Apollo, the London-based independent specialist re/insurer, announced its new ICX Consortium through its “Apollo ibott 1971” division, which provides data-driven embedded insurance solutions for the fast-growing digital economy.
Apollo plans to deploy meaningful lead capacity through the consortium which will be led by Apollo Syndicate 1971, creating a facility for innovation in the insurance industry.
Insurers must embrace new risk opportunities that do not fit the rigid insurance verticals the industry has relied upon for so long, according to Chris Moore, head of Apollo ibott 1971. This innovation consortium seeks to address that exact problem by solving true insurance gaps of currently underserved exposures, the company said.
