Bermudian reinsurer Ariel Re has partnered with Allphins to use its platform to help with exposure and risk management.
Ariel Re’s adoption of the Allphins platform will enable the reinsurer to generate more accurate exposure figures faster and produce in-depth analysis over their Marine and Energy book of business.
Allphins uses machine learning algorithms to digitise policies as well as identify risks and deliver actionable insights for decision making and solving.
Emily Leitch, Head of Marine & Energy at Ariel Re commented: “We selected Allphins for three reasons; the platform can perform the aggregation calculation live; we can easily provide exhaustive figures to our retro partners and last, but not least, the platform functions as a portfolio management tool for improved decision making.”
Laurent de la Porte, Allphins’ CEO and co-founder added: “Digital transformation is key to unlocking a wide range of capabilities from smart exposure management, to improved risks selection and portfolio management.
“Not only does Allphins add significant efficiency into the process, but it also acts as a catalyst to enhance underwriters’ profitability. We are very excited to work with Ariel Re.”