The partnership marks a significant milestone for ARMD as it continues to expand its mission of providing tailored insurance solutions for tradespeople. By leveraging Accelerant’s advanced data and technology infrastructure, ARMD aims to enhance the insurance experience for its customers while scaling its operations.
“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.”
With Accelerant’s five-year capacity support, ARMD is set to strengthen its distribution via brokers, ensuring a seamless insurance experience for trades professionals.
At the core of ARMD’s offering is ‘Tools In Transit’, a pioneering product designed specifically for tradespeople. The policy provides 24/7 in-van cover and integrates with a tool inventory app, enabling users to manage their assets, submit digital claims, and minimise downtime in case of theft.
Tool theft remains a major concern for tradespeople in the UK, with a tool stolen every 12 minutes, disrupting businesses and livelihoods. By addressing these challenges, ARMD is redefining insurance in this niche market, providing much-needed protection and financial security.
This long-term agreement positions ARMD as a leader in the trades insurance sector while reinforcing Accelerant’s commitment to fostering growth and innovation among its partners.