Treefrog Consulting has made new enhancements to its software platform, Foundation, in order to provide greater value to clients in the ILS, Reinsurance and Brokerage sectors.
Launched in March 2020, Foundation provides web-based solutions to help re/insurance and ILS businesses underwrite natural catastrophe covers world-wide.
The platform serves to make customers more profitable and productive by simplifying and automating the process of pricing reinsurance deals.
Dmitry Mnushkin, president of local software development house said: “Since developing the Foundation platform, we have been in constant communication with our customers to make sure it continues to evolve in a way that helps them keep their competitive edge and stay productive.
“We are excited to announce some new enhancements to the software with better support for cat bonds, enhanced geographic granularity and portfolio analysis at event-level in real-time. These are just a few of the latest improvements to Foundation that have been highly anticipated by our clients and made our platform an even more attractive option for local and international businesses.”
“Our first clients were deeply focused in the ILS space and we made sure our technology could support them. With our latest enhancements, we are thrilled to have welcomed innovative and progressive reinsurance clients and brokers to our platform and for the first time since our inception we now have clients in all three industry segments, including ILS, reinsurance and brokerage, represented on the platform. This clearly demonstrates the maturity of the software and its ability to fully serve multiple use cases.”
Mnushkin launched his Bermuda-based software development firm Treefrog Consulting in 2013, primarily focusing on the development of custom risk management software solutions and underwriting platforms for Insurance, Reinsurance and ILS companies world-wide.
The company continues to excel in designing, delivering and maintaining top quality software for its long-term clients.
Mnushkin explained the past year has been a busy, yet successful one for his businesses. In addition to signing on new clients for Foundation within different segments of the industry, he is preparing to launch several upcoming Pilot programmes that will further disrupt the traditional model of bespoke, internal software builds.
