Redline Underwriting, a Lloyd’s coverholder specialty underwriting firm, has adopted Moody’s RMS’ Risk Modeler application on the Moody’s RMS Intelligent Risk Platform (IRP).
This comes as Redline Underwriting enters into a long-term agreement with the leading risk modeling and solutions company.
By being able to use the Risk Modeler, this will allow Redline to have more streamlined processes, by ultimately creating a workflow from account underwriting all the way through to portfolio management, aggregation, and reinsurance cat treaty analysis.
At the same time, Moody’s RMS will work closely with Redline to help onboard the platform and application, as well as help to train their team on implementing the application in-house.
Another key factor to note, is that this agreement will also allow play a pivotal part in helping Redline to continue to expand in the Latin American market as well as invest in new locations.
Adriana Cisneros, Head of Underwriting at Redline, said: “This represents a significant step for Redline as a startup MGA. Engaging in a cat modeling capability at such an early stage underscores our unwavering commitment to offering the best underwriting platform to our capacity providers. Implementing the IRP will improve our understanding of underwriting criteria for placing profitable business and end-to-end workflow for account-level metrics. It will also allow us to set up successful streamlined processes for managing accumulation and portfolio management.”
Mike Richitelli, Global Head of Sales, Moody’s RMS, commented: “Redline’s careful management of their portfolio by analyzing risk profiles in depth, will be further optimized using Risk Modeler on the Intelligent Risk Platform. This application will further enhance their market knowledge and their closeness to partners as we work to provide them with valuable insights that align with their underwriting goals. We look forward to working with them to further drive their underwriting excellence across the Latin American region.”
