Greenlight Re Uses Allphins To Improve Risk Management
Greenlight Re, the global reinsurer, and Allphins, the leading speciality InsurTech, entered into an agreement to use the Allphins platform. Greenlight Re will be using Allphins to manage its aggregation risks, enrich its data with external data sources, and generate actionable insights. Using Allphins will enable Greenlight Re to improve their underwriting and exposure management processes and thus make better and faster risk decisions.
Greenlight Re Head of Speciality, Finbar Griffin, said, “As we grow our Marine and Energy book, ensuring we can accurately manage and accumulate exposures in a timely manner is key. Allphins helps us to achieve this very quickly allowing us to be responsive to our brokers”.
Allphins’ COO, Antonin de Benoist, said, “We are very pleased to welcome such an innovative and analytically-driven organisation in our community of users. Digitisation offers a wide range of tools that are revolutionising underwriting.”. Adding “Underwriters that are capable of accurately quantifying their exposure are in a much better position to seize opportunities in the risk marketplaces and make the most of their capacity. We look forward to working further with Greenlight Re”.
Allphins is an InsurTech platform for speciality (re)insurers. Combining datasets and innovative technologies into a user-friendly package, Allphins enables (re)insurance professionals to unlock additional value through better and faster analysis and decision making.
Allphins is a member of the Lloyd’s Lab, an innovative accelerator programme within the Lloyd’s of London. Allphins is also part of STATION F, the world’s largest start-up campus based in Paris. Allphins was recently nominated among STATION F’s most promising 40 start-ups, handpicked among 1000 companies.
Please find more at www.allphins.com.
About Greenlight Capital Re, Ltd.
Established in 2004, Greenlight Re (www.greenlightre.com) is a NASDAQ listed company with specialist property and casualty reinsurance companies based in the Cayman Islands and Ireland. Greenlight Re provides risk management products and services to the insurance, (re)insurance and other risk marketplaces. The Company focuses on delivering risk solutions to clients and brokers who demand Greenlight Re’s expertise, analytics and customer service offerings.
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