Ed, the global reinsurance, wholesale and specialty brokerage, has licensed Ultimate Risk Solutions’ (URS) financial risk modelling software to help design bespoke risk mitigation solutions for its clients.
The broker said that using URS’ Risk Explorer software will allow it model its clients’ portfolios and evaluate potential re/insurance structures more quickly and efficiently.
Combined with the expertise of the firm’s analytics team, it will also enable clients to better manage their capital and increase their return on equity, Ed added.
“We can now rapidly process huge amounts of data to help us understand the risk hotspots in our clients’ portfolios, and design (re)insurance solutions that optimise our clients capital efficiency,” said Jonathan Tilman, Group Chief Actuary at Ed.
“The computational power of the system means that our team can focus their experience and judgement on creating bespoke solutions that best meet client needs,” he continued.
Alex Bushel, Founder and Chief Executive Officer (CEO) of URS, also commented: “Ed brings exceptional wealth of experience and deep professional knowledge of what insurers and reinsurers need to succeed in today’s challenging marketplace.
“I’m delighted that the power of URS technology is now expanding and strengthening their analytics capability, helping establish Ed as a truly global brokerage house.”