Allphins, the speciality exposure management software company, today announced that Chaucer, the leading global specialty (re)insurer, will use Allphins' cutting-edge exposure management system to manage their reinsurance terrorism portfolio. The software will enhance Chaucer's ability to manage, analyse and control its terrorism risk effectively, significantly improving its portfolio management capabilities.
This comes just two years after Chaucer adopted the Allphins Energy platform to gain the insights needed to manage its Energy Reinsurance risk accumulation, allowing for better decision-making and richer discussions with its partners.
Chris Baker, Head of Global Reinsurance: "Allphins facilitates the efficient management of complex terror risk files allowing us to quickly filter exposure analysis per peril or geographical zone. Moreover, we can design custom scenarios to reflect our unique view of the risk landscape.”
In the past, managing terror risk data has been complicated and time-consuming, preventing (re)insurers from accessing meaningful and actionable insights. Allphins for Terrorism empowers risk professionals to simultaneously upload and analyse as many data files as necessary, perform systematic aggregation scenarios across their entire book, and integrate with external data providers for data enrichment.
User scan generate a variety of aggregation scenarios, including Allphins' top zone analysis, automatically searching for the highest blast zone accumulation globally for any radius and peril across all cedants in less than an hour.
Laurent de la Porte, Allphins' CEO and co-founder, says, "Our collaboration with Chaucer solidifies our commitment to equipping the (re)insurance industry with robust, effective and user-friendly solutions to tackle complex matters with cutting-edge technologies. The ability to smoothly manipulate and visualise avast number of risks and structures across the value chain marks a significant leap forward for the industry beyond just terrorism."
Chaucer is a leading specialty (re)insurance group working with brokers, cover holders and clients to protect and support business activities around the world. Our services are accessed through Lloyd's of London and the company markets.
We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams.
Chaucer is a member of the China Re Group and is backed by their financial and operational resources. China Re is one of the world's largest reinsurance companies with outstanding and comprehensive strength ratings: A (excellent) by AM Best and A (strong) by S&P Global Rating.
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 20 market-leading reinsurance companies, including TransRe and Chaucer, trust Allphins to power their risk-making decision. Allphins adaptive 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.
Formore information, visit www.allphins.com.