Reinsurer Transatlantic Re will collaborate with UK insurtech Concirrus to develop data-driven reinsurance programmes for marine insurers. “There is inherent uncertainty when creating reinsurance programs due to a lack of definitive data about a portfolio’s aggregate risk,” states Andrew Yeoman, Chief Executive Officer of Concirrus. The new initiative is part of a wider effort by the two companies to build on their existing expertise in data and analytics across all aspects of insurance.
Reinsurer Transatlantic Re will collaborate with UK insurtech Concirrus to develop data-driven reinsurance programmes for marine insurers. The new initiative is part of a wider effort by the two companies to build on their existing expertise in data and analytics across all aspects of insurance.