Juniper Re, the reinsurance broking arm and indirect subsidiary of The Baldwin Group, has announced a strategic collaboration with CAPE Analytics to deliver portfolio-improving property risk insights to its clients, as well as a differentiated view of the reinsurance market.
“This collaboration adds another strategic component to Juniper Re’s sophisticated, tightly woven catastrophe analytics platform uniquely designed to provide clients with distinct insights, enhanced positioning in the reinsurance marketplace, and improved overall portfolio and company performance by leveraging exceptional, specialized technology capabilities,” the firm explained.
Juniper Re reportedly aims to improve data accuracy and risk management strategies for insurers, MGAs, and other providers of insurance products by integrating CAPE’s insights into its forward-thinking catastrophe modelling platform.
According to the firm, doing this will enable clients to better prepare for, understand, and predict potential property losses, ultimately providing clients with more efficient, tailored, and effective solutions
Juniper Re’s Head of Catastrophe Analytics, Adam Miron, commented, “Our focus in developing our dynamic, interconnected platform has been identifying exceptional technology, determining how to maximize capabilities, and developing mutually advantageous relationships, all tailored to provide unique, impactful insights.
“Through our collaboration with CAPE, we can augment our client’s data to refine our analysis and ultimately distinguish them in the reinsurance marketplace. Furthermore, CAPE’s roof condition, wildfire, and hail intelligence enables us to show profitability impacts by integrating best-in-class hazard and vulnerability data.
“At the end of the day, integrating this intelligence into our catastrophe analytics platform allows us to differentiate our clients, and ourselves, in the market.”
Busy Cummings, CAPE’s Chief Revenue Officer, said, “We’re thrilled to be working with Juniper Re to provide new and more accurate property risk insights that can help improve carrier risk management and profitability.
“We look forward to seeing Juniper Re apply CAPE’s market-leading property intelligence solution for reinsurance placements in a way that adds tremendous value to the broader property insurance industry.”
