April 19, 2021:
Advent Insurance Management, the Lloyd’s and London Market service provider, today announces the launch of dedicated technology business Ecliptic, to partner with and challenge Lloyd’s and London market businesses to help realise their ambitions through technological innovation.
Ecliptic’s formation follows Advent being awarded approved service supplier status by LIMOSS*, after building the LMA’s expert management platform, GEMINI, a market-wide solution it administers on behalf of the Lloyd’s market. Drawing on this experience and the deep industry knowledge of its expert team, Ecliptic will offer a highly collaborative approach; part building solutions for potential clients to prove a concept will work in practice before they commit to buying the end product.
Ecliptic employs the latest technology platforms, analytics and artificial intelligence to build and deliver compliant and innovative solutions extremely quickly. In due course, Ecliptic will also launch its Innovation Lab, a drop-in, collaborative space staffed by its experts plus PHD and MBA graduates in partnership with a leading university.
Paul Bermingham, managing director, Advent said: “Advent has long been committed to supporting the market’s efforts to modernise and we are well acquainted with the problems and frustrations experienced within it. Ecliptic takes that commitment a step further. We are impatient to understand our clients’ issues and deliver future-proof solutions for them. Having fully understood an issue, our deep experience allows us to then move at speed and develop a solution, not only to help our clients modernise but to thrive.”
*LIMOSS – the Lloyd’s and London Market’s strategic sourcing and operating service
For further information please contact:
David Haggie / Richard Adams / Shipra Khanna, Haggie Partners +44 20 7562 4444
Ecliptic is the dedicated technology business of Advent Insurance Management, which offers a highly collaborative approach; part building solutions for potential clients to prove a concept will work in practice before they commit to buying the end product. Ecliptic partners with and constructively challenges Lloyd’s and London market businesses to help realise their ambitions to modernise through technology. Ecliptic products include LIBRA (previously DA Portal), which eliminates major inefficiencies and frustrations for all businesses in the delegated authority value chain, and GEMINI, the LMA’s expert management platform; a market-wide solution Ecliptic administers on behalf of the Lloyd’s market.
Advent Insurance Management provides consulting, global claims services, back-office outsourcing, and technology solutions to London market brokers, carriers and their coverholders which alleviate regulatory and competitive pressures and allow delegated authority underwriting businesses to thrive.