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The differentiation is how data, appetite and governance are managed in a seamless, real-time and data-first way.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-1\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"From periodic reporting to continuous visibility\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Traditional consortia reporting is typically periodic. Followers receive monthly or quarterly bordereaux summarising what has been written and how capacity has been utilised. A monthly bordereaux is essentially a history lesson, but a digital consortia is a live feed of what’s happening now.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"A digital consortia built with Artificial provides continuous visibility in a ‘mixing desk’, with a real-time view of:\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"unordered-list\",\"data\":{},\"content\":[{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Risks written on their behalf\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Capacity deployment and remaining lines\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Aggregation and geographic spread\",\"marks\":[],\"data\":{}}]}]},{\"nodeType\":\"list-item\",\"data\":{},\"content\":[{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Portfolio performance\",\"marks\":[],\"data\":{}}]}]}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"This enables live exposure management rather than retrospective analysis. Capacity providers can monitor accumulations as they build, inform reinsurance decisions earlier and ensure alignment with internal governance frameworks.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Oversight is embedded in the workflow. Underwriting authorities and pricing logic are enforced digitally, creating a clear audit trail and reducing reliance on review after the event. Followers shouldn't have to piece together their exposure from a quarterly spreadsheet.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"The direction of travel is clear: the Lloyd's Market Association's 2024 report found that data-driven, digital underwriting already accounts for around $5bn in premium - roughly 7% of Lloyd's gross written premium - with near-universal belief across the market that it will become a fundamental part of Lloyd's future.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"embedded-asset-block\",\"data\":{\"target\":{\"sys\":{\"id\":\"35U24y94pm7grwoWmcmezA\",\"type\":\"Link\",\"linkType\":\"Asset\"}}},\"content\":[]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Consortia portfolio view by TIV\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"heading-1\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Getting data right from the start\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"In many standard consortia arrangements, submissions arrive by email and are processed manually across multiple systems, with data rekeyed and periodic bordereaux produced to inform followers of what has been written on their behalf.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"The cost of this approach is well documented. Manual bordereaux processing costs insurers between £25,000 and £30,000 per FTE each year, with errors occurring in roughly one in ten cases. Lloyd's has itself acknowledged that delegated authority data management across the market is frequently inefficient, resulting in duplicated effort and versioning problems from bordereaux exchanged by email between parties. These are the norm in traditional arrangements, not edge cases.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"In a digital consortia, data is structured automatically at the point of ingestion. Whether the submission arrives by email or via a portal, it is captured and processed within a single digital framework. Risks are assessed against codified appetite rules rather than interpreted manually each time.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"This removes duplication, reduces operational friction and ensures that qualifying risks can attach immediately without further negotiation.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"embedded-asset-block\",\"data\":{\"target\":{\"sys\":{\"id\":\"GXFChAYI1L4tisfZw4EDi\",\"type\":\"Link\",\"linkType\":\"Asset\"}}},\"content\":[]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Artificial digital consortia structure\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"heading-1\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Appetite that moves with the market\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"A key advantage of building a digital consortia with Artificial is the ability to codify underwriting appetite within the platform.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Parameters such as territory, class or limits are defined upfront and applied automatically. Risks can be triaged against these rules using structured information, like a schedule of values. Hard applied rules prevent business outside appetite from being bound.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Additionally, unlike a static arrangement, appetite is live. If the lead adjusts their parameters, that change is visible instantly to all participants. Individual followers can also flex their own participation within the broader framework, for example excluding a specific territory while remaining aligned elsewhere.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"This flexibility encourages broader participation and allows capacity providers to manage their portfolios with greater precision.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"embedded-asset-block\",\"data\":{\"target\":{\"sys\":{\"id\":\"2ubP1UpZFaKynrpAMf8NMT\",\"type\":\"Link\",\"linkType\":\"Asset\"}}},\"content\":[]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Live appetite view\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"heading-1\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Freeing up the experts who matter\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Digitisation reduces the administrative burden associated with bordereaux production, reconciliation and ad hoc information requests. Manual processes are replaced with automated data capture and distribution.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"For consortia leaders, this improves cost effectiveness across the consortium and frees up underwriting resources.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"For followers, it delivers structured, high quality data and greater confidence that the portfolio is developing in line with agreed parameters.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"heading-1\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Bringing capital, data and governance together\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"A digital consortia with Artificial is not simply a more efficient version of an existing structure. It represents a shift from periodic reporting and manual oversight to continuous visibility and embedded governance.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"By structuring data at source, codifying underwriting appetite and enabling live exposure management, Artificial transforms how aligned capacity is deployed and controlled. Leaders gain operational efficiency and a stronger platform for attracting follow capacity. Followers gain real time insight, clearer governance and greater control over how their line is utilised.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"The result is a consortia model that is not only aligned on capital, but aligned on data, discipline and performance.\",\"marks\":[],\"data\":{}}]},{\"nodeType\":\"paragraph\",\"data\":{},\"content\":[{\"nodeType\":\"text\",\"value\":\"Want to know more? \",\"marks\":[{\"type\":\"italic\"}],\"data\":{}},{\"nodeType\":\"hyperlink\",\"data\":{\"uri\":\"https://artificial.io/contact/\"},\"content\":[{\"nodeType\":\"text\",\"value\":\"Get in touch\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]},{\"nodeType\":\"text\",\"value\":\".\",\"marks\":[{\"type\":\"italic\"}],\"data\":{}}]}]}","references":[{"contentful_id":"35U24y94pm7grwoWmcmezA","__typename":"ContentfulAsset","fixed":{"width":1600,"height":1185,"src":"//images.ctfassets.net/kbmaq5wq8te5/35U24y94pm7grwoWmcmezA/46ad4062f3834b624c23c8b2dae68511/consortia_-_tiv_portfolio.png?w=1600&q=50","srcSet":"//images.ctfassets.net/kbmaq5wq8te5/35U24y94pm7grwoWmcmezA/46ad4062f3834b624c23c8b2dae68511/consortia_-_tiv_portfolio.png?w=1600&h=1185&q=50 1x"}},{"contentful_id":"GXFChAYI1L4tisfZw4EDi","__typename":"ContentfulAsset","fixed":{"width":1600,"height":816,"src":"//images.ctfassets.net/kbmaq5wq8te5/GXFChAYI1L4tisfZw4EDi/72ac1c2ed7d1f8a0fc92e6d339483152/consortia-diagram2.png?w=1600&q=50","srcSet":"//images.ctfassets.net/kbmaq5wq8te5/GXFChAYI1L4tisfZw4EDi/72ac1c2ed7d1f8a0fc92e6d339483152/consortia-diagram2.png?w=1600&h=816&q=50 1x"}},{"contentful_id":"2ubP1UpZFaKynrpAMf8NMT","__typename":"ContentfulAsset","fixed":{"width":1600,"height":807,"src":"//images.ctfassets.net/kbmaq5wq8te5/2ubP1UpZFaKynrpAMf8NMT/4a46a34e9b6a37190d6996483541972a/consortia-appetite.png?w=1600&q=50","srcSet":""}}]},"description":{"description":"A digital consortia with Artificial does more than pool capacity. 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