MS Amlin Underwriting Limited has entered into a service agreement with insurtech data analytics platform Allphins to support its exposure management capabilities.
The agreement will see MS Amlin’s marine and energy reinsurance division use the Allphins platform to digitalise existing exposure data and access its specialist datasets and analysis tools.
The re/insurer hopes that by using Allphins’ tech it will be able to analyse its portfolio in greater detail, map out aggregate exposure, and generate different scenarios, thus supporting faster and more informed decision making.
“Technology is transforming the way (re)insurers underwrite and manage risk,” said Tom Clementi, CEO of MS AUL.
“As the risk environment facing us and our clients continues to evolve and become more complex, utilising cutting-edge and innovative technology will become more essential.
“We have a long history of partnering with Insurtechs that can bring value to our business, and this new and exciting agreement with Allphins is a testament to our continued commitment to digital innovation and the use of smart technology to further cement our position as a (re)insurer of the future.”
Laurent de la Porte, CEO of Allphins added, “MS Amlin is at the forefront of Insurtech innovation and we are extremely excited to cement our relationship with such a successful business.
“Digital transformation is the key to unlocking the power of data and through the use of innovative and emerging technologies, the Allphins platform provides (re)insurers access to an unparalleled view of their risks.”