Canopius chooses Allphins for Treaty Energy exposure management
Canopius, the leading global speciality (re)insurer, and Allphins, the speciality risk management software company, today announced that Canopius will be using Allphin's solution for Treaty Energy.
Claire Wallace, Head of Marine Treaty at Canopius said “The ability to continually monitor and dynamically analyse these core exposures is of paramount importance to our treaty portfolio. We are confident that Allphins’ cutting-edge technology aligns with our strong existing focus on exposure management processes, whilst also providing the team with an accessible software through which real-time,analytically driven underwriting decisions around portfolio optimisation can be made.”
Using Allphins risk professionals can:
- Improve its performance and efficiency, reducing the time to generate exposure scenario analysis. Allphins enables users to automatically identify risks and extract insights across large and complex submission risk data in real-time,pre-binding.
- Improve its portfolio. Using Allphins, it becomes easier to select policies based on rate-on-line, clash with its top aggregations and attachment points.
- Better support its business partners. Users can have a deeper understanding of itscedant exposure, accessing unique insights into risk exposure and providing accurate data to its brokers and retrocedants.
Laurent de la Porte, CEO of Allphins, “We are very excited to welcome Canopius to our growing community of reinsurers. Working with over 15 clients allows us to have good coverage of the market and interpretation of the risk data type, which translates into improved product solutions and greatly benefits our community. We are convincedthis partnership with Canopius will be fruitful for the reinsurance industry at large.”
Allphins allows(re)insurers to digitise unstructured submission data, identify every single risk, enrich them with external data and generate actionable insights, pre-binding.Using Allphins, risk professionals can interrogate their accumulation through multiple filtering keys in seconds, build their accumulation methodology, generatead-hoc scenarios, evaluate exposure to live events, or assess the marginal impact of new risks.
Allphins is a multi-line solution and covers the speciality risks spectrum including Energy, Political and Financial Lines, Casualty, Contingency and Terrorism.
About Canopius Group
Canopius is a global specialty (re)insurer with underwriting operations in Australia, Bermuda, China, Singapore, the UK and US.It underwrites through Lloyd’s Syndicate 4444 (managed by Canopius Managing Agents Limited), a US surplus lines insurer, Canopius US Insurance, Inc and Canopius Reinsurance Ltd, a Bermuda based Class 4 Reinsurer.
For more information, visit www.canopius.com or follow @CanopiusGroup
Allphinsis a leading InsurTech company that provides exposure and risk management services for speciality (re)insurers. Combining large datasets and emerging technologies,Allphins enables (re)insurance professionals to unlock additional value through better and faster analysis and decision-making. Over 15 market-leading reinsurance companies including TransRe and Chaucer trust Allphins to power their risk-making decision. Allphins product line covers all major speciality lines including Energy, Political Risk, Terrorism, Trade Credit,Cyber, and Casualty.
Headquartered in Paris, and founded in 2018, Allphins was also part of the Lloyd's Lab a reputable InsurTech accelerator within the Lloyd's of London.
For more information, visit www.allphins.com.
Chaucer, the international specialty (re)insurance group, and Allphins, the exposure management platform for specialty risks, have entered a long-term partnership.
Allphins’ CEO, Laurent de la Porte, explains how underwriters can improve their approach to exposure management to enhance the ability to fully utilise their capacity limits and access more premium.