Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the launch of an insurtech Center of Excellence (COE) that will provide services to carriers and Managing General Agents (MGAs) powered through modern technology platforms.
The insurtech COE will offer a range of reinsurance broking, advisory and analytical services, and will facilitate Guy Carpenter’s delivery of specialized capabilities, including market-entry analysis, portfolio construction, actuarial support, rating advisory and capital modeling.
Additionally, as part of its further expansion into insurtech, Guy Carpenter will expand its partnership with financial technology analyst firm Celent, a part of Marsh McLennan’s Oliver Wyman Group.
Guy Carpenter currently maintains a large portfolio of insurTech clients totaling nearly $3 billion in direct written premium, including many of the initial public offering and special purpose acquisition companies transactions.
Commenting on the launch, John Trace, CEO, North America, Guy Carpenter, said: “The InsurTech COE positions Guy Carpenter at the forefront of the development of the tech-empowered insurance market.”
“By bringing together an extensive team of sector experts exclusively dedicated to this rapidly evolving environment, our aim is to provide the most relevant services and solutions, coupled with market insight and intelligence to support industry innovation.”
Will Garland, President, Centers of Excellence, Guy Carpenter, also commented: “The establishment of the InsurTech COE is a clear next step for Guy Carpenter. It will not only help us further strengthen the partnerships we have developed with numerous carriers and MGAs at the leading edge of InsurTech, but also open up considerable new opportunities to grow our presence in this highly relevant space.”
