Bermuda-domiciled reinsurer PartnerRe has acquired the assets of Claim Analytics, a Canadian-headquartered provider of insurance-based analytics solutions founded in 2001.
It’s expected that Claim Analytics’ staff will join an existing PartnerRe analytics team currently working out of its Toronto offices, and will continue to do business as PartnerRe Analytics.
PartnerRe hopes the acquisition of Claim Analytics, with its experienced actuaries and experts in data analytics, will strengthen its “product offering predominantly in Life and Health, an important strategic area of diversification and growth for the company, and aligns with PartnerRe’s overall client focused strategy,” according to Emmanuel Clarke, President and Chief Executive Officer (CEO) of PartnerRe.
Clarke added, “PartnerRe has successfully brought its predictive analytics capabilities to clients and helped them to better develop and manage their business. This acquisition builds on that success.”
“The improved prediction capability will expand our product offering and enables us to provide our clients, both in North America and globally, with access to deeper expertise, and a now wider range of predictive solutions tailored to their needs.”
