Malaysian Reinsurance Bhd (Malaysian Re) has licensed AIR Worldwide’s catastrophe risk modelling platform to help it manage its existing portfolio and assess new risks.
Malaysian Re, which is a wholly-owned subsidiary of MNRB Holdings Bhd, will deploy the catastrophe modelling solution to enhance its risk pricing and portfolio management capabilities, and as a tool to help it expand into new lines of business.
These enhanced capabilities will allow Malaysian Re to maintain its strong market presence in Asia, the Middle East, and North Africa, while also expanding into new markets.
Zainudin Ishak, President and CEO of Malaysian Re, commented: “Partnering with AIR is our strategic move in line with Malaysian Re’s ongoing Business Transformation 2020 Programme (T20), which was launched in April last year.”
“We will leverage AIR’s solutions to help us meet the expanding needs of our customers and offer enhanced value added services,” he added.
T20 is an initiative developed by Malaysian Re that aims to make the company the preferred reinsurer in the region.
