ensuring competitive terms and rapid quote turnaround, as well as binding larger lines of business than ever before.”

Currently offering up to 25% capacity across client portfolios, Howden Auto Tracker aims to have the ability to secure 100% digital capacity behind chosen lead markets by 2026. It will also be able to deliver tacit renewals on the same platform.

Howden Auto Tracker, an advancement of Howden’s auto-follow strategy, expands on current capabilities by leveraging Ki’s strong algorithmic digital follow technology and platform.

Ki, launched in 2021 as a member of the Fairfax Group and supported by Blackstone, is a robust algorithmic digital follow technology and platform.

The Tracker will be led by QBE and backed by a panel of insurers to provide certainty and expertise.

Paul Towler, Chief Broking Officer, Howden Specialty, stated: “Facilities represent a transformation of the London Market and it is critical we have the best technology to ensure we’re future-ready, and with room to grow.

“Howden Auto Tracker brings speed, efficiency, and closer alignment with our strategic partners, and the ability to secure capacity via a single source rapidly, allowing our brokers to focus on securing the right lead terms. Clients benefit from the speed and certainty in obtaining quotes, with more capacity available behind the most competitive lead markets.”

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