ARMD, the UK’s innovative insurance MGA for tradespeople, is thrilled to announce a multi-year capacity agreement with Accelerant, a technology-driven risk exchange provider. This partnership represents a significant milestone for ARMD as it continues its mission to empower tradespeople with innovative insurance solutions tailored to their needs.
The collaboration with Accelerant’s Risk Exchange underscores the strong synergy between the two companies. Accelerant’s advanced data and technology infrastructure aligns perfectly with ARMD’s focus on improving insurance for tradespeople. By leveraging Accelerant’s comprehensive capacity support and 5-year commitment, ARMD is poised to scale its operations while maintaining its commitment to distribute via brokers to deliver a seamless insurance experience for Tradespeople.
ARMD’s cornerstone product, Tools In Transit, is the first of its kind, designed specifically for tradespeople with 24/7 in-van cover and a Tool inventory app that enables tradespeople to manage their assets, submit digital claims, and reduce downtime in the event of theft. Tool theft is a big issue for Tradespeople with a tool being stolen every 12 minutes in the UK, restricting them from being able to earn a living. By addressing the unique challenges faced by tradespeople, ARMD has redefined the insurance landscape in this niche market.
“We’re delighted to partner with Accelerant, whose innovative approach to capacity provision and shared values align seamlessly with ARMD’s mission,” said Devin Chawda, CEO of ARMD. “This agreement ensures we can continue to grow while providing the best possible service to tradespeople, helping them protect their livelihoods with confidence.”
This multi-year capacity deal is set to strengthen ARMD’s position as a leader in the trades insurance market while enabling Accelerant to continue its mission of fostering growth and innovation among its partners.
