News and Events

Axiome Partners was launched by Alastair Burns and John Cummins in August 2020. Important work has been undertaken over the past five years to prove that the computable contract approaches will work in practice. Here we present a selection of news items:

London Market Authority (LMA) 2024-2026

Our ongoing collaboration with the LMA on the redesign of the contract for the delegation of authority can be found at the following link: https://www.lmadare.co/2024-2026. Axiome has led the thinking on the redesign of the binding authority agreement and the development of an information model for the representation of all of the contract-related documentation stored in the Lloyd’s Wordings Repository.

The Transformative Potential of Computable Contracts 2022

On the 9th of December, Insurtech Lounge organised a webinar on computable contracting. The agenda covered the following:

Discover how computable contracts, a ‘single source of truth’ created and referenced collaboratively by clients, insurers and brokers could drive innovation and deliver benefits including automation, error reduction and aggregation
Rethink how contract information is created, structured and represented and explore how standard versus bespoke risks are viewed from a data perspective.
Explore the practical next steps to redesign the digital foundations of the insurance industry and how computable contracts will fit within the evolving insurance technology landscape.

Moderator: Alastair Burns, Founding Partner, Axiome Partners Ltd
Richard Phipps, Senior Project & Delivery Lead, Swiss Re
Dave Ovenden – Global Director, Pricing Product Claims and Underwriting, Willis Towers Watson
John Cummins, Partner, Axiome Partners Ltd

Computable Contracts 2021

On the 8th of April, Stanford University’s Codex Initiative held the FutureLaw 2021 conference with a strong focus on computable contracts.

A link to the panel discussion on computable contracts can be found at:

https://conferences.law.stanford.edu/futurelaw2021/sessions/computable-contracts-2021/

Computable contracts are legal contracts that are formulated in computer-understandable form. Such contracts are emerging in multiple sectors including finance, law, e-commerce, insurance, and procurement, to name a few. This panel will address the state-of-the-art of computable contract technology.

John Cummins was honoured to be a panel member among a number of distinguished experts including Professor Oliver Goodenough and Professor Harry Surden (Moderator).