Structured property data provider, Cape Analytics, has launched a new cedent portfolio product offering for reinsurers that claims to enable more accurate judgement of risk exposure of cedent’s portfolios.
The Cape Analytics data solution relies on CAT risk models from AIR and RMS.
Barney Schauble, Managing Partner at Nephila Advisors, said; “Cape Analytics has been a fantastic partner in helping us review our exposure to catastrophic risk on a portfolio-by-portfolio basis.
“By delivering accurate, independent data, they not only enable insights into general cedent data quality, but also data corrections that allow us to improve our view of the exposure we’re considering. In addition to offering the leading solution, they’ve been very responsive and collaborative partners.”
It offers a service in which reinsurers who submit portfolios for review, can receive an augmented data set with delta analysis in under 24 hours, claiming to have enhanced early-adopting reinsurers risk assessment with an improvement in identifying portfolio changes of up to 15%.
Ryan Kottenstette, CEO of Cape Analytics, added; “Our goal is to offer the leading solution for risk-related property data accurately, instantaneously, and at scale. We delivered data to clients on over 10 million specific addresses last month.
“We’re excited to roll this latest solution out to more customers and expand our geographic and feature coverage.”
